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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 Ministry of Health announced on Friday that 2,064 verified cases of the corona virus. The number of patients in critical condition dropped to 460. 227 patients are in critical condition, 183 of them respiratory. Also, during that day, nine patients died, and the total number of water since the outbreak of the plague rose to 7,885. To date, about 3.7 million people have been vaccinated against corona in Israel in the third dose. During yesterday, about 33,000 people were vaccinated with this dose. The data also show that the coefficient of infection continues to decline and now stands...

Exactly 11 months after former Prime Minister Benjamin Netanyahu was the first Israeli to be vaccinated against Corona, his successor, Prime Minister Naftali Bennett, announced that the children's vaccines will be launched next Tuesday and that 5 to 11 year olds will be able to defend themselves against Corona with Pfizer's vaccine dose. In his weekly post, Bennett wrote about children's vaccines: "I know there is a certain sensitivity around this matter. There are a lot of people who are afraid to vaccinate children, and they are not necessarily 'vaccine opponents' or those who buy...

The company's products are gaining popularity among its customers who are looking for ways to manage workers forced to work from home following the Corona epidemic, company CEO Eran Zinman said in an interview with him on Thursday. In the media, he said. "We solve the same problems we used to solve, only now that we are more accurate when we work from home," said Roy Man, co-founder and CEO of the company. The growth associated with the Corona epidemic "accelerated" plans to double the company's workforce by the end of the year to 720 employees, Mann said. Established in 2014, Monday has...

The IEC reported a loss in the second quarter of 2021. This, when in the background there was an increase in demand for electricity compared to the same period last year. According to the company, the second quarter of the year is usually characterized by low profitability or loss due to "seasonal effects". That is, in the second quarter, which occurs in the spring months, power consumption is generally low due to the mild weather. The company reported a loss of NIS 33 million in the second quarter, compared to a loss of NIS 474 million in the second quarter of 2020. In the first half of...

Prime Minister Yair Lapid and Economy Minister Orna Barbibai announced on Monday evening that they had agreed on a more moderate and gradual increase in the price of bread. The price of the uniform sliced ​​bread will increase by 5.5% instead of 11% as previously planned. The price of challah will increase by 8% instead of 21% and the price of flat bread will increase by 5% instead of 36%. Another increase in price will take place in the month of December, when the price of the uniform sliced ​​bread and the price of challah will increase as determined by the price committee, while the...

Ashstrom Group, a prominent player in the construction and infrastructure sector with a market value of around NIS 5.5 billion, has released its financial results for the second quarter and the first half of 2023. Despite a challenging business environment, the company demonstrated stability and growth across its diverse portfolio

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...

Citizens paid NIS 3.6 billion that they did not have to pay to the tax authorities in the years 2013-2019. This is according to the State Comptroller's report published on Tuesday. The report also states that the Tax Authority did not act to correct the many deficiencies found in the previous report regarding the exercise of public rights in the tax field. The tax they deserve, so they did not use it and paid the state treasury more tax than the law obliges them, and moreover: the tax authority does not have the details of the bank accounts of half a million Israelis at all, who may very...

Economy Minister Orna Barbibai and Emirati Economy Minister Abdullah bin Tok al-Marie signed a free trade agreement with the United Arab Emirates in Dubai. The Ministry of Economy estimates that the volume of trade between the two countries, which now reaches almost $ 900 million a year, is expected to grow in the coming years to about $ 3 billion a year. The United Arab Emirates is the first Arab country with which Israel has signed a full free trade agreement. The free trade agreement was made possible after the normalization between the two countries under the Abrahamic Agreements in...