Articles

The investors are disappearing, the apartment buyers are sitting on the fence, the supply of subsidized apartments has decreased, and on the streets you can already feel the drop in prices. This is according to the review of the real estate market in November, published by the chief economist at the Ministry of Finance. The declines in apartment sales and the signs of the approaching crisis in the industry - which began already in the middle of last year - have so far not affected the price indices of the apartments which continued to rise, at least until last September. The main factor...

For the first time since 1987, the government ended a calendar year with a budget surplus, not a deficit. 2022 ended with a surplus of 0.6% of GDP, following the sharp increase in tax revenues - compared to a deficit of 4.4% the previous year

The Knesset committee approved the recommendation of the public committee for determining the salary for Knesset members, according to which the salary of Knesset members should be increased by 5.1%, instead of the automatic update of 12.5% in accordance with the increase in the average salary in the economy

According to the data of the Central Bureau of Statistics (CBS) published on Tuesday, last December there were approximately 141,543 vacancies in the economy - similar to November. But in the high-tech sector the decline continued, when the average in October-December was 11,468 vacancies for engineers, of which 7,282 Software developers - a drop of 8% compared to the September-November average and a drop of about 35% compared to the numbers a year ago which were 16,899 engineers, of which 13,280 were software developers

The Accountant General at the Ministry of Finance, CPA Yali Rotenberg, published the first estimate of the debt-to-GDP ratio for 2022, according to which the public debt-to-GDP ratio for last year decreased by 7.1% and amounted to only 60.9% compared to 68% in 2021. Meaning: this is still At a slightly higher rate than it was before the coronavirus in 2019, but still at the largest-ever decrease in state debt in one year

The founder and CEO of the high-tech company Papaya Global, Einat Gaz, announced this morning (Thursday) that she has decided to take all of the company's money out of Israel following the promotion of the legal reform. "There is no certainty that we can conduct international economic activity from Israel, this is a painful but necessary business step." . According to Gaz: "Following Prime Minister Netanyahu's statements that he is determined to pass reforms that will harm democracy and the economy, we made a business decision at Papaya Global to withdraw all of the company's funds from...

The demonstrations against the legal revolution led by Prime Minister Benjamin Netanyahu and Justice Minister Yariv Levin continued this evening (Saturday) in the shadow of the attacks that took place during Shabbat in Jerusalem. About 40,000 people came to the centers of the demonstrations in Tel Aviv, in Haifa about 13,000 participated in one of the largest demonstrations ever held in the city, and large demonstrations were also held in a number of other cities

Legal advisor to the government Gali Beharve-Miara informed Prime Minister Binyamin Netanyahu that he should avoid involvement in initiatives to change the judicial system. According to a letter sent by the consultant, "there is a reasonable fear of a conflict of interest" between Netanyahu's personal affairs, relating to the trial in which he is accused, "and essential components of the initiatives". According to her, Netanyahu should also avoid "giving direct or indirect guidance through other parties when it comes to promoting the initiatives", and according to her, this also applies to...

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...

The Knesset plenum approved the extension of the state of emergency that was declared in Israel upon the establishment of the state, and has been extended repeatedly since then. With the declaration of a state of emergency in 1948, it was not precisely defined what such a state was. Extending its validity has two main consequences: authorizing the government to establish emergency regulations that can override Knesset legislation; and the authorization of the Knesset to enact laws that depend on the validity of a state of emergency