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The competition authority decided to reduce the administrative fine it is considering to impose on Coca-Cola Israel for the abuse of monopolistic power and breach of the terms of a merger with Neviot. This emerges from a revised letter of hearing sent today to the Central Bottling Company, which markets Coca-Cola products in Israel. According to the amended version, the Authority decided to retract its intention to impose a fine of NIS 340,000 on the CEO of the distribution company, Nir Levinger.The decision on the amended fine is also subject to a hearing, according to the Authority, for...

In its semi-annual financial stability report, the Bank of Israel has issued a warning regarding potential adverse effects on Israel's economy in the medium term. The report highlights two main factors impacting the country's financial system: the continuous tightening of monetary policy through interest rate hikes, and a slowdown in global economic growth alongside difficulties in the global banking system

The price of fresh ground beef at Shufersal has surged by 17%, highlighting a broader trend of rising meat prices across the market. As of this Sunday, the cost of fresh, chilled ground beef at Shufersal has jumped from NIS 28 per kilogram in 2022 to NIS 69.90 per kilogram—a more than twofold increase

The state of Israel is not properly prepared for an earthquake. Most hospitals in the north are not earthquake-resistant; 2,350 schools operate in buildings that are not earthquake-resistant; 99% of the public buildings that require reinforcement have not yet been strengthened. In fact, only 52 public buildings have been reinforced in the past decade, 50 schools and two hospitals have been partially renovated. State Comptroller Joseph Shapira's report on "preparedness for earthquakes - buildings and infrastructure" published revealed the enormous destruction expected in Israel during a...

The Chinese-Israeli MRC Group, consisting of China's China Harbor and Israel's Mivtach Shamir and Rafak, is the winner of the giant tender for the purchase of the Alon Tavor power plant. The company beat six competitors and will purchase the station for NIS 1.9 billion. This is the first time a Chinese company has been entering conventional electricity generation in Israel. The station is supposed to be transferred to the group until the end of 2019. There is a large gap between the price offered by the group and the estimated shelf price of the station, which is around NIS 800 million....

In a recent OECD report, Israel has claimed the unenviable top spot for the highest cost of living among member countries, with prices soaring 38% above the OECD average. Despite efforts to mitigate the impact through compensatory measures targeting specific voter groups, experts argue that the underlying issue of economic centralization remains largely unaddressed