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The price of the economic corona: The government debt has reached almost a trillion shekels. In 2020, government debt increased by about 20% and stood at NIS 984 billion each, compared to NIS 823 billion last year. The government deficit more than tripled during 2020 and has reached unprecedented proportions since the 1980s. Add to this the dramatic drop in tax revenues recorded at the beginning of the crisis and the ongoing budget, it will be possible to understand the magnitude of the event that took place in the offices of the Accountant General Unit, responsible for providing funding...

The night closure on Purim took effect tonight (Thursday) at 20:30 and will last until 05:00. Among other things, it will be forbidden during these hours to leave the house for a distance of more than 1,000 meters and stay in other houses. Public transportation will also be reduced, and as always in Israel, the outline for restrictions on lines was published at the last minute. The night closure will also apply on Friday and Saturday, but not on Sunday - then Shoshan Purim will be celebrated in Jerusalem. The government has approved the restrictions for fear that as last year mass...

The economic blow that Russia will suffer from the sanctions will cause sub-shocks, because the global economy is very integrated today. Even overseas vacations will increase as a result, due to rising prices for insurance, jet fuel, and a possible shortage of flights. We may be able to give up the neighborhood baker's cookie box after it becomes more expensive, The military - wherever we turn. Inflation is an economic phenomenon that has been almost completely absent from the world for three decades. Captivation is worrying - it erodes the value of money and income of employees....

Cisco's second acquisition in Israel in three months: The American company acquired the Israeli start-up Epsagon for $ 400 million. Epsagon was established four years ago and is developing a platform for identifying and fixing faults in cloud applications. Epsagon was founded by Nitzan Shapira and Ren Rabensaft, and raised $ 30 million over the years. Prominent investors in the company include Lightspeed, Stagevan, Deutsche Telekom Partners and USVP, as well as the founders of Armis Nadir Jezreel and Yevgeny Dibrov

A recovery in demand for executive jets, maintenance services, and aircraft conversion led to a further increase in IAI's revenues and operating profit in the third quarter of 2021. IAI, which is managed by Boaz Levy, earned $ 28 million in the third quarter of 2021, a decrease of 3% compared to the same quarter in 2020. IAI's revenues grew by 3.5% in the last quarter compared to the same quarter in 2020 and amounted to $ 1.04 billion. The increase in the Company's revenues was due, among other things, to an increase in the revenues of the Military Aircraft Division, which develops and...

The largest Israeli IPO on Wall Street is underway. Monday has completed its initial round of funding and will begin trading today in New York at a value of $ 6.8 billion. The IPO closed at $ 155 a share, above the original range, promising a $ 573 million raise for the company. The stock is expected to be traded on NASDAQ under the symbol "MNDY". Monday is a work OS, through which organizations of all sizes can create the tools and processes they need to manage every aspect of their work. Monday enables an efficient and intuitive way to manage teams, projects, business processes, complex...

A general strike in the midst of the corona crisis is approaching. On Sunday, talks between the heads of the Histadrut and the department in charge of salaries at the Ministry of Finance came to a dead end, regarding wage cuts planned by the Ministry of Finance for the public sector. The contacts have reached a dead end and the current situation is that Finance Minister Israel Katz intends to bring the austerity plan to the government's approval on September 13 - and on the same day the Histadrut plans to shut down the economy altogether. Following the explosion of talks, Histadrut chairman...

Prime Minister Naftali Bennett is promoting the abolition of most corona restrictions by early next month. Bennett sought to examine the issue of removing the restrictions added in the omicron wave in an initial consultation that had already taken place, in which it was decided that the removal of all restrictions should be gradually examined. In a discussion held by the Ministry of Health on Wednesday evening, a list of recommendations was formulated for changes in the guidelines that will be presented to Bennett tomorrow: cancel the corona test abroad before returning to Israel, and...

The consumer price index rose in June, according to forecasts, by 0.4%. The rise in the index in June accelerates the rate of inflation in Israel and it now reached 4.4% - a record since March 2011. The most significant price increases were recorded in transportation items, which increased by 2.4%, housing, which increased by 0.7%, culture and entertainment, which increased by 0.7%, and health, which increased by 0.6%. On the other hand, due to seasonality, there were significant price decreases in the vegetable and fruit sections, which decreased by 8.5% and clothing and footwear, which...