Bank of Israel published the 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. For example, today's data is not divided according to the amount of the deposit or the amount of the credit - which of course may greatly change the interest rate...
The company IBC Unlimited launched a home internet infrastructure on optical fibers that can reach a speed of up to 10 gigabytes thanks to XGS-PON technology. In the first phase, consumers will be offered a speed of up to 5 gigabytes. The move will require customers to replace end equipment (router)
The rate of population growth in Israel is harming the attempt to improve the education system. Between 2012 and 2019, the budget of the Ministry of Education increased by 67%, but the increase in the number of students eroded the increase so the budget per student increased by only 21%. This is according to the annual education report of the Organization for Economic Cooperation and Development (OECD) published today (Monday) and referring to the 2019 budget data
The average salary in Israel increased in July this year compared to the corresponding month last year by 3.4% and decreased slightly compared to the previous June. However, purchasing capability is consistently decreasing due to inflation. This is according to the data of the Central Bureau of Statistics. The average salary for a salaried position in July this year was NIS 12,113, compared to NIS 11,715 in July last year and NIS 12,522 last month. A significant part of the increase compared to last year is related to the absence of low-wage workers from the labor market due to the Corona...
The September data of the Central Bureau of Statistics (CBS) published today (Thursday) reflect the beginning of the influx of Israelis abroad during the Tishrei holidays (Rosh Hashanah falls on September 25) and overtake the data that existed before the Corona crisis. In September of this year, 967.1 thousand departures abroad were recorded compared to 928.9 thousand in September 2019
The Sano company continues to raise prices: the company informed retailers that it will increase the price of its paper products, which it will already increase by 12%-14% at the end of 2021. Among other things, these are Snow Soft, Snow Sushi, paper towels, disposable tablecloths, napkins for entertaining and disinfectant wipes. The last time it raised prices - it did not back down but promised promotions that would seemingly eliminate the price increases. Some products are sold at their previous prices. Either way, all Sno products from bleach to toilet paper - there are substitutes on...
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 chip giant Intel recently began a process of cuts in its dedicated chip company for artificial intelligence (AI) applications in servers, according to a report in The Marker. The company fired about 90 of the 900 employees of Havana Labs - that is, about 10% of the workforce. The layoffs spread across the company's headquarters in Israel, Poland, the USA, and Asia