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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...

US Secretary of State Mike Pompeo comes to Israel for about eight hours to discuss Netanyahu with two key issues: Iran and China. Washington is very unhappy with the acquisition of Israeli infrastructure by China. It is about the two ports of Israel in Haifa and Ashdod and that China is the one that will establish Israel's new ports. Alongside these, the US is unhappy with the acquisition of Beijing's Tnuva and Dor Alon Tabor power plant. In statements by Prime Minister Benjamin Netanyahu; Blue and White chairman Benny Gantz; and designated foreign minister Gabi Ashkenazi, after meeting...

Israel suffers from a large number of workers with low work skills and a very weak professional training system. These two data contribute greatly to the relatively low productivity data of the Israeli worker. In an OECD skills testing survey, Israel ranks 28th out of 34 countries. Moreover, in computer skills Israel is ranked 24th out of 29. Israel's investment in vocational training for adults is among the lowest among OECD countries and stands at less than 0.4% of public spending on education, placing it among the last five places out of 19 countries surveyed. Israel also came in third...

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...

Interior Minister Ayelet Shaked announced on Thursday that she intends to restrict the work of Ukrainian refugees in 17 cities across the country starting August 1. This restriction is in accordance with the new procedure of the Population Authority regarding the employment of asylum seekers, which was published in Haaretz a month ago. Shaked's announcement comes against the background of the High Court's decision to allow the entry of Ukrainian citizens

Customers from all over the country came to support businesses in the southern region after the ceasefire after 11 days of fighting. They did shopping to sit in containers in the city, and so people had to wait in long minutes until a table became available for them. In Ashkelon, too, the cafes were filled with people today, and in Roja's coffee, the parliaments returned. "We are returning to life in Ashkelon, everything is full, after two difficult weeks." "We waited patiently for the operation to end," says Herzl Gabriel, who arrived with his family from Tel Aviv. "We came to support the...

The Corona Commission has ruled that beaches and swimming pools will remain open on weekends. The committee decided to postpone the vote on the opening of the restaurants, apparently in the evening. Voting on the opening of museums, attractions and gyms has been postponed for the rest of the week. At the beginning of the meeting, the chairman of the committee, Yifat Shasha Bitton, referred to the restrictions that the government decided on over the weekend and said that "we are still having a dialogue with the government. We will not vote on what has not yet been agreed. "However, she...

The demand for software developers has been cut by 37% within six months, according to the vacancy survey published by the Central Bureau of Statistics (CBS). The survey shows a continued downward trend in the overall scope of demand for workers in Israel, possibly due to preparations for an economic slowdown. The number of vacancies in Israel in October 2022 reached 147 thousand jobs - a decrease compared to 151 thousand vacancies in September. The rate of vacancies out of all jobs in the economy reached 4.7% in October, compared to 4.8% in September - and after a record of 5% in February...

The highest unemployment rate in the corona period was recorded among ultra-Orthodox men in most months of the crisis, according to a report by the Labor Market in Israel 2020 published today (Thursday) by the Ministry of Labor and Welfare. The report also shows that women were significantly more affected than men during the three closures. The average unemployment rate in the corona period, from March to December 2020, averaged 16%, more than four times higher than in the pre-crisis period. The rate between closures (July-August 2020) was about 10% and reflects to some extent the economic...

Iron Source has announced a $ 2.3 billion fundraiser. The raising represents a value of $ 11.1 billion for the company. Of that amount, the company's shareholders will receive $ 1.5 billion. About 50% of the shares are with the company's founders, about 40% with the company's investors and about 10% with the employees. Iron Source merges with Thoma Bravo's Spock Company, a private equity fund that, among other things, acquired the Israeli-American Impreva. As part of the merger, $ 1.3 billion was raised in PIPE, a private investment in a public company, and the rest comes from the Spock...