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The state aid scheme for airlines, which are suffering from a loss of revenue due to the omicron, is finally closed. The government approved the Ministry of Finance and Transportation's proposal to provide increased assistance in the amount of $ 85 million to the three airlines: El Al, Israir and Arkia. This is after according to the outline formulated in November, the assistance to the companies was supposed to amount to only $ 41 million - that is, an increase in the assistance by $ 44 million

A review by the chief economist at the Ministry of Finance indicates that in Israel, the corona crisis did not lead to a wave of resignations and a mass exit from the labor market. According to the review, as of June 2022, the employment and participation rates in Israel have somewhat exceeded their pre-crisis level. The employment rate of those aged 15 and over in June 2022 was 61%, 0.1 percentage point higher than before the crisis, and the participation rate (63.4%) exceeded its pre-crisis level by half a percentage point. Nominally, the number of participants in the labor market in June...

The Israeli high-tech industry does not stop breaking records. According to Start Up Nation Central (SNC), a company that connects the Israeli high-tech industry to organizations and investors from around the world, start-up companies in Israel have raised over $ 10.5 billion since the beginning of the year - the amount raised in 2020 as a whole. In the last few days alone, Gong and Verbit have announced huge fundraisers of $ 250 million and $ 157 million, respectively. The huge fundraising phenomenon of high-tech companies coming close to their other fundraisers is another feature of the...

324 Israelis were diagnosed yesterday (Saturday) as positive for Corona - the lowest daily number diagnosed since July 10. By comparison, last Saturday 740 positive for the virus were diagnosed and two weeks ago 1,039. The coefficient of infection decreased slightly and stands at 0.73. According to data from the Ministry of Health, about 33,500 corona tests were performed yesterday and the positive rate is 0.98%. This is the first time since July 10 that the positive rate is less than 1%. It should be emphasized that the low number of tests is also due to a sharp decline in the demand for...

The number of unemployed dropped to 292.2 thousand - still almost double the number on the eve of the corona crisis, at the beginning of 2020, which amounted to only about 160,000 unemployed. New data published by the Central Bureau of Statistics shows that in the first half of November the number of unemployed decreased, by broad definition, compared with the second half of October, by about 16.4 thousand. This is a particularly high rate of return to work - from 308.6 thousand in the second half of October to 292.2 thousand in the first half of November. The rate decreased from 7.3% for...

Perimeter 81, which develops advanced cloud solutions for network management and security, announced the closure of a third round of funding (Round C) worth $ 100 million, at a value of $ 1 billion. The fundraising round was led by the American fund B-Capital, and was attended by ION Crossover Ventures, Toba Capital, Insight Partners and Entree Capital. Among the existing investors in the company: Spring Ventures, led by Aviv Refuah and private investors. The round of funding completed last weekend puts the total capital raised by the company at $ 165 million. Founded in 2018 by Amit...

Gross domestic product (GDP), at constant prices and after deducting the seasonal effect, increased in the third quarter by 2.4% on an annualized basis compared with the second quarter (0.6% on a quarterly basis). Compared with the third quarter of 2020, it increased by 5.9%, according to the Central Bureau. According to statistics, the gross domestic product per capita increased by 0.5% on an annual basis. The Central Bureau of Statistics explains that the relatively moderate increase was also due to a decrease in passenger car imports compared to the second quarter (partly due to the...

Starting this May, some 3,600 IEC employees will be allowed to work from home regularly for two days a week. This is according to an agreement signed between the Electric Company, the person in charge of wages at the Ministry of Finance, the Companies Authority and the workers' organization. According to the agreement, those employees whose work allows it will be allowed to work from home (subject to corona status), when one of the two days will be mandatory and the company's sites will be closed for efficiency reasons. On the other working days of the week, the employees will come to the...

The escalation in relations between Russia and Ukraine and estimates that the situation could explode in the coming days, prompted this week the Israeli high-tech companies and the manpower companies that work with them, which together employ about 15,000 workers in Ukraine. The companies were organized ahead of time for temporary evacuation of workers and their families within the country (from east and south to west); For their transfer to neighboring countries such as Poland and Bulgaria; As well as finding alternative workspaces in case of need and providing satellite internet in case...

The government is expected to discuss the budget bill tomorrow and it will approve it. This is the first time that the Israeli government has approved a budget in the last three years. A political majority for a budget is guaranteed after 17 government ministers pledged to support it. The ministers demand budget increases of NIS 12-14 billion a year, they will criticize various items, the discussion will continue until late at night until Monday morning, but in the end the budget must be approved by the government. It was initially planned to continue the budget discussions on Thursday,...