Articles

The average mortgage taken by Israelis from the banks in May set a new record - NIS 879,000. This is compared to an average mortgage of NIS 866,000 in April and NIS 797,000 in May 2020. In the last five years, the average mortgage has risen by 30%, while the price of an average apartment has risen by only 15%, according to the Central Bureau of Statistics. Data from the Bank of Israel published today (Wednesday) join the report of a record total of mortgages in May, which stood at NIS 9.5 billion. The number of loans for the purchase of an apartment amounted to 10,773 loans in May,...

An expanded panel of the Supreme Court judges Thursday overturned a previous ruling in the court, stating that a woman who betrayed her husband should not be denied her entitlement to half the value of the house in which they lived. Were in the minority. The central question in which the judges ruled is whether infidelity could be a consideration in the decision to divide property between divorced spouses. In 2018, the High Court upheld the ruling of the Great Rabbinical Court in the case, thus strengthening its decision to consider treason in the division of property. Until then, the...

Binyamina is defined today as a red city according to the traffic light plan for the fight against Corona, due to the surge in morbidity in its territory. The definitions in the program have no practical significance since the removal of the restrictions in recent weeks, but they reflect high data on the number of patients in the city, the rate of positive tests and a change in the number verified in the last week. There have been no red settlements in Israel since March 30. Intelligence is defined as yellow today, and the rest of the cities in the country are green. Meanwhile, the upward...

Tens of thousands of people gathered on Friday afternoon in Tel Aviv to celebrate the city's 21st Pride Parade. Six giant colorful trucks lead the parade participants which begins at the Lahat Promenade and will pass from Snow Street at the corner of Herbert Samuel Street to Charles Clore Garden. Crowds dance and wave the flag of pride and the flag of the trans community. Yaniv, a member of the "Pink Front", said: "We were part of the Balfour protest with the Pink, and we continue from here because there is no democracy without equality, whether it is for LGBT people, Arabs, Jews,...

In the last day, 227 people have been diagnosed with the corona virus. This is the highest number of verified per day since April 7, when 276 infections were diagnosed. According to the data, about 120 of the verified are students and staff in the education system, 37 of their families and 12 others were infected abroad. % Of them are not vaccinated. The obligation to wear masks in closed spaces was returned yesterday (Friday) against the background of the point increase in morbidity that occurred in several centers in Israel. However, the police will focus mainly on enforcement against...

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...