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Vesty
Vesty is a russian portal outlet. We translate its reports into English and compare them with 43 other newsrooms.
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The last 30 days
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38%first to report
158 mintypical time behind the first report
100%carry a named author
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How Vesty writes
Vesty's tone this month is neutral. On Netanyahu, the police, the IDF, Eisenkot and the Knesset its wording is in step with the other newsrooms.
From 670 reports this month, judged without the newsroom's name. How this is measuredOnly Vesty had it
Israel's Cancer Care Funding Lags Behind Medical AdvancesHealth · 9h agoNetanyahu Urges Unity Government to Counter Existential ThreatsPolitics · 9h agoWeekend Habits Pose Risks for Heart Failure PatientsHealth · 12h agoBig stories Vesty skipped
Israel's Attorney General Ordered to Appear in Netanyahu TrialCovered by 20 newsroomsNetanyahu Urges National Unity Government, Invites Eisenkot to Unconditional TalksCovered by 18 newsroomsIsraeli Arrested in Bulgaria Murder Case Linked to MillionsCovered by 15 newsroomsLatest from Vesty
Economy · 1d agoIsrael Rises to 25th in World's Largest Economies Despite Ongoing WarIsrael has risen to 25th place among the world's largest economies, with its GDP projected to reach $747 billion in 2024, a 21% increase. This advancement occurred despite ongoing conflict and significant defense spending. The rise is attributed to real economic growth, a strengthening shekel, and the relative nature of global economic rankings. While the economy shows resilience, challenges like budget deficits and labor shortages persist, raising questions about translating growth into improved living standards for all citizens.Economy · 2d ago · also in 4 newsroomsUS Chipmaker Marvell Cuts Dozens of Jobs at Israeli Development CentersAmerican semiconductor company Marvell has laid off dozens of employees at its Israeli development centers, affecting one engineering team. The company stated these cuts are a localized decision to align resources with business needs and not part of wider layoffs. Marvell has operated in Israel for over 25 years and plans to continue expanding its presence there.Economy · 2d agoTrump's Iran Deal Statement Sparks Dollar, Oil Price SurgesU.S. President Donald Trump's declaration that the U.S. "no longer needs an agreement with Iran" caused the dollar to strengthen against the Israeli shekel and boosted global oil prices. The dollar reached 3.20 shekels, and Brent crude futures rose to $94.20 per barrel. Trump also instructed Vice President J.D. Vance to cease negotiations with Iran. The statement followed a report of Vance considering direct talks with Iranian officials.Economy · 2d ago · also in 2 newsroomsIsraelis Face Unexpected VAT on Online Purchases Over $75 ThresholdIsraeli shoppers are encountering unexpected VAT charges on online purchases from abroad when sellers declare pre-discount prices that exceed the $75 tax exemption. One shopper, Yael, was charged 118 shekels in VAT for orders that cost less than $75 after discounts. The Tax Authority requires proof that discounts and free gifts were part of general promotions, not individual concessions. Yael plans to reapply for a refund with additional evidence of the promotion's terms.Economy · 3d agoIsraeli Man Loses Spam Lawsuit Against Retailers, Must Pay NIS 60,000An Israeli man sued Super-Pharm and McDonald's for allegedly sending unsolicited promotional messages with SMS receipts, violating anti-spam laws. The court ruled that the messages were primarily service-oriented receipts, with incidental advertising permissible. The man lost his case and was ordered to pay NIS 60,000 in legal fees to the companies. He plans to appeal the district court's decision to the Supreme Court.Economy · 5d ago · also in 2 newsroomsKFC Israel Chain Faces Sale After Court ApprovalA court has approved the sale of the KFC fast-food chain in Israel, which owes approximately 50 million shekels. Temporary administrators have been appointed and are seeking bids for the business, with several interested parties already identified. The chain, operating 12 branches and employing 120 people, is facing supply shortages and financial distress attributed to the recent security escalation.Economy · 7d ago · also in 4 newsroomsS&P Affirms Israel's 'A' Credit Rating with Stable OutlookInternational rating agency S&P affirmed Israel's credit rating at 'A' with a stable outlook following its semi-annual review on November 6. The agency did not publish a detailed report, stating that core rating factors remained unchanged. Israel's rating is two notches below its pre-war level, with S&P citing high defense spending as a key pressure. Meanwhile, Moody's maintains a Baa1 rating with a stable outlook, warning of risks to state institutions, while Fitch holds an 'A' rating but a negative outlook, citing political instability concerns.Economy · 8d ago · also in 4 newsroomsTel Aviv Stock Exchange Surges on Positive Political OutlookThe Tel Aviv Stock Exchange rallied significantly on Friday, November 6, with major indices like TA-35 jumping over 3%, driven by optimism about potential government formation in Israel. This rebound followed sharp declines earlier in the week and a global market crash, including on Wall Street. The dollar also weakened against the shekel, falling below 3.20. The positive sentiment contrasts with earlier fears impacting tech stocks globally.Economy · 8d ago · also in 2 newsroomsDollar Surges Against Shekel Following Wall Street PlungeThe Israeli shekel dropped to its highest point against the U.S. dollar since December 2025, reaching 3.209 shekels per dollar on November 6. This weakening is linked to a Wall Street decline and is explained by risk hedging strategies employed by Israeli financial institutions. Experts predict the dollar will continue to strengthen due to ongoing market panic.Economy · 9d agoIsraeli Markets Reel Amid Global Turmoil, Analysts Advise CalmIsraeli financial markets experienced a significant downturn on November 5, with the Tel Aviv Stock Exchange falling sharply and the shekel weakening against the