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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

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...

Bloomberg News says it is possible to measure when the epidemic will end based on the current vaccination rate. To this end, Bloomberg has built the largest database of vaccines worldwide, having already given over 119 million doses in various countries. Scientists in the United States, including Dr. Anthony Pauchi, who was one of the top members of the Trump administration's team to deal with the corona virus, estimate that around 70 percent to 85 percent of the population needs to be vaccinated so we can return to normal life. The Bloomberg Surveillance Index shows that in some countries...

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...

The long-standing Alliance factory in Hadera, a key manufacturer of patented tires, will be permanently closed, Japanese multinational corporation Yokohama announced last month. The closure, set for December 31, 2024, follows a significant decline in orders, attributed to Israel's loss of its competitive edge in transportation, the company explained

The government-approved emergency restrictions last Thursday, as part of the fight against the spread of the Corona virus, will officially take effect as of Sunday at 8 a.m., which includes some changes from the document released this past week. Before the official document, Prime Minister Benjamin Netanyahu discussed Saturday's need to tighten restrictions in order to reduce house exits. This, after hundreds of civilians in the middle of the country took to the streets, and spend the beach and municipal parks - despite the Ministry of Health's anti-rallying guidelines. At present,...

Government legal advisor Avihai Mandelblit responded Saturday to claims that seclusion from overseas has been avoided due to legal bureaucracy: "The adviser has not delayed or prevented the government from acting according to the needs, as presented, regarding the isolation of those returning to the country from abroad. In false and false briefing. " The court statement said on April 2, 2020, the government approved an amendment to the Emergency Regulations (New Corona Virus) (isolation rather than state isolation), 1920, authorizing the Ministry of Health to order that every person...

In a recent report published by accounting and consulting firm PwC Israel, the state of the Israeli high-tech sector in 2023 reveals a significant downturn, with exits amounting to $7.5 billion—a stark 56% decrease compared to the previous year. This marks a substantial 91% decline from the record-breaking $82.5 billion in exits witnessed in 2021

The company IBC Unlimited launched a home internet infrastructure on optical fibers that can reach a speed of up to 10 gigabytes thanks to XGS-PON technology. In the first phase, consumers will be offered a speed of up to 5 gigabytes. The move will require customers to replace end equipment (router)

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...