Articles

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...

On the night between Saturday and Sunday (May 14/15), very strong winds hit the north of the country, reaching speeds of over 100 km / h in many areas, including the Hula Valley, the mountain area, and the southern Golan Heights, and Beit She'an Valley. "The damage to farmers is estimated at ten million shekels

Bank Leumi announces what it defines as a "unique and groundbreaking consumer move in the banking system": private customers with a current account at Leumi will enjoy an annual interest rate of 1% on the plus balance in the account - a significant benefit that does not exist in any other bank in Israel. The interest will be paid on a current account balance of up to NIS 10,000 to salary transfer customers with a mortgage at Leumi, or to salary transfer customers with a monthly transaction turnover of at least NIS 3,000 on a Leumi credit card or to salary transfer customers with a...

After the recovery from the corona crisis, which led to sharp growth in the Israeli economy, the data published indicate a contraction of 1.6% in GDP in the first quarter of 2022 compared to the fourth quarter of 2021, in annual terms (ie, the result would be . The decline is in contrast to some of the preliminary estimates, which predicted a 2% increase in GDP in the first quarter. The decline in GDP may affect a series of policy decisions that are due to be made soon. The closest decision is that of the Bank of Israel's Monetary Committee next Monday regarding the interest rate in the...

The inter-ministerial pricing committee, jointly with the Ministry of Economy and Industry and the Ministry of Finance, recommended that the price of bread be permanently abolished. The issue of the removal of bread control was raised by the committee a year ago, but a hearing procedure and a final recommendation were now required - which has now been accepted. However, the required approvals have not yet been received from Finance Minister Avigdor Lieberman and Economy Minister Orna Barbibai

Ahead of a discussion to be held Wednesday in the Knesset's Interior Committee on the lack of queues at the Population Authority last year, the PA announced that a new dedicated center will be opened next week that will add hundreds of queues a day for the issuance of temporary passports. The temporary passport center will operate in the center of the country (near the Ayalon Mall, in Bnei Brak) and will be a center for anyone who has not had time to renew a passport before their expected trip. The center will issue temporary passports for a period of two years, at the same cost as a...

In the next five years, the Ministry of Transportation will invest about NIS 1 billion in the network of public transportation routes and bicycle paths in Netanya. This was announced by Minister of Transportation Merav Michaeli and Netanya Mayor Miriam Feierberg, after signing the agreement. The project will be completed only in 2027. In the coming year, the Ministry of Transportation and the municipality will complete the preparation, and only then will the actual work begin. The Ministry of Transportation was proud today that Netanya will be the first city in Israel to offer maximum...

El Al closes a consecutive sixth quarter of an increase in revenue, with the termination of the position of outgoing CEO Avigal Soreq - the company reduced its loss in the first quarter of the year to $ 66 million, compared to a loss of $ 86 million in the first quarter of 2021. Tomorrow, Soreq will officially end his position at the company, and he will be replaced by the new CEO, Dina Ben-Tal Genesia. This is in the days when El Al is dealing with employee sanctions that have also led to the cancellation of several flights

Cellcom reported the results of the first quarter of 2022, in which it continues the positive trend and shows the highest profit in the last 20 quarters - NIS 28 million, this is the first report under the new CEO Daniel Sapir. Available foreign cash amounted to NIS 52 million, with a growth of 31,000 mobile subscribers in the first quarter compared to the previous quarter, a growth of 6,000 Internet infrastructure subscribers in the first quarter compared to the previous quarter, and a growth of 2,000 TV subscribers in the first quarter compared to the previous quarter