Articles

ALTIS, HOT's parent company, confirmed to the stock exchange this morning that HOT had made an offer to acquire the full shareholding of Partner. Eltis, of Patrick Darhi, approved but did not specify the content of the proposal. HOT submitted an offer to acquire 100% of Partner for more than NIS 3 billion. If the proposal is approved, the first merger in the cellular industry is expected to take place, after long months of talks where HOT, controlled by Darhi, wants to merge with one of the companies, Cellcom or Partner. Partner also announced that it had received a purchase offer from...

Yotpo has announced its acquisition of SMSBump, the most complete SMS marketing solution designed for eCommerce brands, it was announced by Omri Cohen, COO & Cofounder, Yotpo. With this acquisition, Yotpo is the only eCommerce marketing platform to provide integrated solutions for reviews, visual UGC, loyalty, referrals, and SMS in one place, giving brands the unique ability to engage customers with smarter, cohesive, and higher-converting experiences across channels. The single-platform approach meets brands' growing desire to manage their direct-to-consumer (D2C) marketing activities...

The Federation of Consumer Authority examined the characterization of Israeli consumer behavior in 2019, and the results are fascinating. Only 43% of respondents believe that the conduct of businesses in Israel is fair, while 51% say it is unfair. It should be noted that the perception of fairness of Israeli businesses increases with the income level of the subjects. Another significant figure that emerges from the survey is that 80% of the Israeli public will stop buying from a business that infringes on its workers' rights, and a similar figure has suggested that it would be better to buy...

A year and three months after he began serving his three years in prison, businessman and former IDB chairman Nochi Dankner is set to go free. This morning, a person who was previously considered the most powerful man in the economy and jailed for securities law offenses At the gate of a prison jail, a prisoner behind bars became a non-suspended prisoner. This, after last Thursday's release from the Ma'asiyahu Prison, approved his request for early release. The decision by the parole committee to order Dankner's release was made after the State Attorney's Office, through Attorney Gabi...

"Accelerating communications infrastructure development will close the gaps between the periphery and the center. This requires telecommunications companies and municipalities to join hands and improve the situation," said Nati Cohen, director of the communications ministry, at a joint conference held by the firm on establishing communications infrastructure in the Bedouin communities in the south. Establishing the communications infrastructure in the Bedouin communities was a low national priority and these communities did not receive the level of infrastructure found in their localities...

The reports of Israeli public companies holding significant activity in China indicate that there is currently no significant impact on business. However, the expected harm is mainly in the tourism sector of Chinese who will not come to Israel. It is estimated that about 24,000 tourists from China will be canceled in the next two months. Most of them spend an average of seven nights per night. This is a loss of close to 170,000 overnight stays in February and march

Afcon Electric Transport, a company owned by Afcon Holdings, is completing another phase of operating the largest public charging network in Israel. Afcon has recently completed the installation of charging stations in the Dan hotel network across the country. In recent months, Afcon has established dozens of fast charging stations in BIG complexes, across the Emek Hefer Regional Council and many kibbutzim nationwide. The hotels participating in the pilot are the Dan Hotels chain: Dan Tel Aviv, Dan Carmel, Dan Panorama Tel Aviv, Dan Eilat, King David and the Link Hotels chain. Udi...

In January 2020, 543,000 Israelis departed abroad - an increase of 10% compared to January 2019. 4% of Israelis departures in January were of Israeli residents living abroad who came for a homeland visit. In January, 29,000 Israeli departures were by land (to Egypt and Jordan). The number of flights abroad was 496,000 - most of them, ie 466,000, departed only once during the month. Also in the other direction, ie tourists entering Israel, an increase was recorded - 308.5 thousand tourists entered Israel in January, an increase of 8% compared to January last year. According to estimates by...

The State of Israel ended January with a budget surplus of NIS 5.9 billion. That's how the Treasury published. Among the reasons for the big surplus - managing the state through a temporary budget and higher than expected tax revenues. According to the Treasury announcement, government spending in January reached NIS 27.7 billion. January's state revenues were pleasantly surprised and reached NIS 33.6 billion, a figure that reflects a nominal increase of 11.9% compared to January 2019. This is a figure that could indicate improvement in economic activity, however, as today's senior deficit...

On February 24-27, Israel will host the world's largest industrial innovation week, the "II4.0" Conference - led by "Start-Up Nation Central" (SNC), Grove's venture capital fund and international consulting firm Deloitte. The conference will discuss machine communication issues, secure production lines and 3D printing and will present lectures, forums and professional panels led by industry executives. Significant international companies are expected to announce new activities to take place in Israel, as well as new collaborations with Israeli companies and startups. Yariv Lotan, SNC's...