Articles

The number of job seekers is declining, and is very close to the levels recorded on the eve of the Corona crisis. This is according to the Employment Service report for January 2022 published on Tuesday. According to the report, in January the number of jobseekers active in the employment service was 168.8 thousand, very close to 164 thousand registered in February 2020. In fact, this is the lowest number since The outbreak of the crisis. The data of the Employment Service actually correspond with the Central Bureau of Statistics reports regarding January, according to which in January the...

The Economics Committee approved on second and third reading the amendment to the Traffic Ordinance, which would allow experiments in autonomous cars without having an operator in the vehicle. According to the Ministry of Transportation, this will allow the experiments to start this year. The number of vehicles in the experiments will be limited to 500, according to the proposal of the chairman of the Economics Committee, MK Michael Bitton (blue and white). The committee decided that many regulations would become an addition to the bill, to allow for their speedy enactment. Transport...

Israeli high-tech companies employing workers in Ukraine are in a major crisis. It is estimated that Israeli high-tech companies employ about 15,000 workers in the country, the vast majority of whom are developers. Ukrainian developers have become in demand due to being skilled workers seeking lower wages than is customary in Israel, as well as due to the fact that the flight distance is short and the time zone is the same. Even before the Russian invasion, start-ups began offering their workers in Ukraine packages of assistance or assistance in moving to another country. For example,...

The economic blow that Russia will suffer from the sanctions will cause sub-shocks, because the global economy is very integrated today. Even overseas vacations will increase as a result, due to rising prices for insurance, jet fuel, and a possible shortage of flights. We may be able to give up the neighborhood baker's cookie box after it becomes more expensive, The military - wherever we turn. Inflation is an economic phenomenon that has been almost completely absent from the world for three decades. Captivation is worrying - it erodes the value of money and income of employees....

After three days of fighting, Western countries have agreed to impose the most severe sanction on Russia: cut off (not all) Russian banks from the Swift system, the World Interbank Financial Communications Association. This means that funds will not be able to flow out of and into the Russian financial system. The decision was supported by the European Union, Canada, the United Kingdom, France, Germany, Italy and the United States, which initially opposed it. This is a very extreme step. The decision was made to take "drastic measures" against Russia. "We will make sure that these banks are...

The Ministry of Finance will assist in a particularly limited program with the exception of the self-employed who were partially injured as a result of the spread of the Omicron strain in the past two months. The pressure of small and medium-sized self employed businesses did not seem to help. Finance Minister Avigdor Lieberman announced in the Knesset that the outline formulated by the Ministry of Finance to assist small and medium-sized businesses up to a turnover of NIS 60 million per year will be limited and will include maximum assistance of NIS 600,000 only for businesses damaged by...

Thousands of Israelis are trying to escape from Ukraine, which is fighting heroically in Russia. Last night he was accidentally shot by an Israeli while making his way from Kiev in a convoy heading for Moldova in an attempt to leave the country fighting the Russians. Roman Brodsky was killed and an effort is now being made to fly his body to Israel. He worked in Kiev for about two years and lived there. His father, Yafim Brodsky, said that in recent days Roman had reported to him about the escalation. "All the time we are only getting worse and worse. At night they sleep in the underground...

Work has begun on establishing TERA PARK Ashkelon - the largest high-tech park in Israel. The park will offer thousands of new jobs, a new and advanced transportation center and a vibrant urban axis of recreation and leisure; Ashkelon's new flagship project is launched and turns a vision into reality. The Ashkelon Municipality, through the Ashkelon Economic Company and with the support of the Israel Land Authority, has begun work to establish TERA PARK Ashkelon - the largest high-tech park in Israel that will serve as a center for innovation, science and business and change the employment...

In 2021, the average wage in the economy was NIS 11,773. An increase of 2.3% compared to the same period last year and an increase of 9.2% compared to 2019 before the outbreak of the corona crisis. On the other hand, in the high-tech field, the average salary was NIS 26,494 - 2.25 times, according to data from the Central Bureau of Statistics published on Thursday. In December, the average wage in the economy was NIS 12,142, an increase of 7% compared to the previous month. This concludes a year with great volatility in the average wage resulting from changes in the labor market following...

The General Security Service announced on Friday that it had reached agreements with the security authorities in the United Arab Emirates that would allow Israeli companies to continue flying to Dubai. Last month, there was concern that the activity of Israeli airlines on the Israel-Dubai route would be stopped next week, due to a security dispute between the security authorities in Dubai and the Israeli aviation security system.