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A 41% increase in the number of bankruptcy applications filed from the beginning of 2020 to mid-November compared to the same period in 2019. This is according to a report by the Commissioner of Insolvency Proceedings in the Ministry of Justice, the state-responsible body for managing and supervising individual bankruptcy proceedings. Dissolution and recovery of companies and creditors' arrangements. Data reflecting an increase in bankruptcy filings indicate that following the Corona crisis, many businesses and individuals find themselves in financial turmoil and having difficulty staying...

Last November, the new Shufersal ONLINE website was launched, offering a personalized customer shopping experience. On the site you can find the online mall scene where you can find a rich variety of products in the fields of electricity, electronics, home and garden furniture, textiles and home decor, BE products and cosmetics from the BE chain and more. Offers and discounts are available at the Shufersal Online website throughout November. For example, a Dyson V11 Wireless Vacuum Cleaner at NIS 1,899 (instead of NIS 2,199), Wireless Headphones Air Pods 2 iPhone at NIS 599 (instead of NIS...

The housing market is boiling: According to a survey by the chief economist at the Ministry of Finance, Shira Greenberg, 14.1 thousand apartments were purchased in August alone, the highest level since the historic record in June 2015. This is a 31% increase compared to August last year and an 8% increase compared to last July. It should be noted that the level of transactions in August 2020 was high in itself against the background of a jump in investor purchases, after the purchase tax was lowered at the end of July that year. The survey shows that investors bought about three thousand...

Bank Leumi announces what it defines as a "unique and groundbreaking consumer move in the banking system": private customers with a current account at Leumi will enjoy an annual interest rate of 1% on the plus balance in the account - a significant benefit that does not exist in any other bank in Israel. The interest will be paid on a current account balance of up to NIS 10,000 to salary transfer customers with a mortgage at Leumi, or to salary transfer customers with a monthly transaction turnover of at least NIS 3,000 on a Leumi credit card or to salary transfer customers with a...

For the first time since the closure was imposed, thousands of people demonstrated on Sunday evening against Prime Minister Benjamin Netanyahu in Paris Square, near his residence on Balfour Street in Jerusalem. This is the 14th demonstration in a row since a protest began against the continuation of his tenure under indictments and against the background of the failures to deal with the corona plague. During the demonstration, police arrested a suspicious driver who was driving toward police checkpoints and stopped creaking as he approached police. The driver, a resident of Jerusalem in his...

A research group from the School of Engineering and Computer Science at the Hebrew University, under the direction of Prof. Amnon Shashua, has succeeded in proving mathematically that methods leading the field of artificial intelligence can help to understand phenomena in quantum physics, "This is an exceptional event in which the leading scientific journal in physics publishes the work of researchers from another field - computer science, and we are at a turning point in which computing power and methods Modern artificial intelligence, allow cross-domain contribution, and for example will...

Most of the banks in Israel again did not pass on the full interest rate increases to citizens' deposits, the Bank of Israel published today (Sunday) a first comparison between the average interest rates given by each of the banks in Israel in practice for deposits and for credit. The data is expected to be updated once a month, thus helping the public to compare the conditions given by the various banks and, if necessary, to bargain and even switch banks. However, while the data may help customers compare, it does not present a complete picture

Despite the corona crisis, the closure and the High holidays, the number of transactions in September 2020 was among the highest recorded in September in the last twenty years, both in terms of total transactions and those made in the free market only. This is according to data from th chief economist at the Ministry of Finance. The numbers indicate that last September 9,600 apartments were purchased (including price-per-tenant apartments), unchanged from September 2019 and a decrease of 11% compared to the high level of transactions recorded in the previous month. These are particularly...

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,...