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The Knesset approved the the State Budget for 2019. 62 Knesset members supported the budget and 54 objected. The total budget - NIS 479.6 billion. This represents an increase of 4.3% compared with the 2018 budget and an increase of 24.9% compared with the budget of 2015. The forecast growth for 2019 will be 3.1%

The current high-rainfall winter is a blessing for farmers across the country, but the weather, especially the stormy weather last week, also caused major damage to crops. Data from Kent, the fund for the insurance of natural disasters in agriculture, shows that since the beginning of the month the company's situation room has received more than 550 reports of damage to various crops throughout the country. According to preliminary estimates by Kent assessors, the damage since the beginning of January alone is estimated at more than NIS 40 million. However, some of the damages can be...

Takeaway.com, whose shares are traded on the Amsterdam Stock Exchange, has announced that it has signed an agreement to acquire Ten-Bis from co-founder Tamir Carmel for a cash payment of 135 million euros (NIS 575 million). This is a multiple of 10 on the company's revenues

Netafim, a world leader in precision irrigation, is in the advanced stages of implementing a regional development project and training it for agricultural cultivation in eastern Rwanda. The joint venture between the Rwandan government (90%) and Netafim (10%) will establish water infrastructure and prepare land for the purpose of leasing it to local farmers and foreign investors in agriculture. Netafim will also be the operating contractor for the project, whose total investment in its first phase is $ 60 million, and Netafim's share in it reaches $ 50 million. Netafim, managed by Gabi...

Shari Arison is on her way out fron Israel. The announcement of the separation from Bank Hapoalim comes after Arison sold the controlling interest (47%) in the real estate and infrastructure company, Shikun U'Binui, to American businessman Nati Sayidoff for NIS 1.1 billion. Arison put on its shelf the additional holdings in Israel - Salt Industries, which it acquired from the Dankner family. She strives to stay with her maintenance in the American shipping company Carnival Cruise, controlled by her brother Mickey Arison

Earlier this week, more than 500 farmers' reports of large-scale damage caused by the various storm events that occurred in January were received in Kent's State Chamber of Agriculture (pronunciation: KANAT). Initially, the damage is estimated at more than NIS 50 million. It should be noted that the damage dimensions will only be determined later after farmers, and Kent estimators, can enter the flooded fields. Also, the kind of damage that we experienced from high winds and heavy rainfall has implications for the continued development of the various crops so that the final damage...

The working week in Israel is shortened by one hour and the next month will be 42 hours. This is in accordance with an order extending the decision to all employers in Israel as well. Minister of Labor and Social Affairs Haim Katz signed the extension order and the move was led by Histadrut chairman Avi Nissenkorn. The move to shorten the work week was made possible by a general collective agreement signed a year ago between Histadrut Chairman Avi Nissenkorn and the chairman of the business organizations Shraga Brosh.

The Teva plant in Netanya will be closed by the end of next year, and about two hundred and forty workers will be fired. This was the decision of the Company's management. The laid-off employees are part of the 1,700 employees the company decided to lay off at the end of last year. The Nature Plant of Netanya produces the active part of various drugs, and is considered less profitable. Shaul Amsterdsky writes that this production activity is expected to be pressured into Israel Billionaire Warren Buffett is investing in the Israeli drug manufacturer Teva. Buffett's investment company,...