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Elbit Systems reports another huge deal, in which it will provide the European country with intelligence systems for $ 660 million. The contract will be performed over a period of four years and includes a maintenance period of an additional ten years. Most of the revenue will be recognized over the four years of delivery of the orders, and some will be recognized throughout the maintenance period

Data from the Employment Service published on Thursday show that already this week the ratio between those fired and those going on vacation without pay and those who have already returned has decreased. Thus, in the fourth week of quarantine for every ten registrants in the employment service, 1.3 job seekers returned to the labor force, while in the fifth week, the ratio almost doubled, with every 2.3 registrants returning to work 2.3 job seekers. Either way, it seems that the trend will be reversed as early as next week and more workers will return to work than go on vacation and be...

Thousands of people celebrated from Saturday afternoon at the flea market in Jaffa - but the police arrived to disperse them only after about three hours. The partygoers, most of them in costumes, crowded the narrow alleys of the market, taking drinks and food they had taken at takeaways. Inside the crowd there were also spontaneous parties with music heard from the businesses, with the partygoers dancing - almost no one kept their distance or put on a mask. Later, the celebrations in the market resumed on another street. The police claimed that police officers from the Jaffa station had...

At a meeting of the Finance Ministry's management this morning, Finance Minister Avigdor Lieberman announced that after a discussion with the ministry's professionals, he approved in principle Israel's joining the proposed digital economy taxation outline, ahead of the outline approval by the OECD designated committee on June 30, 2021. Lieberman: "The economy is becoming more and more global and we are required to take policy measures in cooperation with other countries. The Ministry of Finance will work to ensure that the Israeli economy meets international standards in various fields,...

The Ministry of Health updated Friday that 2,479 people were diagnosed in Corona last week - a figure that is about half the week before, when 5,011 people were diagnosed with the virus. This is the lowest figure since June 2020. The total number of people infected in Israel since the outbreak is 833,707. Also, 56 people died this week - after 93 people died last week. This is the lowest figure since November. The total death toll from the virus is now 6,220. In the last day, 331 people have been diagnosed with corona carriers. Out of 35,768 tests, the positive rate is 1%. The test data...

The Knesset's Labor and Welfare Committee approved the understandings reached by the Minister of Finance, Avigdor Lieberman, and the chairman of the Labor and Welfare Committee, MK Efrat Reitan, who agreed to participate in financing the expenses of the self-employed during the days of isolation. This is an addition to the layout of the isolation days for the self-employed by increasing the daily rate given for an isolation day to NIS 570, an increase of 33% to the original amount of NIS 430, which was based on the tariff set in the Wall Guard operation. The announcement was made to the...

A new estimate, the second this year, of the Central Bureau of Statistics (CBS) on the Israeli economy, indicates a worsening in the decline in the gross domestic product in the first quarter by 1.9%, compared to the estimate published last month, according to which growth in Israel was only 1.6%. It should be noted that the gross domestic product per capita recorded a more significant decrease of 3.5% due to the increase in the population. Hogg argues that two consecutive quarters of negative growth indicate the beginning of a recession, but at present, there is no data on the second...

The Israeli cyber giant Check Point presented its second-quarter report and managed to overtake the analysts' forecasts in the key indicators: the company's revenues jumped by 9% to 571 million dollars, and the diluted earnings per share (the key figure in this article which is Non -GAAP) was $1.64, compared to average expectations for revenues of $560 million and earnings per share of $1.62

The Indian strain of Corona virus was found in five students from different schools in Israel. This is according to data from the Ministry of Health's situation assessment report distributed this morning (Thursday). The schools where this variety was located are: Dekel Vilnai and the field plant in Ma'ale Adumim, paths in Pardes Hanna, Keshet in Ashdod and Yosef in Holon. To date, the Ministry of Health's national genomic flooring system has identified 41 cases of Indian variant, of which 24 are from abroad (21 foreigners) and 17 cases in the community, some of which have no connection to...

Elbit Systems, managed by Bezalel Machlis, won a $ 1.65 billion contract to build and operate a Greek Air Force flight training center as part of an agreement signed between the Israeli Ministry of Defense and the Greek Ministry of Defense. As part of the contract, which will be executed in the next 20 years, the company will provide new M-346 (Lavi) training aircraft and will strengthen the entire training squadron array, consisting of dozens of M-346 and T-6 (Efroni) training aircraft. Elbit Systems will also provide an innovative layered training avionics to be installed on the...