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The Histadrut provides El Al with additional assistance in the amount of NIS 10 million, through the Histadrut-owned business assistance fund. Avi Edri, the trustee of the Histadrut's a transportation and aviation portfolio, admitted in a conversation with Ynet that this is a rare amount of assistance. He said: "There are factories that turn to aid and we find that they can survive without us - so they do not receive aid, but that is not the case with El Al. If we did not support the company, it would have closed. This is the company that has been hit the hardest

Less than two years after the outbreak of the corona crisis in Israel, for the first time, the basic number of unemployed in Israel fell below the level that was on the eve of the spread of the plague. In the first half of January this year, there were only 148.3 thousand unemployed in Israel, which is 3.5% of the labor force. This is compared to 160,000 unemployed and 3.8% unemployment at the beginning of 2020. The Central Bureau of Statistics (CBS) reported on Monday that the broad unemployment rate, which includes the unemployed due to Corona-related causes, did not fall in the first...

The economy continues to recover. For the first time since the start of the Corona crisis, the percentage of unemployed in the Central Bureau of Statistics' expanding calculation fell from 10%, to 9.6% in the first half of May. The percentage of unemployed in the limited calculation used by the Treasury fell to 6.7%. This is according to data from the Labor Force Survey published by the CBS. However, it is likely that in the second half of May, in which Operation Wall Guard was conducted, the downward trend in the unemployment rate was halted

The Ministry of Health announced that for the first time seven cases of an Indian mutation of the Corona virus were identified in Israel among unvaccinated citizens who returned from abroad. The ministry said there was still no clear information regarding this variant and its implications for the vaccinated and recovering. The cases were identified using the National Genomic Flooring Array. In its announcement, the Ministry of Health emphasized the importance of isolating returnees from abroad to Israel, especially from countries where morbidity in Corona is severe. Prof. Galia Rahav,...

The chief economist at the Ministry of Finance predicts that 2022 will end with a revenue surplus of NIS 70 billion compared to the projected revenues when preparing the state budget. According to the latest macroeconomic forecast of the Chief Economist, all revenues in 2022 will amount to NIS 456.6 billion, compared to a forecast of revenues of only NIS 387 billion when preparing the state budget. This surplus, mainly due to an increase in tax revenues, led to a significant reduction in the deficit, which in May reached almost 0% relative to GDP. The surplus revenue is what has allowed...

The Ministry of Transportation and the Tel Aviv Municipality have announced that the new central station in the city will continue to operate in the coming years. According to the agreement between the parties, the evacuation of the station will be completed within four years. Within about two years, about 50% of the activity at the station will be transferred to bus terminals to be built on Harash Street and on the Tel Aviv-Holon border. Sources involved in the matter doubted that the plan would actually be implemented within the defined time periods, and estimated that the activity at...

Cellcom reported the results of the first quarter of 2022, in which it continues the positive trend and shows the highest profit in the last 20 quarters - NIS 28 million, this is the first report under the new CEO Daniel Sapir. Available foreign cash amounted to NIS 52 million, with a growth of 31,000 mobile subscribers in the first quarter compared to the previous quarter, a growth of 6,000 Internet infrastructure subscribers in the first quarter compared to the previous quarter, and a growth of 2,000 TV subscribers in the first quarter compared to the previous quarter

The Arab and mixed cities continue to lead the list of cities with the highest rates of job seekers even in February. This emerges from data published today (Tuesday) by the Employment Service. Of the ten cities with the highest rate of job seekers in Israel, on the second anniversary of the Corona crisis, six are Arab, one mixed (Acre), and three more from the northern and southern periphery - Dimona, Safed and Tiberias. At the top of the list is Umm al-Fahm, which is the only city with a rate of job seekers higher than 10%, with a rate of 10.1% in February. It was followed by Rahat with...

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

The recovery in economic activity in Israel continues, according to two indices published today. The first is the Accountant General's announcement that the cumulative deficit in the last 12 months reached the end of June reached 10.1% in relation to GDP, which is NIS 144.6 billion, compared with 10.5% at the end of May. The second figure comes from another division of the Ministry of Finance, the Tax Authority, which reports an increase in imports to Israel, an increase that indicates an increase in private consumption. The Accountant General's announcement in the Treasury also shows...