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The Ministry of Communications imposes a high fine on Hot after it thwarted the wholesale market reform. The ministry imposed an unusual fine of NIS 6 million on the cable company. The fine was imposed after the Ministry of Communications, according to the Ministry of Communications, prevented the implementation of the reform for about a year, and made it difficult for Internet providers without infrastructure to lease infrastructure segments and market them to consumers. The wholesale market reform required Bezeq and Hot to allow competitors to ride on their infrastructure. The reform...

The district court today (Wednesday) rejected the appeal filed by Twitter against a decision given in September in the Magistrate's Court - in which it was determined that Linoy Bar-Geffen could file a defamation lawsuit against the company in Israel. The lawsuit, for NIS 300,000, was filed by Bar Geffen in 2019 against Twitter (+ 3.89% 47.72) - after she asked her twice to remove an abusive and blatant tweet posted against her and her partner - and was denied. Only after contacting lawyer Guy Ophir and he turned to Twitter, the tweet was removed. According to Bar Geffen, her inquiries...

A report by the Ministry of Finance reveals that there are too many teachers in Israel, and the worst ones are very difficult to fire. The average starting salary for teachers reached NIS 5,287 (gross) per month in 2020, according to data from the department in charge of salaries and employment agreements in the Ministry of Finance. This is a salary given in the average scope of work for beginning teachers (the salary for a full-time job is NIS 8,474, but beginning teachers are not employed full-time). Like other reports concerning the Israeli education system, the report of the...

Israeli cybersecurity company Check Point Software Technologies kicked off its first full quarter under new CEO Nadav Tzafrir with solid financial results, modestly exceeding analysts’ expectations. The company reported a 7% year-over-year increase in revenue, reaching $638 million—right in the middle of its forecasted range and slightly above market predictions of $636.2 million. Net income climbed 9% to $246 million, or $2.21 per share, surpassing analysts’ expectations of $2.19 per share

Just before 2018, last year's 4 million tourist visit to Ben Gurion Airport ended this week, an 11% increase over the number of tourists who entered Israel in 2017. Direct revenues from tourism in 2018 amount to about $ 22 billion A rise of about 13% in revenues compared with the previous year According to Ministry of Tourism data, most of the countries have seen an increase in the number of entries to Israel, especially China and Russia, two countries that are in the top ten countries in incoming tourism in Israel, According to the ministry's data, in the first 11 months of the year there...

The State of Israel ended January with a budget surplus of NIS 5.9 billion. That's how the Treasury published. Among the reasons for the big surplus - managing the state through a temporary budget and higher than expected tax revenues. According to the Treasury announcement, government spending in January reached NIS 27.7 billion. January's state revenues were pleasantly surprised and reached NIS 33.6 billion, a figure that reflects a nominal increase of 11.9% compared to January 2019. This is a figure that could indicate improvement in economic activity, however, as today's senior deficit...

The Central Bureau of Statistics (CBS) publishes data for August, according to which the unemployment rate in the labor force is about 5.4%, compared with 5.1% in July. The labor force rate of employed persons who were temporarily absent from work all week for reasons related to the Corona virus, plus the unemployed stands at 9.8% (10.3% in the previous month). The proportion of non-employed people who stopped working due to dismissal or job closure from March 2020, plus the employed who were temporarily absent from work all week due to Corona virus-related causes, along with the...