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Israel government has initiated a relief program to support citizens affected by the war. However, the plan has drawn significant criticism for its limited scope and perceived inefficiency.Starting today, war-affected citizens can submit initial requests for assistance, with grants ranging from NIS 1,000 to NIS 5,000. The Ministry of Finance is expected to develop a comprehensive economic plan, including measures requiring approval from the Knesset's Finance Committee. The estimated cost of this program is approximately two billion shekels

The rate of population growth in Israel is harming the attempt to improve the education system. Between 2012 and 2019, the budget of the Ministry of Education increased by 67%, but the increase in the number of students eroded the increase so the budget per student increased by only 21%. This is according to the annual education report of the Organization for Economic Cooperation and Development (OECD) published today (Monday) and referring to the 2019 budget data

H2PRO, which develops technology for producing green hydrogen, is currently in the midst of a $ 70 million round of funding. The leading investor in the current round of funding is Temasek, a Singapore-owned holding company that manages the country's wealth fund with $ 283 billion in assets. In September 2020, Temasek acquired control of the Rivolis drip irrigation product manufacturer from the Pimi Fund at a company value of $ 456 million. It is estimated that the current round of funding for H2PRO will be based on a company value of $ 250-300 million before the investment

Teva is embarking on an extensive cut at the Teva Tech plant in Ramat Hovav. The plant, which produces active ingredients for medicines, employs almost 700 workers, but by nature in the last years of the crisis in the company, its utilization has dropped to only 20%. The main reasons for this are a significant drop in sales of Copaxone, Teva's flagship drug for multiple sclerosis that the plant produces its active ingredients as well as the lack of major launches of generic products. The dismissals agreed with the committee will begin in 18 months, meaning they will take effect in January...

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

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

The food chains are preparing to raise prices as early as next week. The price index of Stornext, which increased in the first 9 months of this year by 4.4% compared to the same period last year, is expected to jump in the next update, in view of the demand of various suppliers, including Sano, Unilever, Terra, Gad Dairies and Diplomat Company, to raise the prices of their products at a rate that reaches up to 25%

The Early-Stage Accelerator Fusion LA Will Invest $ 110K In Israeli Start-Ups. Established in 2017, Fusion LA has invested in 36 Israeli companies. 6-9 companies are accepted into the program every 6 months and go through a 9-week mentorship program, with free office space in Santa Monica and a vast network of US-based investors and executives in Silicon Valley and Los Angeles Applications for Fusion LA new cohort are open, and each company accepted into the program will receive $ 110,000 cash investment. Fusion is targeting Israeli start-ups looking to commercialize their products and...

The tax authority has started chasing Israelis holding accounts abroad. The Authority began investigations following information transmitted to Israel as part of the extensive exchange of information with European countries. The Tax Authority has arrested three Israelis - Aharon Winkler, Shai Tzur and Maya Bankov-Tzur - on suspicion of failure to report overseas bank accounts and other tax offenses. The three were arrested as part of two different investigations conducted by Diamond Unit and Mole Investigator Haifa and Northern Investigations, after their names were included in a list of...