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The Solaredge company significantly exceeded analysts' forecasts, as well as the forecasts it provided to the market regarding its revenues in the first quarter of 2022, under the auspices of a surge in energy prices in the wake of the Ukraine war. However, the company missed earnings per share forecasts, due to the component crisis and the jump in transportation costs. Solaredge released a second-quarter revenue forecast for 2022 that was higher than market forecasts, and its stock responded with a 2% increase in late trading

The data published by the Central Bureau of Statistics (CBS) show that by narrow definition, the unemployment rate reached only 2.9% in the first half of April, compared with 3.4% in March and 3.8% before the corona crisis. Labor, stood at only 4.4%, compared to 4.8% in March, however, the employment rate was 61.0%, compared to 61.3% in the second half of March

At Mount Herzl in Jerusalem opens tonight (Wednesday) the celebrations of the 74th Independence Day of the State of Israel with the traditional beacon lighting ceremony - which for the first time in two years was held without any corona restrictions, and thousands came to the audience. This year, the ceremony was held under the banner "A hand meets a sister's hand," and 13 Israelis were chosen to light the 12 beacons symbolizing the 12 tribes of Israel. As a sign of consideration with the battle shocks, and as municipalities across the country have done, there will be no fireworks at the...

The long queues at Ben Gurion Airport where the Israelis stood during the week of Passover are also reflected in the data: in April this year, 685.6 thousand passenger departures were recorded abroad, close to the numbers before the corona eruption in 2019, when 798.7 thousand passengers left the country. On the other hand, despite a significant recovery, the increase in inbound tourism is still far from the data before the crisis and stands at about half of April 2019. Due to the Corona restrictions in 2020 as a whole, 887.1 thousand foreign arrivals to Israel were recorded, and in 2021...

The Israeli company Telrad Networks is sold to the Liquid Intelligent Technologies telecom group for about NIS 200 million in cash. The value of the deal is about 27% higher than the value of the company this morning on the Tel Aviv Stock Exchange. The deal is subject to the approval of most of Telrad's shareholders, and the company estimates that it will be completed within a few months. The largest shareholder in Telrad is the Fortissimo Fund, which holds about 41% of the company's shares. The transaction will take place in the format of an inverted triangle merger. The acquiring...

The Finance Committee of the Tel Aviv-Yafo Municipality has approved the doubling of the hourly parking fee in blue and white for visitors to the city center who are not residents. This will increase the price of parking from NIS 6.30 per hour today to NIS 12.60. The city council is expected to approve the change at its next meeting on May 23, and a month later it will take effect. The change in the tariff was made possible thanks to the "parking reform" that underwent the latest arrangement law, which, among other things, allowed the municipalities to raise the price of parking above NIS...

No plans, no manpower, no professional knowledge and no trust from the public - this is the bleak picture that emerges from the State Comptroller's report when it comes to dealing with the online crime law enforcement system (or cybercrime). According to estimates, in 2020 the global damage from cybercrime was about $ 6 trillion, and it is expected to reach $ 10.5 trillion by 2025. In Israel, the number of investigative cases dealing with cybercrime increased between 2016 and 2020 by about 250% to 8,821 Bags.

The Dor Alon Group, which owns the AM: PM and Alonit mini-markets, has launched a new supermarket chain called Extra Market in the TLV mall in Tel Aviv. The chain places emphasis on pastries, meat and fresh fish, and this is an urban chain, but the group insists that the prices are fair. "We are not an expensive chain. This is not the concept, this is not the goal," the group's CEO Oded Golan told Ynet. "We have 12,000 numbers. We are not open 24/7 like AM: PM, and we are cheaper in my opinion than Shufersal Deal, and certainly good taste and mega in the city. "By the end of the year we...

The State of Israel, through the State Attorney's Office, filed a NIS 340 million lawsuit against the Teva District Court for violating the state's intellectual property rights due to non-payment of royalties from the sale of Copaxone preparation in its renewed version for multiple sclerosis. The lawsuit was filed as part of the activities of the Civil Enforcement Unit of the State Attorney's Office, the Accountant General's Division of the Ministry of Finance and the Ministry of Health for the protection of state assets and rights, including intellectual property rights through civil law...

The Innovation Authority today released its comprehensive report for 2022, which raises a number of issues that are of great concern to the local high-tech industry. The State of Israel is failing to integrate ultra-Orthodox and Arabs into the high-tech industry in significant numbers, despite investing tens of millions of shekels in efforts to integrate them into high-tech. According to the report, Israel ranks first in OECD countries in terms of R&D expenditure relative to GDP. In 2019, Israel first crossed the 5% threshold in this index, and in 2020 the figure was already 5.44%. On the...