Articles

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 U.S. ambassador to the United Nations has protested to Israeli Ambassador Gilad Ardan that Israel refused to back up the resolution that the U.S. led to a vote in the UN Security Council on Friday night condemning the Russian invasion of Ukraine, senior Israeli officials said. Last week, the Prime Minister's Office and the Foreign Ministry said that the United States understood the Israeli position and did not put pressure on it regarding its position on the Russian invasion of Ukraine. Prime Minister Naftali Bennett and Foreign Minister Yair Lapid told ministers A security that took...

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...

The Israeli fintech company Credorax - which recently changed its name to Finaro - is being sold to the American payment and clearing giant Shift4 for $ 575 million. Cardorex is a clearing company that focuses on international transactions. It was founded in 2007 by Bnei Nachman, currently the company's chairman, Eugene Volkov and Michael Feinstein. It is estimated that the company is expected to end the current year with a clearing of $ 15 billion. Cardorex has raised $ 155.6 million so far, according to startup Nation Central, and its most recent round of funding was in 2016. The...

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...