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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

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...

Progress regarding investor Eli Rosenberg on the way to obtaining a permit to purchase El Al. The Companies Authority will recommend to the state the granting of a permit to Rosenberg, subject to the discretion of the ministers holding the state's gold share in El Al. A letter sent by the director of the Companies Authority, Yaakov Quint, to Rosenberg's representative, CPA Aminach Rusk, states: , To agree that he will hold a rate in excess of 40% and that give him control over El Al. Subject to the state's decision, the issuance of the recommendations is said to be conditional on the PA's...

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 government will continue to function and the Knesset will not disperse tomorrow at midnight. This is after Prime Minister Benjamin Netanyahu said on Sunday evening that he accepts the compromise proposal to postpone the approval of the state budget by one hundred days. He said, "This compromise proposal is the right answer for Israel at this time. It is time for unity, it is not time for elections." Netanyahu added that "the government must be stopped within the government. I hear on the radio wild attacks on the prime minister out of blue and white, out of the government. I say: enough...

The CEO of Carrefour Israel, Uri Kilstein, is leading a NIS 50 million streamlining process in the company. Kilstein's presentation to the company's managers held on Sunday indicates that the plan will include layoffs, closing branches, and changing suppliers. The move is being made in a chain that is still branded under Beitan and Mega wines, in preparation for the transition to the Carrefour brand. The plan includes reducing the number of employees, currently numbering about four thousand, by 200-300 branch employees, most of whom are temporary workers and personnel workers. In addition,...

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,...