ECONOMY

The company says it is making structural adjustments, mainly in the development department.

The Ministry of Finance and Ministry of Defense have reached agreement on providing budget supplements for 2025-2026, sources have informed "Globes."

The housing item accounted for more than a third of the rise in the CPI in June, and is expected to continue to surge.

Israel’s Consumer Price Index (CPI) rose more than expected in June, but housing prices fell for the third successive month.

Official figures indicating experienced workers being squeezed out may not be capturing the complicated dynamic on the ground.

For Jews in the UK, ideological and family reasons for considering moving to Israel are now joined by some serious tax considerations.

The rise in the number of jobseekers in the technology sector is largest among experienced, mid-level workers in what were once secure roles.

June 2025 saw the biggest monthly deficit since the start of the year, with a deficit of NIS 16.4 billion.

The sale in June was small, and targeted at restraining the sudden depreciation of the shekel in the immediate aftermath of Israel's strike on Iran.

The rating agency sees geopolitical risks for Israel remaining high, and says that the impact of the war on the country's economy and fiscal position could turn out to be worse than currently estimated.

Prof. Amir Yaron warns that the government will need to find budgetary sources for the Ministry of Defense's needs.

Sources tell "Globes" that many dozens of employees have been summoned to hearings in a wave of layoffs that will see the production plant in Kiryat Gat hit hard.

Ziklag, south of Kiryat Gat, was considered as a possible site for an airport in the past, but rejected because of Air Force flight paths.

The Bank of Israel Monetary Committee has kept the interest rate unchanged at 4.5% for the twelfth consecutive time.

Israel’s foreign exchange reserves at the end of June 2025 rose to $228.250 billion - a new record - an increase of $4.611 billion from their level at the end of May, the Bank of Israel reports.

The city ranks 28th out of 69 of the world's major cities for quality of life, while Israel was ranked second most expensive for cost of living.

Nvidia is fast on the way to overtaking Intel as Israel's biggest private tech employer but as a manufacturer Intel could still remain much more valuable to Israel's economy.

Leader Capital Markets estimates a 65% chance of an interest rate cut this week, due to the decline in Israel's risk premium and the sharp appreciation of the shekel.

The average wage in Israel in May 2025 was NIS 13,428, according to initial estimates by the Central Bureau of Statistics.

The Israel Tax Authority proposes legislation defining residency solely on the number of days spent in the country.

Accountant General Yali Rothenberg says the increase in government spending will be almost completely offset by higher revenue from taxes.

Bank Leumi nostro management head Danny Yardeni says the reduction in geopolitical uncertainty makes a cut sooner rather than later a possibility.

Bank of America sees it likely that the shekel will appreciate as the risk premium decreases, which will help reduce inflationary pressures while GDP accelerates.

Israel's Ministry of Finance has been working on several changes to the plan to adjust it to the unexpectedly swift end of the operation.

Following Tuesday morning's ceasefire, Israelis will be allowed to return to work and schools can reopen Wednesday morning.

The Ministry of Finance's plan for businesses and employees is retroactive from the beginning of the operation against Iran until June 30.

A major component of Israel's risk premium is disappearing before our eyes, explains Finessa Capital CEO Gat Megiddo.

The operation is estimated to be costing NIS 1 billion a day, and the Finance Ministry is readying to reopen the budget.

Average wealth per adult in Israel rose 7.8% in real terms in 2024, the Swiss bank reports.

For workplaces, routine activities can be conducted as long as it is possible to reach a protected space in the required time.

Intel VP manufacturing Naga Chandrasekaran said the company will cut 15%-20% of its production workforce worldwide, starting July, "Oregon Live" reports.