Articles

The Minister of Finance, Israel Katz, announced that he had agreed with the Director of the Tax Authority on the outline of compensation for indirect damages due to Operation The Wall Guard. This means that gates in the south, such as Ashkelon, Sderot and Beer Sheva, will receive compensation, but the Gush Dan and Shefela areas will not receive any compensation, even though they have received rocket fire. The compensation will be given to businesses for a decrease in business turnover or for wages paid to employees who are absent due to the security situation. Businesses in the Gaza...

Bezeq reported to the stock exchange tonight (Tuesday) that it intends to deploy fiber optics for 80% of households in Israel - within 6 years. The Ministry of Communications, which formulated the fiber outline, managed to push the most significant player in the market after years in which Bezeq refrained from deploying fiber optics and connecting homes to high-speed Internet infrastructure. The company - which has invested hundreds of millions of shekels in the project to date - has reported that it intends to continue investing another Billions of shekels in it

Just before the change of the company's CEOs, when Avi Zvi replaces Itzik Benvenisti, Partner reports this morning on its financial results in the first quarter of the year, which show that the trend continues to increase in the company's customers in the fixed segment and this is reflected in increased revenues. Partner's revenues in the first quarter of the year grew by 3% to NIS 833 million. By segmentation, Partner recorded a 2% decrease in revenues from cellular services, partly as a result of the corona crisis that reduced the company's revenues from roaming services

Customers from all over the country came to support businesses in the southern region after the ceasefire after 11 days of fighting. They did shopping to sit in containers in the city, and so people had to wait in long minutes until a table became available for them. In Ashkelon, too, the cafes were filled with people today, and in Roja's coffee, the parliaments returned. "We are returning to life in Ashkelon, everything is full, after two difficult weeks." "We waited patiently for the operation to end," says Herzl Gabriel, who arrived with his family from Tel Aviv. "We came to support the...

Following the criticism in recent days, Finance Minister Israel Katz instructed the professionals in his office to expand the outline of compensation to be given to businesses as part of the Wall Guard operation, so that businesses within 40-80 km of the Gaza Strip border will also be entitled to compensation. In the cities involved, any business owner who was injured during the riots and closed for at least 7 days will also be able to receive indirect compensation beyond the direct compensation. As part of the new outline that will be submitted to the Finance Committee for approval next...

The economy continues to recover. For the first time since the start of the Corona crisis, the percentage of unemployed in the Central Bureau of Statistics' expanding calculation fell from 10%, to 9.6% in the first half of May. The percentage of unemployed in the limited calculation used by the Treasury fell to 6.7%. This is according to data from the Labor Force Survey published by the CBS. However, it is likely that in the second half of May, in which Operation Wall Guard was conducted, the downward trend in the unemployment rate was halted

The OECD has published an optimistic forecast according to which the Israeli economy is expected to grow by 5% this year, and by 4.5% in 2022. Although current growth forecasts for the global economy (5.8%) and the countries of the organization (6.3%) are higher than for Israel, it is worth considering two additional data: The decline in Israel's GDP as a result of the corona crisis was lower than in the world and the West Of 3.5% and 4.8% respectively), but the expected growth rate next year is higher in Israel than in the rest of the world and the Western world (as mentioned, an increase...

June 1 is a date that will undoubtedly be remembered in the history of the State of Israel's war on the corona virus: in light of the low and stable morbidity along with a successful vaccination campaign, the need for a green label will be eliminated from today (Tuesday). This means that after a year and three months of restrictions, closures and a variety of areas of life that have entered silence - life as we knew it is back. In enclosed spaces there is still a duty of masks, but most of the economy should today move to normal activity, with no occupancy restrictions, no need to display...

The Foreign Trade Administration at the Ministry of Economy and Industry will open a new economic diplomatic office in Abu Dhabi this summer, which will be a faith in the ties between Israel and the United Arab Emirates. The Economic offices will be a belief on behalf of the Ministry of Economy and Industry on strengthening trade and economic ties between Israel and the United Arab Emirates as well as on attracting foreign investment from the United Arab Emirates to the Israeli economy. Upon its establishment, this annex will join the system of economic annexes operated by the Foreign...

seems that the economy is emerging from the corona crisis, but it seems that many low-wage earners have not yet returned to work, and as a result, the average wage in Israel for Israeli workers soared to a peak of NIS 12,740 in March. This is an increase of 5.5% compared to February, when the average salary was NIS 12,079. Even the wages of foreign workers soared to NIS 7,045, an increase of more than 10% compared to the previous month, when their wages were only NIS 6,316. From data from the Central Bureau of Statistics (CBS), it can be learned that the preference of quite a few workers...