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The volume of construction starts in the 12 months between April 2019 and March 2020 decreased by 2.3% compared to the 12 months preceding the period under review; This is according to the CBS data released Thursday. This is a period whose end was marked by the beginning of the restrictions in the economy due to the spread of the Corona, whose real implications can only be understood in the summary of May-June. During the period examined by the CBS, the construction of approximately 51,000 apartments began, and after 2019 was characterized by a mixed trend and in 2018 there was a 3.2%...

The Knesset plenum this evening (Monday) approved the bill to postpone the approval of the state budget by 120 days. The proposal was approved with the support of 67 MKs, including the Likud and Blue and White, compared to 37 opponents. As a result, the Knesset will not be dissolved and a fourth election campaign will be prevented within two years. According to the bill, the determining date for approving the budget will be December 23. NIS 11 billion will be added to the state budget for 2020, and the total updated budget is NIS 411 billion. The addition will be used, among other things,...

The Bank of Israel estimates that the government's decisions to move to a stricter closure, which will reduce attendance at workplaces and completely close jobs that receive an audience and the education system, will entail a cost of NIS 3.5-3 billion a week for the economy. This is in contrast to the Bank of Israel's estimate of the cost of the least tightened closure, which began at the end of December, which was NIS 2.5 billion a week. The new decisions join, of course, the existing restrictions on leaving the house up to a distance of 1 km, cultural activities, banquet halls, etc

Ben & Jeris Israel can continue to sell ice cream all over Israel and Judea and Samaria: a significant achievement for Ben & Jeris Israel and owner and CEO Avi Singer: In an agreement signed with the global company Unilever it was agreed that the Israeli company will continue to produce and sell ice cream all over Israel including Judea And Samaria.The arrangement ends the dispute between the parties. Ben & Jerry's Israel (American Quality Products), owned by Avi Singer, announces today (Wednesday) the signing of an agreement with the international company Unilever, which ensures the...

Tensions between Arabs and Jews in Israel reach negative highs in two acts of Lynch in Acre and Bat Yam. In Acre, a Jewish man was beaten and seriously injured. In Bat Yam an Arab man was beaten and seriously injured. In Lod, the riots continue despite the curfew coming into effect, riots began in Bat Yam with members of "La Familia", and also in Tiberias, Haifa and Acre it was not quiet: a 30-year-old Jewish citizen was fatally injured in a lynching attempt in Acre when he was attacked with sticks and stones. MDA staff evacuated him to the Galilee Medical Center in Nahariya. At the same...

The average mortgage amount decreased in September by about 3% compared to August to NIS 914,000. This is according to data from the mortgage market published by the Bank of Israel. This is the second month in a row that the average loan for the purchase of an apartment has decreased, after the peak recorded in July and stood at NIS 954.2 thousand. However, the average mortgage amount in September 2021 was 19.7% higher than in September 2020, when it stood at NIS 763,000

The Israeli mortgage market continued its upward trend in August, with total mortgages reaching NIS 8.36 billion, according to Calcalist estimates. This marks a 19.2% increase compared to August 2023 and a 32% rise compared to the 12-month average of NIS 6.32 billion

In a response to the recent conflict in the Gaza Strip, two major Israeli banks have unveiled plans to provide relief to homeowners located in areas near the border. Bank Hapoalim and Mizrahi Tefahot Bank are offering mortgage payment exemptions to residents affected by the hostilities, in addition to the broader outline provided by the Bank of Israel earlier this week

Clal Holdings announced to the stock exchange on Sunday evening the purchase of the MAX credit card company from the controlling owner, the Warburg Pincus Fund, for NIS 2.47 billion. The parties have already signed the memorandum of understanding in preparation for due diligence, and in the end they are expected to sign the agreement. To the extent that the transaction is completed, Warburg Pincus will exit Max three years after acquiring control of it at a value of NIS 2.5 billion from Bank Leumi as part of the adoption of the recommendations of the Strum Committee, which stipulated that...