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Finance Minister Avigdor Lieberman begins work. The Minister announced today (Wednesday) that he is returning the criterion for maximizing earning capacity in order to receive a subsidy in day care centers worth approximately NIS 1,800 per child. It will be recalled that Foreign Minister Yair Lapid introduced this section when he served as Minister of Finance, but immediately after he ended his term, this section was repealed so that ultra-Orthodox families were no longer required to go to work to receive the subsidy. In order to encourage integration in the employment market, the Minister...

The crucial stage in curbing the corona plague is underway: Experts from the US Centers for Disease Control (CDC) have recommended approving Pfizer's childhood vaccines against corona for ages 5-11. Vaccinations for ages 11-5 will begin in the coming days after CDC Director Dr. Rochelle Wolenski confirmed tonight (Tuesday through Wednesday) the experts' decision. U.S. President Joe Biden referred to the CDC decision following Dr. Wolanski's final signing, saying it was "a turning point in the war against the Corona." According to him, the voting will begin in the coming days and will be in...

The Foreign Trade Administration at the Ministry of Economy and Industry will open a new economic diplomatic office in Abu Dhabi this summer, which will be a faith in the ties between Israel and the United Arab Emirates. The Economic offices will be a belief on behalf of the Ministry of Economy and Industry on strengthening trade and economic ties between Israel and the United Arab Emirates as well as on attracting foreign investment from the United Arab Emirates to the Israeli economy. Upon its establishment, this annex will join the system of economic annexes operated by the Foreign...

ZIM sums up a tremendous year: The sharp rise in global transportation prices jumped the profit of the transportation shipping company by 787% to $ 4.65 billion in 2021, compared to $ 524 million in 2020. Zim is controlled by Idan Ofer's Canon holding company - the company ended the fourth quarter with a net profit of $ 1.71 billion, compared to only $ 366 million in the corresponding quarter - an increase of 366%

For the first time since 1987, the government ended a calendar year with a budget surplus, not a deficit. 2022 ended with a surplus of 0.6% of GDP, following the sharp increase in tax revenues - compared to a deficit of 4.4% the previous year

The Ministry of Health announced today (Tuesday) that starting tomorrow, HMO insured persons aged 50 and over will be able to be vaccinated against the corona virus. The ministry said that the health funds should be contacted to schedule an appointment for the vaccine. Lowering the age of those allowed to be vaccinated comes at the same time as the teaching staff vaccination campaign that began today. 39,678 people were vaccinated against the virus yesterday, and so far 1.9 million Israelis have been vaccinated. Data from the Ministry of Health show that 73% of citizens over the age of 60...

The government price committee recommended on Wednesday evening to raise the price of supervised nurseries by a high amount of NIS 500 per month. Ynet has learned that the ministers of finance and economy will not approve the recommendation: "This is a disproportionate harm to the public of parents." Failure to raise the price may result in at least some nurseries not opening

Communications Minister Yoaz Handel and the head of the national cyber network, Gabi Portnoy, announced in a joint statement to the media, a series of measures that will require communications companies to prepare and implement cyber defense plans that will first include an orderly and unified system that will strengthen defense levels and actively prepare for cyber attacks. The decision was made after a hearing last August in the Ministry of Communications, according to which the licenses of the communications companies will be amended and provisions and a number of milestones will be set...

Prolonged shutdown of three power plants, for the purpose of carrying out maintenance and renovation work, resulted in a decrease in the operating profit of the OPC company controlled by the Canon company of the Idan Ofer group. OPC, which is managed by Giora Almogi, lost NIS 11 million in the second quarter of 2022, an 85% decrease in loss compared to the corresponding quarter in 2021. The second quarter, which is a transition season in Israel and the US, is the seasonally weakest quarter in OFC's operations. The company operates two power plants in Israel and controls (70%) the American...

Good news for the pharmaceutical company Teva. Teva's subsidiary in the United States has reached an agreement with the state attorney general of the state of Louisiana, which settles the state's lawsuits dealing with opioids. The agreement is subject to final approval by the state on November 1st. Under the agreement all the counties in the state release Teva from the claims as part of the arrangement. Under the terms of the arrangement, Teva will pay Louisiana $ 15 million over 18 years, and will provide an additional contribution of life-saving drugs, valued at $ 3 million (at retail...