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The directives announced by Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon in the shadow of the krona crisis will lead to a NIS 45 billion damage to the Israeli economy. That's how the chief economist of the Treasury, Shira Greenberg, estimates. Greenberg states that the measures announced to combat the spread of the Corona epidemic are expected to bring about a decline in GDP, estimated at about NIS 25 billion (representing about 1.6% of GDP). In addition, Greenberg estimates that the decline in GDP as a result of the measures announced until last weekend, alongside...

Credit rating agency Moody's released a report on Tuesday detailing developments in Israel's political landscape and their potential impact on the country's economy. The report raises alarm about the ongoing demonstrations and protests surrounding the coup d'état and highlights the risk of a constitutional crisis due to petitions against the bill submitted to the Supreme Court

The Ben & Jerrys affair, the ice cream maker that announced Monday that it will not sell its products in the territories, caused a great deal of controversy throughout Israeli politics. However, the company's original decision was even more decisive. According to an NBC report, the intervention of Unilever, the giant corporation owned by Ben & Jerrys, softened the statement. Yesterday, the company announced that it would stop selling ice cream in the occupied territories, and that it would not renew its franchise agreement, under which an Israeli company manufactured the ice cream at a...

Now it's official: starting in another three weeks, on January 17, the limit on taking out a prime interest mortgage will be removed, so that up to two-thirds of the mortgage on this component can be taken out. This is the cheapest component in a mortgage, but the borrower is also exposed to an increase in payment in the scenario of an interest rate increase. This relief will be relevant in three weeks to all apartment buyers (first apartment, housing improvers and investors). As for those who refinance a mortgage - he will be able to enjoy the relief a month and a half later - starting on...

Salesforce, the world leader in CRM and cloud services, has revealed data on the acquisition of millions of global users in more than 30 countries worldwide through transaction data generated from its trading cloud, billions of transactions through its marketing cloud and millions of consumer complaints received In its cloud service. The information has been enhanced with Salesforce's first research on consumer habits and consumer behavior (Shopper-First Retail) this year. This year, more than any other year and more than any other device israeli consumers turned to purchases through the...

The National Cyber directorate and the Ministry of Communications have inaugurated a control center that will provide a national response to cyber threats to the communications sector and to maintain its functional continuity. The inauguration of the center was attended by Yigal Ona National Cyber, Head of Communications David Amsalem and Director of the Ministry of Communications Nati Cohen. The center, which will begin operation in early February, is part of the National Cyber ​​Events Management Center of the National Cyber ​​Array located in the high-tech park in Be'er Sheva, and is...

The highest payed in government companies in 2018 was Rafael's CEO, Yoav Har Even, with gross salary of NIS 113,127 a month, followed by CEO of Electric Company Ofer Bloch with gross monthly salary of NIS 97,365. This is according to the annual report released this morning by the CEO of the government corporation, Yankee Quint, which includes 49 government companies. Other notable highlights: CFO of the aerospace industry earned NIS 94,380, chief labor officer at Haifa Port earned NIS 86,629, CEO of Aerospace Industries earned NIS 82,583 and a router at Ashdod port earned NIS 78,744 in...

In a report released today by the Chief Economist Division of the Ministry of Finance, February's real estate transactions depict a nuanced picture of recovery, particularly in the new apartment market. Despite challenges posed by the ongoing war, the data suggests a gradual rebound in certain segments of the housing sector

The struggle of the Lahavim plant in Galilee, which Pratt & Whitney wants to close and lay off 900 workers, is intensifying. The parent company wishes to transfer the activity of the distributor to the United States. The storm of layoffs and the closing of the plant in the north reached the finance committee in the Knesset: Martin Beaulieu, the vice president for operations strategy at the American company claimed that they did not find a buyer and that the plant lost 700 million dollars and will continue to lose until the closure. The Histadrut representative rebuffed him: "They want to...

The Industrialist Association of Israel and the Federation of Israeli Chambers of Commerce appealed to Finance Minister Moshe Kahlon against "the intention of the Israel Tax Authority to use a new measurement method (WLTP) as an excuse to raise new vehicle taxes. The two organizations are asking the Finance Minister to refrain from making decisions that lead to an increase in living in Israel and to adjust the measurement method, so that it will not lead to the increase of new vehicles