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The Minister of Finance, Avigdor Lieberman, announced that he had instructed his ministry to formulate a bill to repeal the levy on the employment of foreign workers in the economy. According to Lieberman, the bill will be submitted immediately after the budget is approved - as early as 2021. The current law requires every employer of a foreign worker to set aside 15% of the worker's salary. The purpose of this duty was to reduce the incentives for employing foreign workers. Lieberman now intends to reverse the trend, on the grounds of lowering the cost of living. "Taxation on the...

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 and Finance Minister Israel Katz met with representatives of the Independents on Friday afternoon, with the aim of preventing the big rally scheduled for Saturday evening in Rabin Square in Tel Aviv. Despite the compromise attempts, the organizers renewed the required license from the police and it will go as planned. Netanyahu, who presented the "Corona safety net" program on Thursday, spoke with one of the organizers, restaurant representative Roi Cohen, and other representatives who complain about the government's handling of the economic crisis...

The OECD has published an optimistic forecast according to which the Israeli economy is expected to grow by 5% this year, and by 4.5% in 2022. Although current growth forecasts for the global economy (5.8%) and the countries of the organization (6.3%) are higher than for Israel, it is worth considering two additional data: The decline in Israel's GDP as a result of the corona crisis was lower than in the world and the West Of 3.5% and 4.8% respectively), but the expected growth rate next year is higher in Israel than in the rest of the world and the Western world (as mentioned, an increase...

After eight years of parking, Israel is back on the map with the Nobel Prize - but as in the previous time, this time too it is a "semi-Israeli" win: Prof. Josh Angrist from MIT, an Israeli-American, became the 13th Israeli to win the most prestigious award , Even though he dropped out of his first year as a graduate student at the Hebrew University. The announcement in Stockholm of Prof. Angrist's win joins the winning of 12 other Israelis. So far, the prize is awarded annually to selected personalities for their contribution to science, literature, and humanity as a whole, the author SY...

Another corona year has passed and the patterns of Internet use in Israel continue to surprise: The screen managed us this year as well - in one day we spend an average of 3.2 hours in front of the TV, 2.4 hours surfing the net, 2.1 gaming, and another 2.8 hours in which we scroll endlessly on social networks. WhatsApp is the undisputed queen - 90% of Israelis over the age of 18 are not willing to give up using the messaging app. At the time of the international glitch on meta servers (formerly Facebook, which owns WhatsApp), 25% of respondents chose not to communicate with other people....

The Bank of Israel, headed by the Governor, Prof. Amir Yaron, announced today (Monday) an increase in the basic interest rate in the economy from 0.1% to 0.35%. In doing so, the predictions were confirmed that the Monetary Committee is expected to raise interest rates for the first time in three and a half years. Some experts even thought that the bank might raise the interest rate to 0.5% at once, but this forecast did not materialize. Following the increase in the basic interest rate, the prime interest rate will also rise this coming Thursday, after the banks are preparing for a change,...

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...

Only NIS 16 million will be allocated at this stage for the benefit of performing professional training and placing workers in required professions in the industry and construction industries with government funding. In the past, there have been statements from senior members of the economy that vocational training will need to be allocated hundreds of millions of shekels and even more, in order to return the hundreds of thousands of unemployed to work after the severe corona crisis. With the significant reopening of the economy after the third closure, tens of thousands of workers are...

The number of job vacancies in April was about 130.3 thousand, and this is again the highest estimate observed since the beginning of the survey in 2009. This is according to data from the Central Bureau of Statistics. According to the data, along with the broad opening of the economy last month, the number of job vacancies actually continues to rise, with the previous record also recorded in March with about 112,500 job vacancies. According to the data, the vacancy rate in April was 4.86% compared to 4.63% in the previous month. The vacancy rate in the hospitality and food industries...