Articles

A record in shopping ahead of Rosh Hashanah: this year in September we spent over NIS 38.811 billion on credit cards within Israel - an increase of 21.4% compared to 2021. For comparison, in September 2021 expenditures totaling NIS 31.961 billion were recorded, according to data from the Automated Bank Services Company, which manages and develops The national credit card payment system. The data does not include online purchases from websites abroad and does not include shopping overseas

Most of the banks in Israel again did not pass on the full interest rate increases to citizens' deposits, the Bank of Israel published today (Sunday) a first comparison between the average interest rates given by each of the banks in Israel in practice for deposits and for credit. The data is expected to be updated once a month, thus helping the public to compare the conditions given by the various banks and, if necessary, to bargain and even switch banks. However, while the data may help customers compare, it does not present a complete picture

The Supreme Court ruled Sunday that opposition leader Binyamin Netanyahu will be required to return money given to him and his wife by his cousin Natan Milikovski to finance their legal expenses during his tenure as prime minister. The Supreme Court explained that these funds were given in violation of the Public Service Law - known as the "Gift Law" - and therefore Netanyahu must return to the estate of his late cousin $270,000 out of the $300,000 he received from him

The European low-cost company Wizz Air is coming to Ramon Airport and will offer Israelis direct flights from Ramon to destinations in Europe. The company will start operating two weekly flights to Vienna in Austria and Rome in Italy starting this December. The first flights are scheduled to take off on December 17

The Israeli chip company Banias Labs of Mahod Hasharon, founded by the entrepreneur and investor Avigdor Vilanz, was sold to the Canadian company Alpha wave for $240 million in cash, according to an announcement published today on behalf of the companies

Google has started operating its servers in Israel and Partner has already started gradually connecting its customers to the company's servers, mainly DNS servers. This means: connecting to a local server and not to the servers abroad that the providers use today, which allows faster access to websites and applications (but not a higher browsing speed) as well as less congestion during peak hours. That is, the consumer will enjoy faster updates now, than through the Internet provider His

Four months after Yitzchak Abarkhan returned to Shufersal, this time as chairman, and led to the appointment of Uri Waterman as CEO of the company, in the coming weeks the two intend to lead an aggressive streamlining program for the company. Restoring the operating profitability of the food stores to a level of 3.5%-4% will require a cut of NIS 250-300 million per year in the company's operating expenses in view of the erosion of its market share

The food chains are preparing to raise prices as early as next week. The price index of Stornext, which increased in the first 9 months of this year by 4.4% compared to the same period last year, is expected to jump in the next update, in view of the demand of various suppliers, including Sano, Unilever, Terra, Gad Dairies and Diplomat Company, to raise the prices of their products at a rate that reaches up to 25%

The problem of overcrowding and the rate of population growth in Israel is one of the fundamental problems discussed in recent years and is a real challenge for education, transportation, housing, and other systems. Another significant challenge of the increase in the population and its accelerated aging is imposed on the health system - which must continue to provide the public with medical services of a high level, with reasonable availability and accessibility at the very least. A new OECD report illustrates the magnitude of the challenge or, in less subtle words, the major crisis that...