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ECONOMY

Shekel-dollar ASAP Creative As the shekel strengthens, will history repeat itself?

Despite a recent dip, current market conditions are very similar to those of early 2017.

IBM Photo: Tamar Matsafi IBM Israel laying off dozens in storage division

IBM is reorganizing its Tel Aviv development center, which is based on the 2008 acquisition of XIV.

Price rises Design: Tali Bogdanski Israeli consumers besieged by wave of price rises

Municipal property taxes, water rates, and dairy and bread prices are all set to rise.

Perrigo Yeruham  photo: Netanel Levi and Patrick Mazuz Perrigo guarantees 5 years Israel operations in Yeruham

The workers in the Yeruham plant will also receive bonuses and pay hikes under the agreement signed with Perrigo's management.

Growth Photo: Shutterstock OECD cuts Israel's 2019 growth forecast

The OECD lowered the 3.5% forecast for Israel's economic growth to 3.1% and warns that essential measures such as tax hikes should be introduced.

Zvi Livnat Photo: Anat Levron Len Blavatnik sells 50% Taavura stake

Leumi Partners and Phoenix have each acquired 20% stakes and the Livnat brothers, who owned the other 50%, have increased their stake to 60%.

Amir Yaron  photo: Rafi Kutz BoI keeps rate unchanged due to low inflation, strong shekel

The Bank of Israel Monetary Committee has left the June interest rate unchanged at 0.25%.

Crane collapse in Yavne Photo: MDA Four killed as crane collapses in Yavne

20 people have been killed and 70 injured in building site accidents in Israel since the start of the year.

Yifat Oron  photo: Eyal Izhar European Investment Fund, Leumi expand tech credit

The new agreement under the EU's Horizon 2020 program makes $600 million credit available to Israeli technology companies and companies investing in innovation.

Growth Photo: Shutterstock Israeli economy grew at 5.2% in Q1 2019

Economic growth was boosted by an exceptionally large rise in vehicle imports, the Central Bureau of Statistics reports.

High-tech employees Photo: Shutterstock ASAP Creative Proportion of Israeli workforce in high tech to rise sharply

Aaron Institute for Economic Policy researchers predict that the proportion will rise from 9% at present to 15% by 2030.

inflation CPI up 0.3% in April, housing prices up 0.1%

Inflation was 1.3% in the past 12 months, while due to the latest rise housing prices rose 0.5% in the past 12 months, Israel's Central Bureau of Statistics reports.

Eli Cohen  photo: Tamar Matsafi Personal imports to Israel become easier

A new ordinance sets time limits for issuing permits and regulates quantities allowed.

Egged buses Photo: Nati Yefet Road open to Egged sale

After Egged members overwhelmingly supported the move to turn the public transport cooperative into a limited company, it will now look for an investor.

Israel's Embassy in Nigeria Photo: State Comptroller Israeli diplomats in slum-like conditions, Comptroller finds

Israel's Ambassador to Nigeria has complained about the rats and lice while the Ambassador to Brazil had to sleep on a mattress, the State Comptroller report says.

Rafael anti-tank missile Photo: Rafael Rafael uses puzzles to recruit algorithm specialists

The government defense company has devised an eight-stage puzzle to attract the attention of and select potential employees.

career  image: Shutterstock The secret path to promotion

People concentrate on managerial or professional promotion, while neglecting the possibility of promotion by moving to the core of an organization.

Careers Photo: Shutterstock ASAP Creative Lean into your next career

Once we accept that careers also have life cycles, it will be easier for us to adapt to the new world of work, explains Nirit Cohen.

Tel Aviv traffic jam  photo: Eyal Izhar The new government's economic challenges

Transport, energy and healthcare are three areas where big decisions loom, and determination will be needed to carry them out.

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