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Full exit strategy from the crisis: Prime Minister Benjamin Netanyahu says Israel has recorded "great achievement" in the fight against the spread of the Corona virus. During a press conference held in his Jerusalem office, Netanyahu on Monday presented a series of countries where the proportion of patients and the dead is relatively higher than in Israel, noting that "Israel's achievements serve as a model for many countries." At the outset, Netanyahu said: "Our response to the Corona crisis, the global crisis, is unabated. We are not letting go of the effort to overcome the virus that...

Bank Leumi reported that it has signed a deal with the American Valley National Bank under which Leumi USA and the American bank will merge at a value of $ 1.2 billion. Thus, after the merger, Leumi USA will hold 14.2% of the merged bank and will be the largest shareholder in the bank - but not a controlling shareholder. Bank Leumi is expected to post a profit of up to NIS 750 million from the transaction. The merger The transaction is subject to regulatory approvals and the approval of the General Meeting of Bank Valley. The merged bank will be the 29th largest bank among the banks traded...

The data published by the Central Bureau of Statistics (CBS) show that by narrow definition, the unemployment rate reached only 2.9% in the first half of April, compared with 3.4% in March and 3.8% before the corona crisis. Labor, stood at only 4.4%, compared to 4.8% in March, however, the employment rate was 61.0%, compared to 61.3% in the second half of March

The Cyber, Emergency and Security Unit and the Chief Economist Division at the Ministry of Finance continue to strengthen the long-standing relationship and cooperation with the US. Further to the meeting of Finance Minister Lieberman with the US Deputy Treasury Secretary, Wally Adeyemo, in November 2021, in which they discussed the need to strengthen the resilience of systems, organizations financial and deepening cooperation on the subject, today (Tuesday) a cooperation agreement (MOU) in the cyber-financial field was signed between the ministries of finance of Israel and the USA. On the...

In recent weeks, the tax authority has approached about 150 self-employed people who have received compensation for losses since the outbreak of the corona crisis - and demanded that they return the money they received. According to a senior PA official, it turns out that dozens of self-employed people demanded the funds based on losses incurred by them this year compared to last year. However, an examination carried out by the Tax Authority revealed that some of them did not receive the grants or were overpaid, as their losses were lower than the conditions eligible for the grant. In a...

In the aftermath of a Houthi attack on a vital sea crossing, sea freight prices from China surge by 12%, impacting Israel's economy. In recent developments, the Houthi rebels in Yemen pose a significant threat to Israel, not only through direct missile attacks but also by potentially closing a crucial shipping lane – the Bab al-Mandab strait. This strategic waterway facilitates the passage of 6.2 million barrels of oil per day and 10% of global trade

The discussion in the government regarding the package of aid to the economy following the Corona crisis ended on Saturday evening with the consensus regarding the NIS 80 billion program. The details of the plan are not yet finalized, and the treasury hopes to present it to the government in the next two days. The discussion of program details and the exacerbation of emergency measures and restrictions will continue today. It appears that NIS 5 billion will be allocated as grants to small businesses, when it is not yet decided how the money will be distributed. The Treasury will now...

PM Netanyahu will hold a hearing on the operation of the education system at noon. The Ministry of Health wants to resume activity according to the morbidity data so that educational frameworks are not opened in areas with a high infection rate. The government last night repealed the ban on staying more than five hundred yards away from home during sporting activities The resolution will only take effect after Independence Day, Thursday at 8 am. On Independence Day, thousands of police will enforce the closure and erect checkpoints on exits from the cities. Police will not allow meals and...

The unemployment rate decreased slightly in September, along with the typical decrease for the summer months and holidays in the employed rate. However, relative stability has recently been maintained in the field of unemployment in Israel and it continues to be low to a similar extent as it was on the eve of the Corona crisis. The data of the Central Bureau of Statistics (CBS) published on Monday shows that the basic unemployment rate in Israel, according to international definitions, reached 3.9% in September, which is 172.8 thousand unemployed - about 7,200 less than in August, when the...

Prime Minister Benjamin Netanyahu presented the much-awaited plan with Finance Minister Israel Katz on Thursday evening. Netanyahu took responsibility and admitted that the opening of the economy may have been premature. He delayed the transfer of funds to the business owners, and pledged that bureaucrats would be handed over to the self-employed as early as next week. Netanyahu emphasized: "We are in the midst of a second wave of the Corona. It has come to us and it has reached other countries as well. In my estimation, it will not pass on almost any country. "We have had a success in the...