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The latest data from the Central Bureau of Statistics underscores the severe challenges faced by the real estate sector, pointing to a historic low in new apartment sales. In October, amidst the outbreak of war, a mere 930 new apartments were sold, with only 89 benefiting from government housing programs and discounted rates per resident

The reform of the port of Ashdod is underway: after almost eight years of negotiations, an agreement was officially signed tonight between the state, the management of the port of Ashdod and the workers. The agreement ensures substantial efficiency in all sectors and managerial flexibility that will allow the port to compete with the private ports currently being established. At the same time, the remaining employees received a variety of benefits; Among other things, 10 years of protection against collective redundancies will be given to second-generation non-founding employees; A...

The cyber companies Clearsky and Profero have published a report with disturbing revelations about what is described as an "Iranian cyber attack on companies in the Israeli economy." The main points of the report are that the attack uses damage intended to encrypt the victims' computers - just like ransomware - but this time without any financial demand. Iranian hackers are content to block companies from using their data, a particularly troubling situation in days of remote work and increased use of digital to operate commercial and economic activity in the economy

The government deficit continues to decline, amounting to 11.2% of GDP in the last 12 months (May 2020-April 2021); This is after the first time since the outbreak of the corona crisis was recorded in March, a decrease compared to the previous month - to 12.1%. State revenues amounted to NIS 35.5 billion in April (NIS 31.4 billion of which are tax revenues). This is about 10% of the state's revenue forecast for 2021. The state's capital raising was (gross) in April NIS 16.8 billion in the domestic market, and NIS 400 million abroad. In April, NIS 10.3 billion was repaid from the total...

The average wage in the economy in August increased significantly relative to the corresponding period last year and the main reason for this is layoffs and expenses for low-wage workers. In August, the average wage reached NIS 11,578, an increase of 7.3% compared to August 2019. CBS) published today (Wednesday). Such a high increase in the average salary in the economy is expected to result in an increase of thousands of shekels in the salaries of ministers, Knesset members and senior officials in the economy, if there is no legislation on the temporary order proposed by Finance Minister...

Data from the Ministry of Health show that yesterday (Monday) 1,372 people were diagnosed with the corona virus, and the positive rate - 1.8% - was the highest in four months. Against the background of the aliyah, Prime Minister Naftali Bennett summoned senior members of the health system to a meeting to be held in the afternoon. Among the guests: executives at the health funds and hospitals. On behalf of the Ministry of Health, the director general will be Prof. Nachman Ash. It should be noted that not all hospital directors or health funds were invited to the meeting. There has been a...

The Elis plane is designed for regional flights, as a passenger plane with 9 passengers and 2 crew members, an aircraft carrier, or a cargo plane. It is capable of flying a range of up to 830 km, at a speed of up to 460 km, and carrying a weight of 1.1 tons. It has two engines with a power of 850 hp each, and batteries with a capacity of 900-kilowatt hours, like 15 popular electric cars. But the batteries make up about 60% of the plane's weight at takeoff, which currently makes it difficult to build an electric plane for longer ranges

The largest mass event since the beginning of the Corona period has become one of the greatest disasters in the country's history: 44 people were killed and more than 100 were injured last night (Thursday to Friday), including 23 in critical condition, at the Toldot Aharon storks' lighting compound on Mount Meron. Around 3:00 a.m., ambulances finished evacuating all the wounded to hospitals in the northern region, and police subsequently continued their efforts to evacuate all participants from the mountain. Dozens of buses on their way to the scene were turned around, and encountered...

The emergency discussion on the issue of raising the price of bread ended without decisions. At the beginning of the debate, which took place on Sunday at the initiative of Prime Minister Yair Lapid, he announced that the purpose of the debate is "a complete halt to the rise in the price of uniform bread." During the discussion, a number of economic and legislative proposals were raised on how to reach agreements. Prime Minister Lapid ordered the head of the budget department in the Ministry of Finance to return within three days for another discussion, with the formulation of the best way...

Israel and Jordan signed an agreement on Monday under which Israel will purchase solar electricity from Jordan and Israel will supply it with desalinated water. Nevertheless, question marks may make it difficult to implement the move - despite Jordan's urgent need for water and Israel's desire to increase its use of solar electricity to meet its electricity generation targets from renewable sources. According to a joint statement to Israel, Jordan, the United States and the United Arab Emirates, where the signing ceremony was held, the Minister of Energy, Karin Elharar, the Minister of...