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When Avigal Soreq was appointed CEO of El Al in January 2021, he explained that as a Zionist, he felt the need to meet the challenge of rescuing the national airline and was even willing to absorb a dramatic drop in his salary compared to the salary he received as VP of US Delek. 14 months have passed since then and when he submitted his resignation today (Monday), other songs were heard from Whistler. Sorek explained that in recent days he has received an offer to be appointed CEO of a US $ 1.5 billion-traded Delek Street company. To Delek US where he grew up and worked for 10 years,...

After Finance Minister Avigdor Lieberman claimed yesterday that rental prices had not risen significantly, the Knesset approved the establishment of a committee to examine the rental housing market under the Economics Committee, headed by MK Yevgeny Soba, a Knesset member of Lieberman Yisrael Beiteinu's party. The faction because he did not know at all about the establishment of the committee and not about the appointment of MK Soba. The committee that will be established will also include MK Limor Magen Telem (Yisrael Beiteinu) and MKs Ron Katz (Likud) and Uri Maklev (Torah Judaism)....

The Israeli economy contracted in the first quarter of 2020 by 6.9% at an annual rate, after an increase of 4.6% in the fourth quarter of 2019. This emerges from the third estimate for the first quarter published today (Monday) by the Central Bureau of Statistics (CBS). The negative development of the quarter was affected Directly from the corona crisis and the government's steps to halt the spread of the virus, which slowed economic activity. The CBS 'first estimate predicted a contraction of 7.1% in the quarter and a second estimate of 6.8%. The sharp decline in car imports intensified...

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,...

According to data released today by the Central Bureau of Statistics, the average salary for an employee position in Israel increased by 5.1% in 2024, reaching NIS 13,514 compared to NIS 12,863 in 2023. This growth significantly outpaced the consumer price index (CPI), which rose by 3.2% during the same period. However, this wage increase also has a downside for National Insurance benefits, which are linked to the CPI and are expected to be eroded by approximately 2%

The consequences of the corona crisis and how it will be managed will continue to accompany the Israeli economy for a long time. In 2021, a further contraction in the economy, a mass closure of businesses and an increase in the number of high-risk businesses were forecast. The main victims will be small and new businesses, and those that have rejected loan repayments to banks. This all comes up in a review conducted by business information firm Dun & Bradstreet for TheMarker newspaper. The review shows that 2021 is expected to be the second consecutive year in which the economy has shrunk,...

The Supreme Court, headed by Justice Noam Solberg, granted a petition seeking an amendment to regulations to prevent essential stores, which may operate on closing days, from selling non-essential products. The petitioners are companies that operate through franchisees businesses around the country, selling toys and similar products - they argued that the current policy, which allows the sale of non-essential products, while selling essential products, violates equality, without justification, and without achieving a proper purpose