Economy

Israelis' spending on credit cards: a record was broken in online transactions

According to data from Sheba (Automated Bank Services), spending on credit cards returned to growth during the past month. In May 2023 there was a 7.2% jump in credit card spending compared to May last year. The total expenses amounted to NIS 40.942 billion. The average daily expenditure in May stood at NIS 1.321 billion

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Doesn't the dispute over the reform hurt growth? The optimistic report of the OECD

The economic forecast of the Organization of Industrialized Countries OECD was published yesterday, during the visit of Finance Minister Bezalel Smotrich to Paris as part of the Finance Ministers' Conference. All in all, this is a fairly optimistic report, although the risks of the reform cannot be ignored. The organization's economists believe that the controversy

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"Within 45 days": Knesset member Bitan's ultimatum to the credit companies watch

Knesset Member and Chairman of the Economy Committee, David Bitan, called today (Wednesday) during a debate in the Economy Committee, which dealt with the ownership of capital, for the Bank of Israel to allow credit card companies to raise cheap deposits from the public and for the credit companies to lower interest rates. Credit is

"Within 45 days": Knesset member Bitan's ultimatum to the credit companies watch Read More »

Doesn't the dispute over the reform hurt growth? The optimistic report of the OECD

The economic forecast of the Organization of Industrialized Countries OECD was published yesterday, during the visit of Finance Minister Bezalel Smotrich to Paris as part of the Finance Ministers' Conference. All in all, this is a fairly optimistic report, although the risks of the reform cannot be ignored. The organization's economists believe that the controversy

Doesn't the dispute over the reform hurt growth? The optimistic report of the OECD Read More »

The Director of the Tax Authority warns: "VAT reduction on food products – open to combine harvesters"

The Director of the Tax Authority Eran Ya'akov outright rejects the initiative to introduce a differential VAT on food products, which was proposed by the Chairman of the Economic Committee MK David Bitan (Likud). Finance Minister Bezalel Smotrich also rejects the initiative. The scope of the state's revenues from VAT "M amounted to NIS 138

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"Within 45 days": Knesset member Bitan's ultimatum to the credit companies watch

Knesset Member and Chairman of the Economy Committee, David Bitan, called today (Wednesday) during a debate in the Economy Committee, which dealt with the ownership of capital, for the Bank of Israel to allow credit card companies to raise cheap deposits from the public and for the credit companies to lower interest rates. Credit is

"Within 45 days": Knesset member Bitan's ultimatum to the credit companies watch Read More »