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In response to the ongoing "Iron Swords" war, Israel's Finance Minister, Bezalel Smotrich, and Defense Minister, Yoav Galant, have unveiled a comprehensive financial aid package aimed at supporting the nation's reserve officers and those affected by the conflict. This financial relief package, contingent upon government approval, includes a range of benefits to ease the economic burdens resulting from the war

After a long and tedious process, which included going through and debating every comma and line of the 4,155-page document, the US House of Representatives joined the Senate in approving next year's US budget of $1.7 trillion on Friday. Members of Congress entered a frantic last-minute race to pass the budget Before Christmas, while the storm winds are raging outside and across the US the lowest temperatures have been recorded in years

Israel kicked off its 71st birthday celebration in the usual Yom Ha’atzmaut (Independence Day) style with cookouts, aerobatic shows, silly string, torch-lighting ceremonies and festive fireworks across the nation. In only seven decades, Israel has proven it’s possible to do the impossible at home and abroad, whether greening deserts with world-leading technological knowhow, rescuing people in distress in distant lands, or sending the smallest-ever spacecraft to the moon. Last year, ISRAEL21c brought you a timeline, “70 Years of Israeli achievement,” and a fantastic companion film, “70...

124,000 documents - which reached the British Guardian newspaper and was named The Uber Files. The paper shared the documents with the International Researchers' Organization, ICIJ, and through it with 180 journalists and 44 media outlets around the world including the Washington Post, the French Le Monde, the British BBC, and more. Guards, through journalist Uri Blau, is the Israeli representative in the project. In Israel, the leak raises the curtain over the company's attempts to infiltrate and the extensive array of connections, pressures, and lobbying it has activated

Green energy company Energix has revealed its largest deal to date, worth $1.5 billion, with American company First Solar. The agreement entails the purchase of solar panels with a total capacity of five gigawatts (GWp) for Energix's upcoming solar projects in the United States. These projects are scheduled to be built between 2030 and 2026

In a move that signals ongoing economic adjustments, the Israeli government has approved a second increase to the 2025 state budget deficit in less than a month. The revised deficit for next year’s budget has been set at 4.4%, up from the previously approved 4.3%, amounting to an additional 80 billion shekels. The decision to raise the deficit was almost unanimous, with the sole exception being Minister Gila Gamliel, who voiced her opposition

The tax authority is reporting an increase in the level of the purchase tax, according to the rate of increase in the index. In this case, in the case of a single dwelling, the minimum purchase tax threshold increased from NIS 1,696,750 to NIS 1,744,505, while in the case of another dwelling, if in 2019 an 8% tax on the value of up to NIS 5,194,225 was paid from the price of the apartment, then Tax is payable at this rate on the par value up to NIS 5,340,425. In light of the changes, unit-dwellers from January 16 this year will be charged with purchase tax according to the following steps:...

The Harel insurance group was selected by Japan's largest insurance giant Tokyo Marine Holidings to cooperate in locating Israeli high-tech companies in the fields of innovation and digitalization. According to the agreement, the Harel Group and Tokyo Marine will act to locate Israeli companies engaged in innovative technologies and services, and the Harel Group will have access to Tokyo Marin's leading technology infrastructure. The collaboration was led by the Deloitte consulting firm. Japan's Tokyo Marin Group is one of the leading insurance companies in the world. The company was...

A booking site has begun to present a full price including VAT to Israeli consumers who purchase hotel accommodation and vacations in Israel. This was after a legal proceeding conducted by the Consumer Protection and Fair Trade Authority against the successful international site, which also included a NIS 2.5 million fine already in 2017