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The aerospace industry's management continues to prepare for the issue, despite demands from the workers' committee that is delaying it. The management, headed by CEO Nimrod Shaffer, presented to the company's board of directors a long-term equity compensation plan for the aerospace industry, which will be implemented when the issuance of 25% of the company's shares is implemented. The remuneration program includes distributing shares to RSUs (shortening Restricted Share Units) that will mature over several years. The plan is in the approval stages of the Government Companies Authority and...

The Bank of Israel has decided to maintain its key interest rate at 4.5% for the seventh consecutive time, reflecting the ongoing economic uncertainty and geopolitical challenges. The decision follows an upward revision of the state budget deficit for 2025 and persistent inflationary pressures within the Israeli economy

Gross domestic product (GDP) rose by only 1% in the second quarter of 2019, according to the first estimate for the second quarter, published by the Central Bureau of Statistics (CBS). This is a decline in the growth rate of the economy in the quarter, after an increase of 4.7% in the first quarter of the year, and in the fourth quarter of 2018, an increase of 4.2%. This is the first estimate made by the CBS for the second quarter, based on incomplete sources and expected to be updated later - in the estimate that will be published next month and in October. GDP contraction in Israel joins...

The Melnick state of the Israeli Economy Index fell by a cumulative rate of 11.7 percent in the months of ç 2020. Statistical difficulties, due to a break in the data series, and problems estimating the seasonal factors, do not allow the monthly declines of the index to be separated for the months of April and May. According to our estimate, the industrial production index and the revenue in commerce and services, seasonally adjusted, fell in April by 17.6 percent and 17.3 percent correspondingly (see note below). Imports of inputs for domestic production, which is a major component of the...

An expanded panel of the Supreme Court judges Thursday overturned a previous ruling in the court, stating that a woman who betrayed her husband should not be denied her entitlement to half the value of the house in which they lived. Were in the minority. The central question in which the judges ruled is whether infidelity could be a consideration in the decision to divide property between divorced spouses. In 2018, the High Court upheld the ruling of the Great Rabbinical Court in the case, thus strengthening its decision to consider treason in the division of property. Until then, the...

The Ministry of Communications published the 2019 Public Inquiry Report and the Public Inquiry Summary during the Corona crisis. The report segments the complaints received by the office during the spread of the Corona virus: March 15 through May 10. During this period, 1,526 complaints and inquiries were received - most in the area of ​​quality of service, with 884 complaints and inquiries in the corresponding period in 2019 - an increase of 73%. The cellular company that received the smallest number of complaints per 10,000 subscribers is Pelephone that leads with 1.4 complaints....

The Ministry of the Environment protection has summoned "Oil Industries" executives to a hearing on September 15 before the Haifa District Manager to voice their claims before revoking flammable hazardous materials and before issuing a administrative restraining order. This is in order to avoid a real danger and a significant fear of harming the public from the factory at risk from the warehouses that have been burnt and contain crisp asbestos deposits. The Ministry of Environmental Protection issued a warning this week to Oil Industries and its managers, warning of engaging in hazardous...

Today, all malls will close and, following their closure, the fashion companies have started taking workers on vacation without pay The Castro chain announced a complete shutdown of its operations except for online sales. Six thousand network workers were taken on leave pending a new announcement Hamashbir Consumer Network will also suspend its operations in the branches until after Passover. Hamashbir's employees will also go on vacation without pay. Our correspondent Amit Tomer says that the industry estimates that today more companies will announce a similar move

The 23rd Knesset dissolved and Israel entered a fourth election campaign within two years after failing to approve a budget for the State of Israel for 2020 until Tuesday at midnight. Meanwhile, the Constitution Committee unanimously approved on second and third reading the temporary directive for conducting the elections to the 24th Knesset during the Corona crisis. The Speaker of the Knesset, MK Yariv Levin, concludes the plenary session to dissolve the 23rd Knesset: Challenges, and yet also controversial.The controversies that exist in the public, found their expression naturally here...

Fox Group has released its financial results for the fourth quarter and full year of 2023, showcasing resilience and growth amidst challenging circumstances. The company's CEO, Harel Wiesel, expressed pride in the group's performance, highlighting strategic management and adaptability as key factors in achieving success