Popular Articles

The government is expected to approve at its weekly meeting on Sunday a plan to promote and expand economic ties between Israel and Egypt. The plan was formulated following visits by the Prime Minister, the Foreign Minister, the Minister of Economy and the Minister of Energy to Egypt over the past year, as well as the Egyptian Foreign Minister's visit to Israel. Among the goals of the program: assistance to significantly increase long-term and broad-ranging engagements between companies, organizations and governments of the two countries; Significantly increase knowledge exports, civic...

10,202 people have been diagnosed positive for Corona in the last day - according to data from the Ministry of Health published today (Monday). This is a verified record since April 4th. 168 patients are hospitalized in critical condition - a 95% jump within a week. The total number of infections in the last week has also jumped by 55%, and stands at more than 55,000. The rate of positive tests stands at 39% - almost the highest since the outbreak of the plague, explained by the fact that only patients are tested. There was also a slight increase in the adhesion coefficient of infection...

After the recovery from the corona crisis, which led to sharp growth in the Israeli economy, the data published indicate a contraction of 1.6% in GDP in the first quarter of 2022 compared to the fourth quarter of 2021, in annual terms (ie, the result would be . The decline is in contrast to some of the preliminary estimates, which predicted a 2% increase in GDP in the first quarter. The decline in GDP may affect a series of policy decisions that are due to be made soon. The closest decision is that of the Bank of Israel's Monetary Committee next Monday regarding the interest rate in the...

The unemployment rate in Israel is still very low, but at the same time, the volume of layoffs in high-tech is beginning to affect the numbers of high-tech workers looking for work. According to data released today (Monday) by the Central Bureau of Statistics (CBS), there has been a slight decline in the unemployment rate in the past month, from 3.5% in May to 3.4% in June, which is 146.5 thousand unemployed - a very low figure in Israel. In May there were 150.6 thousand unemployed, which is 3.5% by international definition. At the same time, the employment service today released new data...

After the peaks in demand for high-tech registered last year, new data indicate a one-year low in the number of vacancies in the industry. The vacancy report for May-July published by the Central Bureau of Statistics (CBS) shows that the number of vacancies for engineers in general decreased by 8% to 14,963 in July compared to the previous month, and that the number of vacancies for software developers decreased by a more significant rate of 11% , for 10,130 jobs. This is the second month in a row in which the number of jobs in high-tech is decreasing, after about three months in which the...

Following the criticism in recent days, Finance Minister Israel Katz instructed the professionals in his office to expand the outline of compensation to be given to businesses as part of the Wall Guard operation, so that businesses within 40-80 km of the Gaza Strip border will also be entitled to compensation. In the cities involved, any business owner who was injured during the riots and closed for at least 7 days will also be able to receive indirect compensation beyond the direct compensation. As part of the new outline that will be submitted to the Finance Committee for approval next...

The Innovation Authority's report shows that Israeli high-tech workers, who constitute about 10% of the employees in the economy, are responsible for about sixty percent of the income tax receipts from employees in Israel. According to the report, the high-tech companies are responsible for 43% of Israeli exports and 40% of the value of the companies in the Tel Aviv 35 index of the large companies on the Tel Aviv Stock Exchange. The employees of the R&D centers of the multinational companies in Israel are relatively responsible for tax payments that are six times larger than their share...