Economy


Economy
Calcalist: Milgam and Pheonix acquire Israel Postal Company, completing privatization process

The winners of the bid for the privatized company will take on its 440 million NIS of debt and fixed labor agreements.

Avi Woolf | 19.05.24

Israel-Gaza War, Economy

Calcalist: Israel experiences partial recovery in first quarter of 2024

After a sharp decline in annually calculated GDP in the last quarter of 2023 (23%), economic activity bounced back and increased by 14% the following quarter.

Avi Woolf | 16.05.24

Israel-Gaza War, Economy

Globes: Consumption up almost everywhere, including in north and south

Despite inflation and displacement, Israeli local consumption is rebounding - with some caveats.

Avi Woolf | 09.04.24

Economy, Sports Illustrated

Israeli company Minute Media acquires rights to Sports Illustrated

Minute Media Founder and CEO: "Sports Illustrated is the gold standard for sports media for 70 years."

Avi Woolf | 18.03.24

Local Elections, Economy

Spending more, voting less? Credit card purchases 12% higher this election

Israel Hayom reports that credit card expenses today have risen to over 928 million NIS by 17:00, while voting rates remain about 20% below the previous round of local elections.

Avi Woolf | 27.02.24

Israel-Gaza War, E-Commerce

Globes: Israelis are back to buying online - especially from China and supermarkets

An analysis by Globes shows that after a significant drop at the beginning of the war, Israelis are back to ordering online.

Avi Woolf | 19.02.24

Israel-Gaza War, Economy

Mixed news from January 2024 jobs report

The number of unemployed ticked up slightly, while the number temporarily absent or who ceased looking for work has gone down since December.

Avi Woolf | 19.02.24

Charedim, Economy

Israeli Central Bureau of Statistics: More Charedi Men Working Than Ever Before

There are now more Charedi men working then ever before, primarily due to the pressures of high interest rates and cost of living. However, their work productivity and pay remains relatively low.

Avi Woolf | 04.02.24

Jared Kushner, Finance

Jared Kushner's Affinity Partners Acquires 15% of Israeli Shlomo Group

The acquisition marks yet another example of Trump's son in law moving to invest in Israeli companies and demonstrate confidence in the country as a whole.

Avi Woolf | 01.02.24

WEF, Davos 2024, Javier Milei

Watch: Argentina President Javier Milei Addresses The World Economic Forum at Davos 2024

President Javier Milei of Argentina delivers a remarkable address at Davos during the World Economic Forum Annual Meeting 2024. Watch:

Abraham Gutman | 17.01.24

Israel-Gaza War, Bank of Israel, Economy

Bank of Israel Cuts Interest Rate by 0.25% Amid Cautiously Optimistic Forecast

After increasing interest rates over the past few years to curb inflation, the BoI cut the rate by 0.25% amid cautious optimism about inflation and the Israeli economy generally.

Avi Woolf | 01.01.24

Israel-Gaza War, Economy

Israeli Consumer Spending Close to Full Recovery - In Some Places

Data provided to Calcalist by the Shva automated banking service shows consumer spending holding steady a week after Hannukah and just below average for the year.

Avi Woolf | 28.12.23

Argentina, Economy

Milei Continues Liberalization of Economy Amidst Growing Crisis

Argentinian President Javier Milei announced further liberalization and privatization measures to deal with soaring inflation and other economic woes.

Avi Woolf | 21.12.23

Israel-Gaza War, Economy

Israel Struggling to Convince Countries to Send Foreign Workers

Ever since October 7, Israel has struggled to fill the gap left in agriculture, construction, and caretaking by Thai workers who fled and Palestinian workers who are barred.

1
| Avi Woolf | 13.12.23

Israel-Gaza War, Budget, Economy

Likud MK Edelstein Also a No on the Budget

The Knesset Defense and Foreign Affairs Committee Chairman sharply criticized the budget outline for 2023 as a "serious error."

Liran Vainshtain, JFeed Staff | 06.12.23

Israel-Gaza War, Budget, Economy

Economy Minister Barkat Threatens to Vote Against Budget

Minister Barkat also said that if businesses in the combat zones collapse and don't survive the war, it will amount to a Hamas victory.

Liran Vainshtain, JFeed Staff | 06.12.23

Israel-Gaza War

IDF Spokesperson: Reserves Being Drawn Down to Help Economy

Rear Adm. Daniel Hagari said that the IDF is regularly assessing how many soldiers it can free up for the economy while maintaining long-term fighting capability.

Liran Vainshtain, Yehuda Klein, JFeed | 20.11.23

Israel-Gaza War, Economy

Gallant: Economy's Future Depends on Decisive Defeat of Hamas

Gallant said "the strength of security and the strength of the economy are intertwined" in a meeting with the Governor of the Bank of Israel.

Liran Vainshtain, JFeed Staff | 18.11.23

Israel-Gaza War, Israeli Economy

New data: How much of the Israeli economy is shut down?

Since the outbreak of the war, reserve callups and civilian evacuation have led to multiple furloughs and resignations. The Labor Ministry has the numbers.

Chani Edri, JFeed Staff | 02.11.23

The Dollar Rises

Unstoppable: The dollar jumps to a three-year high

Despite credit rating agency Fitch's forecast to maintain Israel's credit rating, the dollar rose this morning and traded around 3.77 shekels, reaching a three-year high since the outbreak of the COVID-19 pandemic in 2020.

Yehuda Klein, Srugim News | 15.08.23