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Israel Post today (Monday) approved the financial statements for 2021, against the background of the advanced negotiations for a recovery plan with the Workers' Committee. The reports show that the company is facing a loss of no less than NIS 175 million, after the company recorded a huge loss of NIS 643 million in 2020, 383 of which were set aside for expenses for retirement

When Avigal Soreq was appointed CEO of El Al in January 2021, he explained that as a Zionist, he felt the need to meet the challenge of rescuing the national airline and was even willing to absorb a dramatic drop in his salary compared to the salary he received as VP of US Delek. 14 months have passed since then and when he submitted his resignation today (Monday), other songs were heard from Whistler. Sorek explained that in recent days he has received an offer to be appointed CEO of a US $ 1.5 billion-traded Delek Street company. To Delek US where he grew up and worked for 10 years,...

Starting this May, some 3,600 IEC employees will be allowed to work from home regularly for two days a week. This is according to an agreement signed between the Electric Company, the person in charge of wages at the Ministry of Finance, the Companies Authority and the workers' organization. According to the agreement, those employees whose work allows it will be allowed to work from home (subject to corona status), when one of the two days will be mandatory and the company's sites will be closed for efficiency reasons. On the other working days of the week, the employees will come to the...

Positive news for Israelis: Disney + will be launched in Israel on June 16 and will be cheaper than Netflix's most expensive package. It is an international streaming platform that offers content such as movies from Disney, Pixar, Marvel, Fox, FX, National Geographic, and Star Wars, among others. The company said that "Disney + subscribers will have access to high quality viewing for up to four devices simultaneously, an unlimited number of downloads for up to ten devices, and the ability to set up to seven different profiles, including a child profile

Teva is stepping up the pace of arrangements to resolve lawsuits hovering over its head regarding its involvement in the narcotics (opioid) painkiller affair, which has resulted in the deaths of 500,000 Americans in the past 20 years. Teva, which is managed by Kor Schultz, has reached an agreement with the Attorney General of the State of Florida and all the arms of the administration, which will settle all the lawsuits filed by the administration against Teva in the opioid case. Under the arrangement, Teva will pay Florida $ 177 million over 15 years, and will provide Florida with the...

Rafael announces its financial results for 2021, as approved at the company's board meeting, with sales of NIS 9.931 billion ($ 3.075 billion) and a net profit of NIS 431 million. For the first time, the company consolidated the reports of its subsidiaries Aeronatics and Controp. At the end of the 2021 work year, Rafael CEO Yoav Har-Even said: "2021 was a very successful year in all areas of the company's operations, which were also reflected in the impressive financial results despite objective challenging parameters, such as the continued effects of the corona plague on the economy

Historical agreement: Israel and the United Arab Emirates complete negotiations for a free trade area agreement between the two countries The agreement, which is comprehensive and significant, includes, among other things, issues related to trade in goods, including regulation and regulation, customs, trade in services, cooperation, government procurement, e-commerce and protection of intellectual property rights. The issue was discussed at a meeting between Prime Minister Naftali Bennett and heir apparent Sheikh Muhammad bin Zayed in Abu Dhabi last December, where it was agreed to speed...

Transport Minister Merav Michaeli and Finance Minister Avigdor Lieberman announced at noon (Sunday) a reform that will significantly reduce public transportation prices and take effect this summer. At a press conference, Michaeli accused that "the Ministry of Transportation has neglected public transportation for years - and traffic jams have accumulated." After the reform, a national free-monthly ticket will cost only NIS 225. In the Negev, the Galilee and all localities outside the metropolitan areas of Jerusalem, Gush Dan and Haifa, there will be a free regional ticket for only NIS 99,...

The average wage in the economy per Israeli worker was NIS 11,784 per month in January 2022, a decrease compared to the previous month when the average wage was NIS 12,142. This is according to data published by the Central Bureau of Statistics (CBS). In the high-tech industry, the average wage continues to be much higher than in the entire economy and even rose close to NIS 1,000 compared with December 2021 to NIS 27,310 (December 26,494). The salaries of the programmers in the field reached NIS 29,558 and of the workers in the field of scientific research and development NIS 29,481

The tax on fuel known as "blo" will be reduced by half a shekel, Finance Minister Avigdor Lieberman announced today (Tuesday), despite the opposition of professional ranks. The reduction will be made for the next quarter only, after which a reassessment will be made as to whether to continue the extension. The reduction will be implemented immediately and is subject to the approval of the Finance Committee