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The Corona Cabinet approved by telephone the outline formulated by the Ministry of Justice for the pilot for the opening of the malls, which is expected to begin tomorrow, Friday. The layout has created legal difficulties, because it initially includes the opening of only 15 malls, and therefore harms the value of equality. To solve the difficulty, the ministry proposed a combined solution, according to which six large malls across the country would be selected by the Malls Association, and another nine would be selected by lottery. Six malls from the two major groups that will be opened...

The scope of the use of digital wallets and smart watches reached a peak of NIS 3.2 billion in May: 2.7 times compared to its scope in May 2022, according to SBA data, which develops and manages the national credit card payment system in Israel. Two years ago, in May 2021, Apple Pay entered Israel and was the first international company operating in the field. In the months before that, a number of local digital wallets were operating, but the scope of use was only tens of millions, and when Apple Pay was introduced, the scope of use was only 150 million shekels

The ratio between the number of jobseekers and the number of job vacancies fell in February to 1.1, the lowest figure since 2009. This is according to the employment market pulse report of the employment service. This means that 1.1 employees applied for each position, and this ostensibly indicates the possibility of almost every employee finding a job. For comparison, at the beginning of 2021, about 12 job seekers competed for each vacancy. This is the best ratio since 2009, and much better than the one recorded in Israel on the eve of the crisis (1.7)

At the Alon headquarters in the Home Front Command, efforts are being expanded to curb the corona virus, in light of the recent outbreaks of the Delta strain across the country. "The increase in morbidity is abnormal compared to what we expected," says a senior official at the headquarters, "because it is not just in children." He stressed that the headquarters is conducting "aggressive operations", which include sending epidemiological investigations and sampling to each outbreak point, and even increasing the number of investigators by about 500. However, for now there is no intention to...

The Central Bureau of Statistics today publishes an amazing statistic regarding the number of vacancies in the economy. According to the CBS, the number of job vacancies was about 112.5 thousand jobs in March, which is the highest estimate observed since the beginning of the survey in 2009. The highest estimate so far was 106.5 in May 2017. The vacancy rate for March is 4.43% compared to the average vacancy rate of 3.59% in 2019 and 2.47% in 2020. There has been an increase in the number of job vacancies in all sectors of the economy surveyed compared to the 2020 average, and the most...

The recovery of the economy is much broader than expected. April recorded a record state revenue for this month from taxes in recent years. Despite the holidays, total tax revenue in April 2021 was NIS 30 billion. The data, which will be officially published on Sunday, show that this is an increase of close to 30% compared to the state's tax revenues in April 2019, before the corona crisis, which amounted to NIS 23.6 billion. In April 2020, of which the first closure was for 19 days, tax revenues were particularly low at NIS 21.9 billion. The increase in tax revenues last month is due to...

Prime Minister Naftali Bennett and Health Ministry Director General Prof. Nachman Ash announced Sunday that the government is preparing to purchase Pfizer's drug for Corona patients in Israel. Why is it different from previous epidemic treatments, how effective is it, who will receive it and in what dosage, and is Israel really lagging behind other countries in negotiations with the pharmaceutical company? Dr. Erez Gerty of the Davidson Institute, the educational arm of the Weizmann Institute, explains that “if the results are correct, there is a significant change here in the way we deal...

A new era began tonight in the financial world. After a long period in which most countries around the world had a particularly low level of interest rates, the US Federal Reserve raised the interest rate from 0 to 0.25% - to 0.25% to 0.5%, for the first time since December 2018. Despite previous estimates that the war in Ukraine could delay interest rate hikes - high inflation, resulting from rapidly growing consumption as the Corona crisis subsided, overcame the war and led to the beginning of US interest rate hikes. The implication of raising interest rates tonight in the leading...

More than 300,000 fines, with a total value of NIS 170 million, were imposed by the Israeli police on civilians for various violations of corona laws and regulations. So far, only about NIS 30 million has been paid, for 70,000 fines. The high number of fines and the burden imposed on citizens during a deep economic crisis raises the question of whether fines do achieve their purpose - deterring the public from violating regulations, and preventing the infection and spread of the corona virus. While the purpose of the laws and fines imposed for non-compliance is to maintain physical...

The Israeli company Demostack - which was the first to develop a platform for creating demos for sales teams of SaaS companies, has completed a $ 34 million B round of funding. Tiger Global Management led the round of funding, with the participation of Bessemer Venture Partners, Amiti Ventures and Operator Collective. A year ago, Demostack completed the $ 13.5 million A round of funding, and at the end of 2020, the company raised $ 4 million. In total, the company raised $ 51.5 million over the course of a year and a half