Articles

The Knesset's Finance Committee approved the law to reduce gender gaps in the labor market and raise the retirement age for women. Under the bill, the retirement age for women from age 62 to age 65 will be raised, over 11 years. The committee has approved a number of tools to make it easier for women to integrate into the labor market or reduce harm. The total cost will amount to about NIS 1 billion. The following are the various measures set forth in the law that will enter into force in January 2022 and were approved by the committee and the Knesset members who dealt with the issue, in...

324 Israelis were diagnosed yesterday (Saturday) as positive for Corona - the lowest daily number diagnosed since July 10. By comparison, last Saturday 740 positive for the virus were diagnosed and two weeks ago 1,039. The coefficient of infection decreased slightly and stands at 0.73. According to data from the Ministry of Health, about 33,500 corona tests were performed yesterday and the positive rate is 0.98%. This is the first time since July 10 that the positive rate is less than 1%. It should be emphasized that the low number of tests is also due to a sharp decline in the demand for...

Finance Minister Avigdor Lieberman announced today that "immediately after the budget is approved, we are going to launch a large amount of 26 projects in the field of infrastructure, transportation, water, and energy amounting to NIS 110 billion, not including the metro. About NIS 50 billion will be funded by the private market (PPP). - SG). "If we released the first PPP project 20 years ago, now we will release NIS 50 billion in projects here for the private sector - this should bring further impetus to the Israeli economy, which will allow the economy to grow, and bring more employment

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

The government is considering advancing legislation that would make it possible to require corona tests, according to which if a person does not perform the test as required, he will be charged with a criminal offense that will be enforced by a fine - according to a government law memorandum distributed tonight (Monday) by the Ministry of Health. This is a very unusual proposal, which states that "the possibility" of advancing the legislation is being considered to "address a situation of concern about the outbreak of a dangerous strain of the corona virus, such as a vaccine that is less...

Teva missed market forecasts for the third quarter. The Israeli pharma company concludes the quarter with revenues of $ 3.8879 billion, a decrease of 2% compared to the corresponding quarter last year - analysts expected revenues of $ 4.03 billion. Revenue was hit mainly by the decline in Copaxone sales in North America, which was partially offset by the growth of the generics and over-the-counter pharmaceutical sector in Europe. Net income was $ 292 million or 26 cents a share, lower than forecast, compared to a loss of $ 4.34 billion or $ 3.97 per share in the same quarter last year -...

After a long period of information leaks, Intel officially announced the launch of Alder Lake, the new generation of PC processors. This is the 12th generation of Intel Core processors, the successor to the previous generation (Rocket Lake). The new series of processors will be designed for PCs, desktops and laptops. In a press release, Intel (+ 1.71% 137.1) estimated that the processors would generate revenue in the order of tens of billions of dollars. Intel's big challenge will be to prove that the new processors address and close the gaps with the new AMD and Apple processors

The ruling of the Lod District Court Judge, Shmuel Bornstein, may force Teva to pay additional taxes in the hundreds of millions of shekels. Judge Bornstein rejected Teva's appeal (-6.72% 2915) against an order filed by the Jerusalem Assessing Officer regarding the tax years 2008–2011. At the heart of the dispute between Teva and the tax authority was the question of whether Teva's use of tax-exempt profits for the acquisition of Ivax, Barr, Ratiopharm and Cephalon, in the cumulative amount of $ 27 billion (of which $ 18 billion in cash), expires Teva's tax exemption. Under the Capital l...

On Thursday night, the Finance Committee approved the budget laws for the years 2022-2021 for a second and third reading in the Knesset. Last minute: An additional NIS 91 million was agreed for the opposition in the coalition agreements. After approving the numerical part of the budget last night, the committee also approved the verbal part tonight, thus concluding the budget discussions and the Arrangements Law ahead of next week's Knesset votes. Today, discussions on the Arrangements Law are expected to continue in the various committees in the Knesset, prior to its approval there as...