Articles

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...

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.

Prime Minister Naftali Bennett flew secretly to Moscow early Saturday morning, and is currently in the Kremlin with Russian President Vladimir Putin as part of his attempt to mediate a diplomatic solution to end the war in Ukraine. Bennett is the first Western leader to meet with Putin since the beginning of the Russian invasion ten days ago, although some of them did talk to him on the phone. The report of the meeting was first published by the Reuters news agency, quoting a Kremlin spokesman. About half an hour later, Bennett's office issued an official statement confirming the report

The International Bank concludes 2021 with a profit of NIS 1.4 billion, a jump of almost twice that of the profit in 2020, which amounted to NIS 750 million. The return on capital amounts to 14.7% in 2021 compared to 8.6% in 2020. The Bank's revenues amounted to NIS 3.15 billion in 2021, compared with NIS 2.9 billion in 2020. Net interest income amounted to NIS 2.8 billion, compared with NIS 2.6 billion. International's revenue from interest amounted to NIS 1.44 billion, compared with NIS 1.37 billion in 2020, an increase of 5.3%. The fees charged by the bank last year amounted to NIS...

A report by the Innovation Authority shows that the participation rate of women in high-tech is low - about a third of the employees. Only about nine and a half percent of the CEOs who have set up start-up companies are women and in fifty-seven percent of the major venture capital funds in recent years there is no woman appointed as a partner. The report also shows that forty-nine percent of all students in five units in mathematics are women and only about a third of those who take matriculation exams in computer science are women

Bank Leumi's net profit amounted to NIS 6 billion in 2021, a record profit for the bank, the highest in the sector and almost three times the net profit in 2020, which stood at NIS 2.1 billion (an increase of 285%). The profit reflected a return on equity of 15%, compared to a return on equity of 5.7% in 2020. At the end of the fourth quarter, Leumi earned NIS 1.5 billion, an increase of 67% compared to NIS 900 million in the corresponding quarter. Leumi's annual profit line is higher than NIS 1 billion than that of its major competitor, Bank Hapoalim, which reported an annual profit of...