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The average wage in the economy in September per employee post was NIS 11,373, an increase of 4.9% compared to the corresponding month last year (NIS 10,840). Among the main reasons: layoffs and expenses for low-wage workers. However, in September, the average wage per employee fell by 1.6% compared to the previous month, according to data from the Central Bureau of Statistics (CBS) published on Thursday. In high-tech, the increase in wages is even sharper: an employee in the field earned an average of NIS 24,327 in September, an increase of 5.3% compared to the corresponding month last...

The state budget for 2021 and 2022 was approved in the first reading in the Knesset plenum: Three and a half years after the last budget was approved on March 15, 2018, on Thursday evening the Knesset plenum approved in the first reading the biennial state budget. 59 Knesset members voted in favor of the budget. 54 opposed the budget for 2021 and 53 opposed the budget for 2022. Earlier, the Knesset approved on first reading the Arrangements Law by a similar majority. MK Amichai Shikli on the right is absent from the vote. Prime Minister Naftali Bennett said immediately after the approval...

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...

The Corona Cabinet has decided Thursday night not to open the street stores until next Sunday, despite the demand of Finance Minister Israel Katz. According to the decision tonight, shortly after midnight, the opening of street shops will be allowed from November 8, on terms to be agreed by the Ministries of Health and Finance. Health Minister Yuli Edelstein, who called for unity decisions, voted against following the deviation from the original outline of relief every two weeks. Following this, clashes broke out between the ministers, just before the vote in the debate that took place in...

The unpaid vacation law was approved in the Knesset on second and third reading at the end of an exhausting night of debates and about 75 votes in the plenum. The law stops extending unemployment benefits to over 200,000 Corona unemployed by the age of 45. This means they will still receive payment for the month of June but will not receive any payment for July. The Minister of Finance passed in the Knesset his decision to take a stricter line on the issue of extending unemployment benefits with almost no changes, with the help of the chairman of the finance committee from his party, MK...

Ministry of Health has issued a resounding recommendation for universal COVID-19 vaccination amid the emergence of new substrains of the Omicron variant. This announcement comes as a proactive measure to safeguard public health and curb the spread of the virus

In a significant financial move, S&P Global Ratings announced on Wednesday night that it has downgraded Israel's credit rating from A+ to A, now accompanied by a negative outlook. This change suggests that further downgrades could occur in the near future

The rate of academics among women in management positions is higher than the corresponding figure for male managers. The same is true of seniority at work and experience. Managers also declare a higher level of commitment to the workplace from managers, and higher prices they pay on the family front - according to regular surveys conducted by the Central Bureau of Statistics. Even when the number of weekly working hours is taken into account, managers earn about 30% more than managers on a monthly basis. A new study, based on data from the Central Bureau of Statistics, shows that after...

The average wage in Israel continued to rise, and as of March was NIS 12,672, according to data from the Central Bureau of Statistics. This is an increase of 5.2% compared to the previous month and an increase of 1.5% compared to the corresponding period last year. However, the increase in the average wage is explained as a seasonal change. The average high-tech salary in March was NIS 29,772, a decrease of about 1% compared to the previous month and an increase of 2.5% compared to the corresponding period last year. The average wage in high-tech is 2.4 times higher than the average wage...

In a groundbreaking move, State Comptroller Mattaniho Engelman is recommending a comprehensive reassessment of Israel's fixed inflation target, which has remained unchanged at 1% to 3% per year for two decades. The recommendation comes as inflation exceeded the government's target, leading to deviations that could significantly impact the state budget and corporate financial planning. Engelman's call for a reevaluation is grounded in the recent economic developments, particularly the surge in inflation post-COVID, with the inflation rate reaching 5.3% in 2022. The State Comptroller's...