Economy

The Tax Authority and the Ministry of Finance are preparing to expand the 'Israel Invoices' reform, planning to mandate allocation numbers for all transactions, regardless of amount, to combat fictitious invoicing.

The month of July brought good news with a drop in fuel prices, but the upcoming update is expected to cancel it out almost completely. Drivers in Israel will feel the blow to their pockets as early as the beginning of next month, despite the tax safety net.

In collaboration with the Central Elections Committee, a major recruitment drive for logistics, ushering, and support roles will begin in about a week, connecting national staffing needs with job seekers across the country.

Transactions over 15 million pounds have surged by 79%, yet the broader luxury market is losing buyers, with average city prices falling by 3.7%. High taxes, interest rates, and supply levels are creating opportunities for cash-ready buyers with strong negotiation skills.

The owner of the Jerusalem sabich stand "Ha-Sabichiya shel Yigal" is challenging a Tax Authority demand for 132,000 NIS in additional VAT. The dispute focuses on waste rates and production losses.

Julius Baer estimates that the surge in oil prices is mainly due to geopolitical tensions, but believes it is a temporary move on the path to resuming negotiations, rather than a crisis that will spiral out of control.

Phoenix and Menora, two of Israel's largest institutional entities, have partnered with BST Group to acquire a rental housing portfolio in Toronto for 332 million shekels. This marks the first step in a strategy aimed at a tenfold increase in assets.

Following prolonged confrontations, Histadrut Chairman Arnon Bar-David announced the dismissal of Alexandra Krushinski, chair of the MAHAR union for academics in social and human sciences, citing management failures and crises of trust. Krushinski condemned the move as a violation of the members' democratic right to choose their representatives.

About a month and a half ago, the real estate company G City announced the appointment of Keren Khalifa as CEO, replacing Haim Katzman. However, the expected transfer of control and the plans of Tzahi Abu and Kidan Dahari to lead G City in a new direction raise questions regarding the realization of this appointment.

The tariff received by solar roof owners is expected to decrease starting in 2027, though the exact figures remain undetermined. The current rate, ranging from 48 to 54 agorot per kWh, is considered high and is passed directly to electricity consumers.

The food and beverage giant is expanding into the ready-made meals sector with a new stew in its "Strauss in a Box" series. The company aims to provide a quick, high-quality dining solution for busy consumers.

A positive trend is recorded today in digital currency trading, with Bitcoin and Ethereum leading the gains. Here are the latest details on market prices and updated market capitalization.

A simple survey on choosing between a certain sum and a gamble for a large prize became a heated discussion online, but behind it hides one of the defining experiments of behavioral economics. Do most people prefer certainty over a higher expected value?

The US is intensifying pressure to reduce Chinese participation in major Israeli infrastructure projects, specifically the metro. News 12 has learned that the US economic attaché recently met with Accountant General Michal Abadi-Boiangiu to discuss the involvement of companies from nations deemed "not friendly to Israel." The Ministry of Finance rejects this pressure, encouraging American firms to...

As Israel celebrates Tu B'Av this week, the Mashbir chain has introduced significant promotions. Customers can enjoy discounts on a wide range of perfumes, accessories, and lingerie.

The city of Ofakim is rapidly transforming into a massive construction site. Despite concerns over supply, the Israel Land Authority (ILA) is set to market 1,500 more units next month. We examine the driving forces behind this growth and the current real estate pricing.

S&P Maalot has affirmed the 'ilAA' credit rating for the Shufersal Group with a stable outlook. Analysts highlighted that the growth and efficiency strategy led by co-CEOs Yossi and Shlomi Amir continues to bolster the company's business profile.

Niv Sarne, who took office as chairman of NewMed Energy on June 1, will replace Yossi Abu as CEO early next week. Abu has led the company for the past 15 years.

The company, known for its workplace lunch solutions, is launching a new card that includes a range of benefits — a kind of consumer club. The card is intended for employees of companies that use 10bis services, who will be able to receive cash refunds and 10% discounts at various chains and brands.

Israeli gaming company Papaya Gaming announced a strategic move to lay off approximately 30 employees. The company currently employs about 400 people.

The successful sports brand is increasing the pace of store closures across the USA in response to growing competition from young and flexible brands. Despite this, the company clarifies that they do not intend to give up their physical presence.

The Israeli government has approved a ban on the import of goods produced by forced labor. This move is an attempt to prevent new US tariffs of 12.5% on Israeli exports.

Andre Tabakoff has been appointed as the capital markets editor of Calcalist. He brings over two decades of senior editorial experience in the Israeli economic press to the role.

Elite has introduced a limited-edition 'Ta'amei X' chocolate bar featuring peanut butter, pretzels, and popping candy, alongside a new watermelon-flavored 'MUST Crunch' sugar-free chewing gum.

The acquisition of LivePerson by SoundHound AI has received final regulatory approval in Bulgaria, clearing the path for the deal's closure. For long-term investors, the transaction marks the end of a painful chapter, resulting in a near-total loss of capital.

The major banks in Israel surprised the Ministry of Finance and announced an early severance of financial ties with the Authority. The reason: fear of lawsuits over terror financing and a lack of backing from the state.

Tenants who moved to a different apartment paid on average 6.6% more than previous occupants, compared to a 2.6% increase upon contract renewal. This gap makes moving particularly expensive and strengthens the landlord's position during tenant turnover.

A new study by real estate appraiser Dr. Asaf Gastfreund examined the value of apartments with and without a MAMAD in a Haifa neighborhood — a city where 77% of apartments are not protected. The results are surprising.

In this week's Globes review, we analyze the performance of Israeli stocks on Wall Street. Check Point faces scrutiny ahead of its earnings report, Varonis awaits news regarding a potential sale, and Global-e shares rally following a target price upgrade.

The Northern District Appeals Committee has ruled that the Safed Academic College can proceed with its student dormitory project in the Old City, rejecting the Local Committee's objections regarding transportation planning.

A resident of central Israel who won 10 million shekels shared his modest plans for the future. The winner intends to maintain his current lifestyle while treating his family, including his son serving in the IDF.

Fears of a renewed security escalation with Iran sent the defense giant's stock to a sharp jump, propelling it to second place in market value—effectively the first in Israeli terms. Tower also surged, but the weekend in the USA shuffled the cards.

Private investors, once the most ardent supporters of 'Magnificent Seven' stocks, are shifting their focus toward smaller companies involved in AI infrastructure.

This is not the first time that Shikun & Binui and Generation have pushed back the deadline in a deal of more than 4 billion shekels that could change the balance of power in the Israeli energy market. In the background, the Keystone offer by Navot Bar continues to hover.

Macro data shows that the rise in energy costs has barely trickled down to other inflation components, while consumers in Israel are in a particularly strained economic situation that limits market demand.

The 2026 Ministry of Interior report reveals a massive disparity in construction starts across Israel: while Jerusalem and Tel Aviv-Yafo lead with thousands of new units, many smaller or established towns face stagnation, with some recording zero new construction starts in 2024.

The popular Israeli fashion chain Tamnun has launched a massive sale across all its branches, offering a wide range of items for the whole family at reduced prices.

A new tender in the south allows combat reservists, especially if they are local residents, to receive land at a negligible price. The problem: development costs. How much will it cost them to build a villa and is the deal worth it?

A WeChat project manager was fired and blacklisted after a screenshot of his 3.17 million yuan compensation package was circulated on social media.

The state has cancelled a 1.3 billion shekel grant for Intel following the freeze on the expansion of its Kiryat Gat plant. The Ministry of Finance decided not to wait for progress, though it kept a separate grant scheduled for 2026.