Articles

Years of regulatory stagnation, problematic government policies and the relentless exchange of ministers in the responsible ministry have brought the Israeli communications market to a significant laggard vis-à-vis the Western world in terms of communications infrastructure - both fixed and mobile. An internal report by Dr. Ofer Raz-Dror, VP of Economics at the Ministry of Communications, presents a rather bleak picture of the country's infrastructure. Israel lags significantly behind the world in deploying stationary infrastructure and is below the EU average, very far from the...

WeSure GlobalTech reported the signing of an agreement to acquire control (approximately 50.44%) in the Ayalon Holdings Group from Adv. Moran Meiri, the estate manager of the late Levi Yitzhak Rahmani, the former controlling shareholder in the company. WeSure, which signed the deal with Ayalon on Friday, will pay NIS 354.5 million for the shares - that is, the deal was made at a value of NIS 700 million, while on the stock exchange Ayalon is traded at a value of NIS 500 million. WeSure indicates that they have several options for financing the transaction, and that they are currently...

The Corona Cabinet convened on Sunday for the first time since the formation of the government, deciding that no new restrictions will be imposed on the public following the rise in viral morbidity. The ministers discussed measures to prevent the re-spread of the corona and to curb the delta strain in Israel. During the discussion, the ministers demanded information from Ministry of Health officials regarding the vaccination of children. Shortly before the cabinet convened, the director general of the Ministry of Health, Prof. Hezi Levy, announced his resignation. The Corona Cabinet has...

At the Alon headquarters in the Home Front Command, efforts are being expanded to curb the corona virus, in light of the recent outbreaks of the Delta strain across the country. "The increase in morbidity is abnormal compared to what we expected," says a senior official at the headquarters, "because it is not just in children." He stressed that the headquarters is conducting "aggressive operations", which include sending epidemiological investigations and sampling to each outbreak point, and even increasing the number of investigators by about 500. However, for now there is no intention to...

"The framework of labor relations and wage rules in the public sector in Israel have remained almost unchanged since the 1950s." This is stated in a report on the wage strategy in the public sector in Israel, published by the Organization for Economic Co-operation and Development (OECD), which includes a review of the wage mechanisms and bargaining systems in the public sector in Israel, along with operational proposals for efficiency. In the report, the authors point to various characteristics of the salaries of public sector workers in Israel, which they claim adversely affect...

Renewable energy company Enlight, managed by Gilad Yavetz, has signed an agreement to acquire 90.1% of the shares of the American company Clenera for up to $ 390 million - that is, at a company value of up to $ 430 million. The founders of the acquired company, its CEO and VP of Operations, will continue to hold 9.9% of Clinara shares and remain in office. The final consideration that Analyte will pay is conditional on the milestones of the development of the photovoltaic asset portfolio owned by the acquired company, and the continued tenure of the CEO and VP of Operations for a period of...

The unpaid vacation law was approved in the Knesset on second and third reading at the end of an exhausting night of debates and about 75 votes in the plenum. The law stops extending unemployment benefits to over 200,000 Corona unemployed by the age of 45. This means they will still receive payment for the month of June but will not receive any payment for July. The Minister of Finance passed in the Knesset his decision to take a stricter line on the issue of extending unemployment benefits with almost no changes, with the help of the chairman of the finance committee from his party, MK...

After the average wage in the economy for Israeli workers rose in February and March and reached a peak of NIS 12,740 - it fell in April by 6.9% compared to the previous month to NIS 11,661. This is according to data published by the Central Bureau of Statistics (CBS). During the crisis, which may explain the sharp decline in the average wage this month. The largest increase in the number of employee jobs was in the accommodation and food services industry - 12.5% ​​and in the entertainment and leisure arts industry - 11.1%. These industries were the main victims of the Corona crisis, and...

Prime Minister Naftali Bennett, Finance Minister Avigdor Lieberman, Justice Minister Gideon Saar, and Deputy Prime Minister Avir Kara held a press conference in which they presented a "national plan to reduce regulation and bureaucracy." The trials, already six months ago, during the previous government term. Prime Minister Bennett said that prices in Israel are very high and the government headed by him is not ready to accept the reality. "The truth must be told, the real cause of business awkwardness and the cost of living is the government itself. Everything is going to change, the...