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Start Up — 23
P.M Lapid and Economy Minister Barbivai agreed on a more moderate increase in the Bread price
183 Views Details

by Ifi Reporter

Category: Financial

Prime Minister Yair Lapid and Economy Minister Orna Barbibai announced on Monday evening that they had agreed on a more moderate and gradual increase in the price of bread. The price of the uniform sliced ​​bread will increase by 5.5% instead of 11% as previously planned. The price of challah will increase by 8% instead of 21% and the price of flat bread will increase by 5% instead of 36%. Another increase in price will take place in the month of December, when the price of the uniform sliced ​​bread and the price of challah will increase as determined by the price committee, while the...

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Jul 25, 2022

The crisis in high-tech: Fiverr and Outbrain are laying off about a hundred employees
123 Views Details

by Ifi Reporter

Category: Hitech

After a long series of cuts in the startup companies and the unicorns, it is the turn of the public high-tech companies. The Fiverr company, which was considered one of the most successful Israeli IPOs of recent years, informed its employees of the layoff of 60 employees, half of them in Israel. Fiverr developed a platform to connect freelancers with organizations and enjoyed a tremendous boom during the Corona period which led to the recruitment of many employees to meet the load of demand

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Jul 27, 2022

The price of electricity will increase this Monday at a rate of 8.6% - 1% less than predicted
111 Views Details

by Ifi Reporter

Category: Financial

The price of electricity will increase this Monday at a rate of 8.6%, one percent less than the original decision of the Electricity Authority. This means that the price of electricity will increase on average for a family in two months by about 86 shekels, which is 43 shekels per month and more than 500 shekels per year. The Electricity Authority announced the final price on Wednesday evening after holding an oral hearing procedure for the main parties who challenged the decision to raise the price of electricity at such a high rate, led by the Association of Manufacturers, whose leaders...

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Jul 27, 2022

Fight against cost of living:  dozens demonstrated against the price increases and demanded a stop
146 Views Details

by Ifi Reporter

Category: Financial

Continuing the fight against the cost of living: many dozens demonstrated at noon in front of the house of diplomat CEO Noam Weiman in jubilation, with the aim of protesting the cost of living and demanding to prevent further price increases. This is a demonstration that is the first swallow of going out into the field and a wake-up call to the food and marketing companies that the public has woken up and is not ready to pay more for the price of pigs. The representatives of the Histadrut, activists and ordinary citizens participate in the demonstration. The activists called for the...

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Jul 29, 2022

Israeli Enterprise video solutions Kaltura: We have received a purchase offer for $383 million
141 Views Details

by Ifi Reporter

Category: Financial

Enterprise video solutions company Kaltura reports that it has received a purchase offer at a value of $383 million, a 27% premium over the last closing price on Wall Street. The potential buyer is a competitor of Kaltura called Panopto, which already at the beginning of June announced its intention to buy Kaltura. Earlier this month, it already put a concrete offer on the table, but Kaltura for its part only disclosed the contacts now, when the offer was improved, and more importantly - when Panopto's partner in the move, the K1 Foundation, became an interested party in Kaltura and left...

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Jul 29, 2022

Apple is opening in Israel it's 3r R&D center - In Jerusalem and started recruiting engineers
115 Views Details

by Ifi Reporter

Category: Hitech

Apple is opening a new development center in Jerusalem, whose employees will join approximately 2,000 employees in the company's development centers in Herzliya and Haifa. Apple employees in the development centers in Herzliya and Haifa develop hardware and software technologies for most of the company's products. They were involved, among other things, in the development of the M1 and M2 processor series of the Mac computers. This will be the US tech giant's third center in Israel after Herzliya and Haifa. While most tech giants announce the opening of new development centers through...

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Jul 29, 2022

Midnight: The price of fuel will drop sharply by by NIS 1.5 to a maximum of NIS 6.58 per liter
255 Views Details

by Ifi Reporter

Category: Financial

After six consecutive months of increases, fuel prices will drop sharply tonight at midnight - according to the Ministry of Energy announcement. The decrease is recorded following the drop in oil prices in the world in the last month, and after last week the Ministry of Finance published an order that expands the reduction of the excise tax on fuel to NIS per liter. The order that reserves the reduction of the excise tax on fuel will be in effect until the end of the month, after which it will be possible to extend it

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Jul 31, 2022

The credit rating company Fitch reaffirms the credit rating of Israel at the level of A +
361 Views Details

The international credit company Fitch decided to keep Israel's credit rating at A+ level and left the forecast "stable". This, despite the rising inflation in Israel and the fact that political instability once again exists. At the same time, Fitch predicts that the state budget will not be passed before the second quarter of 2023, and therefore the State of Israel will operate in the mechanism of a continuous budget that limits the scope of the monthly expenditure allowed by the government. Also, the company sees a risk in not forming a government after the elections, which could lead to...

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Aug 1, 2022

 Israeli cyber giant Check Point presented an increase in revenues of 9% to 571 million dollars
99 Views Details

by Ifi Reporter

Category: Financial

The Israeli cyber giant Check Point presented its second-quarter report and managed to overtake the analysts' forecasts in the key indicators: the company's revenues jumped by 9% to 571 million dollars, and the diluted earnings per share (the key figure in this article which is Non -GAAP) was $1.64, compared to average expectations for revenues of $560 million and earnings per share of $1.62

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Aug 1, 2022

Government price committee recommends: to raise the tuition by NIS 500  per month
115 Views Details

by Ifi Reporter

Category: Financial

The government price committee recommended on Wednesday evening to raise the price of supervised nurseries by a high amount of NIS 500 per month. Ynet has learned that the ministers of finance and economy will not approve the recommendation: "This is a disproportionate harm to the public of parents." Failure to raise the price may result in at least some nurseries not opening

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Aug 3, 2022

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