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The average budget for a state-religious high school student in 2021 was NIS 41,400 - 26% more than the budget for a state high school student, which was over NIS 32,800. This was the gap in 2020 as well - thereby maintaining the large gap between the two sectors this year as well. This is according to the "Budgetary Transparency" presentation for 2021 published today (Sunday) by the Ministry of Education. These disparities are the result of the period in which ministers from the religious parties ruled the ministry, between 2015 and 2020 - first Naftali Bennett and then Rafi Peretz - who...

Israelis try to save on expenses that are considered a necessity - such as buying food products at the supermarket and paying electricity and water bills - and on the other hand, continue to spend on things they see as experiential and fun, for example going to restaurants and cultural and entertainment shows. The result is a clear slowdown in the increase in spending from June to August (compared to the corresponding period in 2021), compared to the rate of growth from January to May, alongside a significant increase in the portion of spending on entertainment and pleasure in the total...

After the government approved last night (Sunday) the proposal for the establishment of metropolitan transportation authorities by the Minister of Transportation, MK Merav Michaeli, which should allow, with the advancement of the legislation, the delegation of powers to the authorities to run public transportation tenders on Shabbat, the question arises whether the heads of the local authorities who will head the metropolitan areas are even interested in this.

The long struggle of the specialist doctors is bearing fruit: Prime Minister Yair Lapid has decided that the preparation to shorten specialist shifts to 16 hours will begin in the periphery immediately. The chairman of the organization of specialized doctors and the leader of the struggle, Dr. Ray Beaton, announced the withdrawal of the letters of resignation. "We have made a great achievement," said Dr. Beaton. "We have not finished the struggle. But as of now, we have reached a situation where the letters of resignation can be withdrawn."

Sunfrost's frozen bean products are back on the shelves, after their production and marketing was stopped due to the discovery of parts of a snake, a mouse, a snail and a bird's foot, among others, in the company's beans and peas, which is owned by Tnuva. They will gradually return to the points of sale starting today. Sunfrost controls about 70% of the cash sales in the frozen vegetables category. See that Sunfrost has begun the process of improving quality control and sorting at its factory in Migdal Ha'Emek, but has not yet activated the three optical sorting machines it announced it...

While inflation slowed slightly in August and the consumer price index fell by a higher rate than expected - 0.3% - the housing market is heating up and apartment prices continue to soar. Despite the moderation in the mortgage market and the drop in the number of apartments sold, in the months of June-July, the price of apartments increased by 1.3%, thus registering an annual increase of 17.9% - the highest jump since 2010

Teva pharmaceutical company held a press conference Sunday at its new headquarters in Tel Aviv, where it presented its goals for the coming years, which it provided with the publication of the latest reports. In 2027, Teva expects to reach an operating profitability rate of 30%, a debt-to-EBITDA ratio of 2, a cash-to-earnings ratio of 80%, and to return to growth, after several years of revenue erosion. Carr Schultz, Teva's president and CEO, presented Teva's progress since 2017, when he took office. "In 2017, we set goals. One of them was business optimization. 80 production sites - we...

OPC energy company is promoting the development of a power plant in West Virginia that supplied 1.8 gigawatts, for $3.5 billion. The station is powered by natural gas and incorporates technologies to capture and bury the carbon dioxide emitted by the station. The announcement of the project, which will be carried out through the American subsidiary CPV (70%), was made together with the Chairman of the Energy Committee in the Senate Joe Manchin from West Virginia, and the representative of the Governor of West Virginia. Giora Almogi, CEO of OPC, (-2.07% 4210), said that the establishment of...

A recovery arrangement was signed between the Accountant General and the Israel Post in the amount of NIS 1.7 billion, along with a new collective agreement with the Post's workers' council. As part of it, out of the company's 5,000 employees, approximately 1,050 employees will be laid off in two phases - the first of which will be in December. The financing agreement consists of the sale of real estate of the post office - which has 700 branches throughout the country - to the state. The value of the assets to be sold is estimated at NIS 800 million. The state will also finance the...

The approaching holidays mark not only the massive departure of Israelis abroad, but also the arrival of tourists who return to flood the streets of the cities. However, despite a considerable recovery in the arrival of tourists, the inbound tourism industry reports that they are still not arriving here in the numbers they were before the corona virus - while Israelis are flocking abroad in droves, and the figures are already equaling, and even surpassing, the numbers before the crisis. The number of tourists reaches 60%-70% of their number before the crisis. According to data from the...