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Category: Government
More than 300,000 fines, with a total value of NIS 170 million, were imposed by the Israeli police on civilians for various violations of corona laws and regulations. So far, only about NIS 30 million has been paid, for 70,000 fines. The high number of fines and the burden imposed on citizens during a deep economic crisis raises the question of whether fines do achieve their purpose - deterring the public from violating regulations, and preventing the infection and spread of the corona virus. While the purpose of the laws and fines imposed for non-compliance is to maintain physical...
Oct 27, 2020
Category: Capital Market
The second closure interrupted the recovery process of the Israeli economy in the third quarter of the year. This emerges from the Bank of Israel's membership survey published on Monday. Although activity in the economy continued to shrink from July to September, the recovery from the peak of the corona crisis was felt in the economy. The survey shows that the balance sheet of the business sector improved in the third quarter but remained at a very negative level. Although the balance of output in manufacturing recovered in the third quarter, it remained negative. The negative balance...
Oct 27, 2020
Category: Government
Data from the National Insurance Institute published on Wednesday show that about 277,000 are entitled to unemployment benefits for more than 100 days. A total of 1.08 million applications for unemployment benefits have been submitted since the beginning of the crisis, of which over 980,000 applications (92%) were approved, with 114,000 approved under the Corona conditions (qualification period 6-12 months). 85,000 of the applicants were not entitled under the terms of the law to receive unemployment benefits. About 634,000 people entitled to unemployment benefits are unemployed, while...
Oct 28, 2020
Category: Financial
In recent weeks, the tax authority has approached about 150 self-employed people who have received compensation for losses since the outbreak of the corona crisis - and demanded that they return the money they received. According to a senior PA official, it turns out that dozens of self-employed people demanded the funds based on losses incurred by them this year compared to last year. However, an examination carried out by the Tax Authority revealed that some of them did not receive the grants or were overpaid, as their losses were lower than the conditions eligible for the grant. In a...
Oct 28, 2020
Category: Financial
The rating agency Moody's published on Wednesday an explanation of Israel's credit rating, after last weekend it postponed its rating decision from October 23 to a later date, thus effectively maintaining an A1 rating. Moody's notes that the main risk to Israel's credit rating is Israel's debt burden, Israel's long-term demographic trends (apparently referring to population growth where employment rates are as low as the ultra-Orthodox and Arabs - etc.) and the ongoing tensions in the Middle East. Against the background of the polarized political system that also threatens fiscal policy,...
Oct 29, 2020
Category: Government
The Corona Cabinet has decided Thursday night not to open the street stores until next Sunday, despite the demand of Finance Minister Israel Katz. According to the decision tonight, shortly after midnight, the opening of street shops will be allowed from November 8, on terms to be agreed by the Ministries of Health and Finance. Health Minister Yuli Edelstein, who called for unity decisions, voted against following the deviation from the original outline of relief every two weeks. Following this, clashes broke out between the ministers, just before the vote in the debate that took place in...
Oct 29, 2020
Category: Government
After a little over a month and a half at home, about half a million first- and fourth-year students will return to schools this morning (Sunday) - and will join the half-million kindergarten children who have been in the frameworks for the past two weeks. The young students will arrive this morning in classes in groups of 20, and will be required to wear masks throughout the school day and throughout breaks. Returning to schools after a week of uncertainty and publishing changing outlines is accompanied by mixed feelings on the part of parents and teachers: on the one hand the desire to...
Nov 1, 2020
Category: Government
The Corona Cabinet approved the increase in fines for violating Corona regulations, in a decision passed almost unanimously - with the exception of Interior Minister Aryeh Deri who objected. The increase in fines is still subject to Knesset approval. In addition, Corona projector Prof. Roni Gamzo warned in the discussion of an alarming drop in the number of tests: "This is an ongoing war. The tests are free, still in a state of unwillingness to go and be tested. in her". According to the proposal approved by the cabinet, the fine for opening an educational institution, holding a wedding,...
Nov 2, 2020
Category: Government
The average wage in the economy in August increased significantly relative to the corresponding period last year and the main reason for this is layoffs and expenses for low-wage workers. In August, the average wage reached NIS 11,578, an increase of 7.3% compared to August 2019. CBS) published today (Wednesday). Such a high increase in the average salary in the economy is expected to result in an increase of thousands of shekels in the salaries of ministers, Knesset members and senior officials in the economy, if there is no legislation on the temporary order proposed by Finance Minister...
Nov 4, 2020
Category: Government
The Corona Cabinet approved on Wednesday evening the opening of street shops starting Sunday in all authorities in the country, under a limit of four shoppers in the store. This, with the exception of the red cities where it was decided to impose a closure. Ministers Yuli Edelstein, Meirav Cohen and Amir Peretz voted against the decision. Prime Minister Benjamin Netanyahu first spoke out against the opening of stores at the hearing. "We are falling into the trap of a real and honest lack of evidence of the situation. We are not in a situation where if we release the closure we will not...
Nov 4, 2020