Articles

The Research Division of the Bank of Israel examined the extent of the impact of the closure and the epidemic on the Israeli economy. What damage will be done to such a long-term locksmith economy? According to Prof. Michel Strawczynski, director of the research division at the Bank of Israel and a member of the Monetary Committee, the direct cost is about NIS 9 billion per week of closure. This means that the continuation of the closure in its current format for 90 days will cost the economy more than NIS 115 billion. The Bank of Israel's Research Division conducted a preliminary analysis...

The Ministry of Finance, the Histadrut and the presidents of employers and businesses in Israel have reached agreements on how to pay for the days of isolation. According to the agreement, the isolation days have been reduced from the employee's sick days quota and the payment for the days will be as provided by law. The employee will bear the cost of the first two days and the state and employers will share the cost of the remaining days, so that at the end of the day the total cost will be divided between the employee, the state and the employer. In order to complete the agreement...

Severe increase in unemployment and the number of unemployed in the background of the second closure and intentions to extend it until the end of October: From the last report of the Employment Service yesterday until this morning at 7:00, 14,723 new jobseekers were registered. A total of 909,460 jobseekers are currently registered with the employment service, of which 572,908 are on unpaid leave. Since September 17, 2020, the day before New Year's Eve and the entry of restrictions, 178,020 jobseekers have been registered with the Employment Service - 162,858 of them due to leaving the...

The tax authority transfers hundreds of millions of shekels in tax refunds to businesses in a concentrated manner. The Authority announced today (Thursday) that out of a desire to help businesses in Israel, in light of the cash flow difficulties they encountered as a result of the economic consequences of the Corona virus and the tightening of restrictions, tax refunds amounting to hundreds of millions of shekels were released this week. Those eligible will be able to see the money in their bank accounts in the coming days. In this context, income balances in the total amount of NIS 153...

Commissioner for the Fight against Corona Prof. Roni Gamzo said that 40% of the new nationals in recent days are ultra-Orthodox - and that there is a disturbing increase in the number of ultra-Orthodox patients over 60. In a briefing to the media on Thursday, , And hopes that in the coming days it will be possible to see the consequences of the closure that began already on Rosh Hashanah. "We woke up this morning with 9,000 verified cases," Gamzo said in his opening remarks, which were made in the background of the jump to 32 deaths a day. The number of victims today stands at 1,571 people...

The State of Israel is marching towards elections following the resignation of Minister Assaf Zamir. Deputy Prime Minister and Defense Minister Bnei Gantz announced after the crisis (Friday) that he had instructed Justice Minister Avi Nissenkorn to begin the process of appointing a state attorney, and said that his party would also advance the process of appointing commissioner. Finding the position of Deputy Attorney General, against the background of public criticism of the party, and after Tourism Minister Assaf Zamir announced his resignation from the government earlier. "We have...

IAI has signed a cooperation agreement with the Bosnia-Herzegovina government to establish an online cyber academy in the country. As part of the agreement, the cyber experts of the Elta Division and the Singapore subsidiary, Custody Technologies, will conduct targeted training accompanied by the company's cyber simulator / trainer, TAME RANGE, which is a unique platform that simulates a wide range of cyber scenarios and enables practice, learning and application in the field. In addition, the coach has online verification and testing capabilities of the being taught and he provides...

US President Donald Trump was evacuated tonight (Friday to Saturday) to Walter Reed Military Hospital near Washington in the Marine 1 presidential helicopter after it was reported last night that he had contracted the corona virus. Trump will be hospitalized in a special suite at the hospital. According to the White House, the president will remain in the hospital for several days for tests and close supervision on the advice of doctors. Around 0:30 (Israel time), the Marine 1 helicopter landed on the White House lawn. A few minutes later, a White House spokeswoman announced that President...

The corona crisis gave its signals on the real estate market in the second quarter of 2020: In April-June, 16,800 apartments were sold in the free market (ie apartments that were not subsidized by the state) - a decrease of 27% compared to the corresponding quarter last year. Published today (Sunday) the chief economist at the Ministry of Finance, Shira Greenberg. It should be noted that this is the sharpest quarterly decline rate since the second quarter of 2014 that stood in the shadow of waiting for a zero VAT plan and also the lowest level since the first quarter of 2003 that stood in...

Restrictions on demonstrations only encouraged protesters and the number of targeted demonstrations increased by tens of percent. Thousands of people came to hundreds of centers across the country on Saturday night against Prime Minister Benjamin Netanyahu and government corruption. During several of the various protest events, clashes broke out between the protesters and the police forces. Some of the demonstrators in Tel Aviv went out in processions on several streets, blocking major arteries in the city. About 12 demonstrators were arrested in Tel Aviv for violating restrictions and...