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Paz will acquire Freshmarket, controlled by Shlomi and Yossi Amir, for NIS 2.1 billion in cash (80%) and shares (20%). The transaction reflects a 14% premium on the value of a fresh market on the stock exchange. Simultaneously with the decision to acquire Freshmarket, the Paz Board of Directors decided to reject the two proposals it received for the acquisition of control of the company by Leumi Partners and by Shikun VeBinui. Leumi Partners offered to inject NIS 1.055 billion, in exchange for an allotment of 20% of Paz's shares at a company value of NIS 3.85 billion - and an option to...

Crowds of Israelis in parks and bathing beaches also expressed distrust on Saturday in the third closure that went into effect on Sunday afternoon and remained on paper only. When this is the situation, Prime Minister Benjamin Netanyahu will hold a discussion next week on the issue of imposing a tight and short closure that "will allow a quick opening of the economy." It was also reported that Netanyahu continues to hold talks with the heads of the pharmaceutical and vaccine companies in order to allow the vaccinations to continue at the fastest pace in the world. Netanyahu is interested...

The Knesset plenum approved the state budget laws and the 2025 economic plan in a first reading late Monday night. The budget, totaling approximately 609 billion shekels, aims for a deficit target of 4.4%. The approval came amid significant political tensions surrounding disagreements within the ruling coalition

68% of Jewish workers are confident that they will return to work at the end of the Corona crisis, compared to 42% among Arab workers, according to a survey by the Israeli Democracy Institute. The survey was conducted the week before Passover, between March 29 and April 2, among a representative sample of the working population in Israel. The survey was initiated, drafted and analyzed by the Center for Governance and Economics at the Israeli Institute of Democracy, assisted and methodologically supervised by the Guttman Center for Public Opinion and Policy Studies, when field sampling was...

At the Ichilov Hospital in Tel Aviv, construction of the new emergency department, which is the emergency room, began. Construction is expected to last for three years, and its completion is expected to be the emergency room of the largest and most magnificent Ichilov Hospital in Israel. It will include the large number of beds and CTs, a short hospitalization department and designated tracks. The cost of building the emergency room is about NIS 200 million. Philanthropist Silvan Adams has donated $ 20 million. Professor Roni Gamzo, hospital director, said that Ichilov is the best,...

After quite a few rejections, the Israeli astronaut Eitan Steva was sent into space tonight (Friday) together with three other astronauts from the space base at Cape Canaveral in Florida. Tomorrow, the four are expected to arrive at the International Space Station on a 200-hour mission. A few minutes before the launch, Steve said in Hebrew: "A few days before we celebrate Independence Day, we take off. Good luck AX-1, good luck 'Sky'." A SpaceX broadcast said that the first stages of the launch were successfully completed, including the separation of the first stage launcher from its...

The profits of New-Med Energy (formerly Delek Drilling), Yitzhak Tshuva's gas company that owns about 45% of the Leviathan reservoir, soared in the third quarter of the year. The partnership also reported record profits in the third quarter of the year thanks to record production of gas from the reservoir, and the increase in natural gas prices over the past year following the war waged by Russia in Ukraine. It recorded record profits in the third quarter of NIS 123 million. The company will distribute a dividend of NIS 50 million.

The Bank of Israel has published an analysis of the housing market in Israel. Expenditure on housing services is the largest expenditure component of households, buying an apartment is the largest expenditure of most households during their lifetime, and apartments make up about 50 percent of their asset portfolio. Therefore, the rise in housing prices over the past decade has placed the housing market at the center of public discourse and government policy. All of these point to the importance of understanding developments in the housing market and the need for tools to analyze it. A...

The total number of new mortgages granted by the banks in Israel in November is NIS 10.98 billion, an increase of 2.5% compared to NIS 10.7 billion in October, according to data from the Bank of Israel. Since the beginning of 2021, NIS 104 billion in mortgages have been taken out - further evidence that 2021 is a particularly strong year in the real estate market. During the third quarter. If in 2020 the total monthly mortgage taking averaged about NIS 6.5 billion, then 2021 is expected to end with a monthly average of NIS 9.45 billion in taking out mortgages. This is despite the fact that...