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Start Up — 23
The government convened  and finally approved the maritime border agreement with Lebanon
714 Views Details

by Ifi Reporter

Category: Government

The government convened for a special meeting in the Prime Minister's office in order to discuss and finally approve the maritime border agreement with Lebanon, after two weeks have passed since the agreement was placed on the Knesset table. The meeting ended at 12:00, then Prime Minister Yair Lapid signed the agreement. The signed agreement will be brought to the American mediator Amos Hochstein. Later in the day: the official signing ceremony of the agreement with the participation of the Israeli and Lebanese negotiation teams at the UN base in Bankura, and its submission as an official...

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Oct 27, 2022

Winter time in Israel takes effect at 0200: The Clock has been moved one hour back
667 Views Details

by Ifi Reporter

Category: Government

Winter time will begin tonight on October 30, 2022, Thursday in Sheshon Tashpag, the night between Saturday and Sunday. At 2:00 in the morning the hands must be moved back one hour to 1:00. With this, summer time will end, which lasts 219 days this year. Winter and summer time were determined according to the latest version of the "Time Law" from 1992, which was amended in 2013. The law states that "every year, during the period from the Friday before the last Sunday of March at 2:00 a.m. to the last Sunday of October at 2:00 a.m., the time in Israel will be advanced by one additional...

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Oct 29, 2022

Pepper the digital bank from Beit Leumi received official approval to trade in virtual currencies
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by Ifi Reporter

Category: Financial

Pepper, the digital bank from Beit Leumi, received official approval from the Bank of Israel this weekend to allow its customers to trade in virtual currencies. The service, which was announced about six months ago, will be available to customers through the Pepper INVEST capital market trading application and is expected to be launched within the next month, when the waiting list for the service will open in the coming days. In addition, in the future the service is expected to be extended to Bank Leumi customers as well

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Oct 29, 2022

Transportation ministry and the Israel Railways is promoting the "The Eastern Railway" project
764 Views Details

The Ministry of Transportation and the Israel Railways is promoting the national project "The Eastern Railway" which will be an additional railway axis between the northern region, the center, and the south, and will allow for a significant improvement of the railway service all over the country, alongside a significant increase in cargo transportation, which will reduce road congestion, air pollution, and increase Safety of all road users

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Oct 30, 2022

The right-wing bloc led by Benjamin Netanyahu won a majority of 62 mandate - Meretz is outs
762 Views Details

by Ifi Reporter

Category: Government

According to the election results as of this hour (Wednesday), only 2,459 votes separate the Netanyahu bloc from the Lapid bloc, while the right-wing parties led by the Likud currently win 65 mandates and the other parties only 55. It should be noted that the number is not final, and may change with the counting of the duplicate envelopes. The small numerical gap between the blocs compared to the apparent gap in the distribution of seats in the Knesset stems from the percentage of obstruction, and from the fact that the right-wing bloc was maximally organized, while the center-left bloc...

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Nov 2, 2022

 Average wage in Israel increased and starts to accelerate: In August - amounted  to NIS 12,258
443 Views Details

by Ifi Reporter

Category: Financial

The rate of average wage increase in the economy is starting to accelerate. In August, the average wage in the economy for Israeli workers reached NIS 12,258 per month - a nominal increase of 4% compared to August 2021. For comparison, in July the rate of the wage increase was moderate and reached a level of 3.4% per year. This is according to the wage and income data in the economy published today (Thursday) by the Central Bureau of Statistics (CBS). The Central Bureau of Statistics today also publishes partial data regarding the forecast of the average salary in the economy in September,...

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Nov 3, 2022

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by Ifi Reporter

Category: Government

The Water Authority Board announced today (Thursday) that it is putting to a public hearing the increase in water rates for domestic consumption by approximately 3.5% starting in January 2023, among other things following a sharp increase in electricity prices and a 2% increase in the price index. This is alongside the increase in investments in the water sector in Israel. A final decision will be made in December. According to the proposal, the rate for a known quantity (the low rate) will be NIS 7.874 per cubic meter from January (instead of NIS 7.608 per cubic meter) and the rate for...

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Nov 3, 2022

Ministry of Health estimated that the next wave of the Corona is expected in November
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by Ifi Reporter

Category: Health

The Ministry of Health estimated that the next wave of the Corona is expected to be in October or November, right after the Tishrei holidays. This, following the increase recorded in the infection coefficient which stood at 1.05 - indicates an epidemic spreading. "We don't know if this is the beginning of a wave or a hump," said the corona projector, Professor Salman Zarqa. "I hope that at the end of this winter we will be able to treat Corona like the seasonal flu if a new variant does not arrive

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Nov 5, 2022

Israeli Cyber ​​company Varonis lays off 5% of its workforce: about 110 employees
740 Views Details

by Ifi Reporter

Category: Hitech

Cyber ​​company Varonis lays off 5% of its workforce. It is about 110 employees, with less than half being fired from the company's Israeli development center. Varonis' workforce swelled during the tidal period and the company currently employs 2,270 people while its annual revenue rate stands at approximately $470 million.

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Nov 6, 2022

Food retail chains are on a conflict route: Unilever products are not sold in some chains
583 Views Details

by Ifi Reporter

Category: Financial

The struggle over the cost of living intensifies close to the establishment of a new government in Israel. Binyamin Netanyahu is making efforts to establish his government very quickly, but the marketing chains are not interested in fighting the angry public over the price increase. The question being asked now is whether the marketing chains are boycotting Unilever or is Unilever boycotting the chains? From the beginning of the month, Shufersal, Osher Ed, Bitan Wines, Yohannoff, Half Free, Victory and Rami Levy do not accept products from the European giant company that imports Dove, Sif,...

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Nov 7, 2022

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