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News
Israel in the eye of the storm — But the economy tells a different story
1+ hour, 34+ min ago (582+ words) The Jerusalem Post...
The US-Iran war of attrition is taking a growing toll on Iran's economy
2+ day, 19+ hour ago (882+ words) Contrary to what the BBC or CNN would have us believe, the US is clearly winning the war of attrition against Iran. How much drivers in the US are paying at the pump is probably the most important test in…...
NIS 260 million on the way to hundreds of thousands of employees
6+ day, 15+ hour ago (344+ words) Good news for hundreds of thousands of workers in Israel: The Tax Authority will transfer today, Thursday, the first payment of the work grant for the 2025 eligibility year. Within the framework of this installment, a total sum of approximately NIS…...
Lost decade: Haredi men's employment stagnates
2+ week, 51+ min ago (539+ words) The demand for workers in 2025 rose sharply, bringing the adjusted unemployment rate for this year down to approximately 3.5%, and 3.2% without the deviation of the Twelve-Day War – a historically low level. This is according to the Ministry of Labor's 2025 labor market…...
Severe report: Historical peak in the number of unemployed tech workers
2+ week, 1+ day ago (547+ words) The number of unemployed Israeli tech workers is surging to a historic peak, standing at approximately 16.3 thousand people as of this past May, compared to about 7.7 thousand people in 2019. This is according to the tech report of the Employment Service…...
Bank of Israel lowers interest rate by half a point, now sitting at 3.5%
2+ week, 2+ day ago (354+ words) The Bank of Israel Monetary Committee lowered the national interest rate to 3.50% from 3.75%, the bank announced on Monday. The decision was made in response to the shekel's strength and a decline in inflation, though economic actors, notably exporters, were pressing…...
The Finance Ministry’s new move targets small savings
3+ week, 22+ hour ago (355+ words) The goal is for financial entities to compete for the public through returns, management fees, and service, rather than due to tax advantages. One of the central benefits in the reform is a cumulative deposit ceiling of up to NIS…...
"The Treasury took hundreds of billions from National Insurance surpluses"
3+ week, 1+ day ago (489+ words) The Jerusalem Post "From the collection surpluses transferred to the Budgets Department, amounting to hundreds of billions, there is not a single penny anywhere for a time of need." With these harsh words, Meir Spiegler, former director general of the…...
Study: "Israel’s Basket" led to a wave of price increases
3+ week, 3+ day ago (542+ words) The study found that the prices of the basket products in the participating Carrefour branches were indeed reduced by 35% compared to the period preceding the launch, and an average decrease of about 37% was recorded on the chain's online website. Some…...
Goldknopf proposes lowering the VAT to 17%
3+ week, 4+ day ago (275+ words) On January 15, 2024, cabinet members approved raising the VAT by one percent, as part of the state budget approval. It was decided that the increase would take effect in January 2025. The Finance Ministry pushed to execute the move following the high…...