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Start Up — 23
Bank of Israel raised interest rate by 0.5% to 1.25% to try and Curb the inflation rate
351 Views Details

by Ifi Reporter

Category: Financial

The Bank of Israel has raised the interest rate the sharpest way in 11 years at a rate of 0.5 percent so that the interest rate in the economy rises from 0.75% today to 1.25%. According to a survey by the economic information company Bloomberg, 15 out of 17 economists from financial institutions in Israel and abroad thought that the Bank of Israel would take an aggressive step to curb inflation and raise interest rates by 0.5 percentage points. The interest rate increase is expected against the background of inflation, which accelerated to 4.1% in May

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Jul 4, 2022

CBS: Signs of a crisis in the high-tech sector - salary decreased by about 8% to NIS 27,684,000
86 Views Details

by Ifi Reporter

Category: Hitech

Signs of a crisis in the high-tech sector are strengthening: the increase in the number of workers in the high-tech industry was halted in April. The number of jobs filled in the field reached 377.9 thousand in April - a decrease of 0.2% in jobs compared to March 2022. This is according to data published today (Monday) in the Central Bureau of Statistics (CBS). This is the first drop in the number of high-tech staffed jobs after eight months of continuous growth. At the same time, after the March data recorded a record average wage in the industry, which first crossed the NIS 30,000...

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Jul 4, 2022

Ben & Jerry's tries to stop selling it's products in the settlements in the occupied territories
67 Views Details

by Ifi Reporter

Category: Law

One week after the signing of an agreement between the Israeli franchisee of the ice cream company Ben & Jerry's and the global Unilever corporation, an arrangement that will allow him to sell the ice cream he also produces in the settlements, the American company is trying to thwart the move. Ben & Jerry's has sued its parent company Unilever with the aim of blocking the same move, saying the sale of ice cream across the Green Line "does not match its values". According to the lawsuit, this "undermines the social integrity that Ben & Jerry's has built over decades." Five members of the...

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Jul 5, 2022

Airports Authority announced it will incentivize the recruitment of workers to Ben Gurion Airport
194 Views Details

by Ifi Reporter

Category: Health

iThe Airports Authority announced on Wednesday that it will incentivize the recruitment of workers to Ben Gurion Airport and the border crossings in the amount of NIS 30 million. This is to overcome the huge queues at Israel International Airport. The queues have reached a distance of one and a half kilometers. The Airports Authority has decided to provide financial grants to the new employees: the grant for joining unarmed security guards, who have not completed a course, will be NIS 5,000; Security examiners will receive NIS 2,500 at the end of the training course; And the grant for a...

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Jul 6, 2022

High-tech crisis: Hundreds of employees were laid off - 35 on Wednesday in  "Anodot" start-up
167 Views Details

by Ifi Reporter

Category: Hitech

The Israeli start-up company Anodot joins Ituro, Verbit, Bizabo, Transmit, Sqream, Leitrix and Nexar in the current wave of layoffs in high-tech and is laying off 35 employees, who make up 27% of the workforce in a company that employs 129 people. The layoffs will be from all parts of the company, which was established in 2014 and has raised about $ 62 million to date, including Intel Capital, Softbank Ventures Asia, Samsung NEXT, La Maison, Keren Alef and Disruptive Technologies

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Jul 6, 2022

12 doctors at Clalit Health Services earn NIS 87,879 gross per  -  median wage was NIS 10,750
91 Views Details

by Ifi Reporter

Category: Financial

The average wage in public bodies increased slightly in 2020 compared to the increase in the average wage in the economy, but still senior officials in several public bodies earned tens of thousands of shekels a month each - much more than the average wage. Women fill only about 30% of the positions of high-ranking officials and wage earners. This is compared to 27% in the years 2015 to 2019. Gender pay gaps decreased by 0.7% in the five years to 2020 and by only 0.1% in 2020 and stood at 35% in favor of men's wages. Excluding officials and high-wage earners, the gender pay gap was 22%.

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Jul 6, 2022

IBM acquires Israeli start-up Databand for tens of millions of dollars -  5th acquisition in 2022
89 Views Details

by Ifi Reporter

Category: Hitech

Along with the crisis in high-tech - there is also an exit: in the days when many Israeli high-tech companies are making layoffs and experiencing declines in stock prices and market value, Databand.ai, also Israeli, is being acquired, the acquiring company, IBM, announced today (Wednesday). The companies did not give the amount of the deal, but according to market estimates it is tens of millions of dollars. Databand.ai offers a real-time data monitoring solution that helps organizations fix problems with their data - including errors and failures in data flow, and its poor quality -...

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Jul 6, 2022

Chief economist of Finance ministry: 2022 will end with a revenue surplus of NIS 70 billion
70 Views Details

The chief economist at the Ministry of Finance predicts that 2022 will end with a revenue surplus of NIS 70 billion compared to the projected revenues when preparing the state budget. According to the latest macroeconomic forecast of the Chief Economist, all revenues in 2022 will amount to NIS 456.6 billion, compared to a forecast of revenues of only NIS 387 billion when preparing the state budget. This surplus, mainly due to an increase in tax revenues, led to a significant reduction in the deficit, which in May reached almost 0% relative to GDP. The surplus revenue is what has allowed...

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Jul 7, 2022

El Al management has reached an  agreement with the pilots union - No more flight  cancellation
78 Views Details

by Ifi Reporter

Category: Financial

After a long period of internal struggles at the airline that led to the cancellation of over 100 flights since the last Independence Day, the current saga seems to have come to an end. El Al reported on Sunday to the Tel Aviv Stock Exchange that an agreement had been signed between it and the Histadrut and the pilots' committee, which will apply immediately by the end of 2025. The company stated that "as of this date, the company cannot assess the effect of signing the agreement on its business results." After the report: El Al shares rise by about 10%

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Jul 10, 2022

First time since 2007:  Budget surplus in the last 12 months in the amount of NIS 6.4 billion
60 Views Details

For the first time since 2007, there has been a budget surplus in the last 12 months in the amount of NIS 6.4 billion, which constitutes 0.4% of GDP. According to the Treasury, this is the highest surplus measured since 1987. This is according to data from June published today (Thursday) by the Ministry of Finance. However, in June itself, a deficit of NIS 1.5 billion was measured, after five consecutive months in which the state budget surplus was measured. The Treasury emphasizes that the month of June is characterized by a high seasonal deficit. For example, in June last year, there was...

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Jul 10, 2022

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