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The Bank of Israel announced Sunday a number of measures that ostensibly signal an increase in credit risks in the real estate market. The possible significance of this step could be the rise in interest rates that banks will charge on loans to purchase high-leveraged land. The Supervisor of Banks, Yair Avidan, said that "in light of the increase in risk appetite and the banking system's exposure to the construction and real estate industry, we have recently instructed the banks to hold appropriate discussions on the matter with their boards of directors and management

The Ministry of Transport has started operating a dedicated travel lane for private cars that travel more than one passenger. The project was announced three weeks ago under the name "Path Plus", under which Route 2 was specially trained for a 22-kilometer route, between the Netanya interchange and the Galilee interchange, in both directions, where public transport and vehicles with at least two passengers (driver and passenger) will be allowed. At the same time, on Route 20, a special route for public transport and private vehicles with at least three passengers (driver and two passengers)...

In a surprising turn during a recent Supreme Court hearing, judges delivered strong criticisms against the Tel Aviv municipality and residents opposing gender-segregated prayer in public spaces. The judges’ unusual intensity left representatives of the city and their supporters taken aback

The average mortgage amount reached a peak of NIS 975,000 in March - another step up in mortgage activity, which reflects the increase in apartment prices and the leverage of bank customers, in light of the rise in apartment prices. This, is without a corresponding increase in the equity of apartment buyers. Investors finance the increase in total mortgages by increasing repayments and increasing the average duration of the mortgage repayment. Data from the Bank of Israel show that 13,780 mortgages were taken out in March - an increase of 15.5% compared with February, which mainly reflects...

The Israel Postal Company begins their first cooperation with Swiss Post, which aims to identify technological solutions to the common challenges facing postal companies worldwide in the field of online commerce and logistics. The company is currently inviting start-ups and Israeli enterprises to offer advanced technological solutions that will meet the needs of both postal companies. This move is led by Maya Calderon, VP of Innovation & Business Development, Israel Postal Company, as part of the strategy to promote technological solutions, local business development and embracement of...

The Ministry of Health announced last Sunday that from midnight to 10:30 pm, another 299 Querna patients were diagnosed in Israel. A total of 23,755 cases of corona virus infection were detected in Israel since the beginning of the epidemic, of which 6,363 are currently active (not including recovering and dying). The death toll rose to one in 318 people, the number of patients in severe condition decreased by two to 39, of which 22 were respiratory. The condition of 60 of the active patients is moderately defined. Yesterday there was another drop in the number of tests and 8,572 -...

The Supervisor of Banks is promoting a new outline for deferring debts in respect of consumer loans and mortgages. In the current situation a borrower who was interested in a deferral received it from the banks automatically with the help of principal payments of the debt in respect of consumer loans and mortgages. According to the outline, it appears that there will be no sweeping postponement of payments - and from now on it will be done differentially

The big party of the gay community: The 23rd Pride Parade in Tel Aviv was launched at noon (Friday) from the gathering stage at Sportek North in the city. More than 80,000 people attended the event. "We are here each and every one of us to celebrate our colorfulness, to demand our right to security in the public space, to show ourselves and our right to full equality of rights in the State of Israel," said Tel Aviv-Yafo Mayor Ron Huldai, who launched the parade with Hila Peer, Yu. R. Partner of the Association for the LGBT. The parade passes through Rokach Boulevard and will reach the show...