dollar. Analysts attribute this to a combination of U.S. market corrections, local political uncertainty, and increased regional risk. Experts advise investors to remain calm and hold their positions, while the Association of Industrialists sees benefits for exporters from the weaker shekel.Economy · 9d agoIsraeli Stocks Plunge, Dollar Hits 2026 High Amid Global Market Sell-offThe Tel Aviv Stock Exchange plummeted on Thursday, November 5, with the TA-35 index falling 3.69%, while the dollar reached a 2026 high of 3.2046 shekels. U.S. markets also dropped sharply, with the Nasdaq down 4%, amid investor fears of increased regulation on AI infrastructure. Israeli companies traded in the U.S., including Tower Semiconductor and Elbit Systems, experienced significant losses.Economy · 10d ago · also in 1 newsroomIsrael Tightens Car Import Rules, Affecting Small-Batch Electric VehiclesIsrael's Ministry of Transport is ending the "small batch" import allowance for cars, a rule previously used to encourage electric vehicle imports, especially from China. The change means most electric cars will need to meet full European standards to be sold. This will affect older models and potentially reduce the variety of electric vehicles available, though commercial electric vehicles might still qualify for exemptions.Economy · 16d ago · also in 2 newsroomsAliExpress Launches Local Platform for Israeli SellersChinese e-commerce platform AliExpress will launch a dedicated marketplace for Israeli sellers on November 1, enabling them to sell directly to local consumers. This initiative aims to increase product variety and reduce delivery times within Israel. Israeli businesses will gain access to a large customer base and AliExpress's infrastructure, though they face competition from Chinese pricing. This follows previous attempts by both AliExpress and Amazon to establish a stronger local presence in Israel.Economy · 16d ago · also in 2 newsroomsIsrael Fuel Prices to Drop November 1, Future Hikes PossibleThe price of 95-octane gasoline in Israel will decrease to 7.35 shekels per liter on November 1. However, without an extension of the excise tax reduction, prices could jump to 8.35 shekels on November 5. Experts suggest the tax break might continue, possibly at a reduced rate. Previous price records and excise tax adjustments are noted, with concerns raised about the budget impact of these measures.Economy · 17d ago · also in 2 newsroomsIsrael Sets Spending Record on Election DayIsraelis spent a record 1.752 billion shekels on bank cards during the recent Knesset election day, a 30.2% increase from the previous election in 2022. The holiday was used for extensive shopping, with significant spending in restaurants, leisure, and electronics. Physical store purchases surged by 58% while online sales dropped, except for clothing. Regional spending varied, with some areas seeing threefold increases in purchases.Economy · 17d ago · also in 5 newsroomsIsrael Faces Fuel Price Hike Post-Election as Minister Seeks to Mitigate RiseIsraeli Finance Minister Bezalel Smotrich is considering extending fuel tax reductions past the upcoming elections to prevent prices from nearing nine shekels per liter. The current tax cut expires November 4, with prices expected to rise to at least 8.77 shekels due to global market trends. The government has already spent nearly 500 million shekels on fuel subsidies, and further reductions carry significant budget implications.Economy · 17d agoIsraeli Markets Dip and Dollar Surges After Knesset ElectionsFollowing the Knesset elections, the Israeli shekel weakened significantly against the dollar and euro, with the dollar reaching 3.12 shekels by midday Wednesday. This currency depreciation is projected to push gasoline prices above 9 shekels per liter by November 1. The Tel Aviv Stock Exchange also saw major indices fall sharply, including the TA-90 by 4.3%, in reaction to the election outcomes.Economy · 17d agoGlobal Tourism Shifts: Iceland, Albania, and Central Europe Boom While Cuba and Myanmar DeclineGlobal tourism trends show significant growth in Iceland, Albania, and Central European cities like Prague, driven by natural attractions, affordability, and historical appeal. Conversely, Cuba and Myanmar are experiencing severe downturns due to economic crises, political instability, and conflict. Dubai and Saudi Arabia continue to invest heavily in tourism infrastructure, while El Salvador and Colombia are rebranding from dangerous areas to attractive destinations. Turkey remains a top global destination, though it is now largely inaccessible for Israeli tourists.Economy · 17d ago · also in 3 newsroomsIsrael Announces Winter Discounts on Passport ApplicationsIsrael is introducing winter discounts on passport applications, effective November 1, 2026, through February 28, 2027. Adults applying online will pay 185 shekels instead of 290, with further reductions for soldiers and minors. Payments must be made online during the promotional period, but appointments can be scheduled until April 30, 2027. The discounts also apply to replacing lost or stolen passports, albeit at higher rates.Economy · 18d ago · also in 17 newsroomsIsraelis Spend Big on Election Day, Boosting Retail SalesIsraelis significantly increased credit card spending on election day, October 27, with 251 million shekels spent by 11:00 AM, a 26.5% rise from the previous election day. Shopping malls reported a 2.5-fold increase in visitors and revenue. Food and beverages, along with online purchases, dominated spending categories, while fashion saw a notable surge in transactions.Economy · 19d ago · also in 1 newsroomFour Airlines Expand Flights From Israel With New Routes and Increased CapacityUnited Airlines and Etihad Airways are expanding flight options from Israel. United is adding direct flights to Chicago and Washington, with San Francisco planned for 2027, while Etihad is increasing seat capacity on its Tel Aviv-Abu Dhabi route with larger aircraft. British Airways and Iberia are also set to resume flights to London and Madrid. These expansions are occurring as foreign airlines gradually return to the Israeli market, though flight schedules remain contingent on security situations.Economy · 19d ago · also in 3 newsroomsIsraeli Catering Firm 'Li Bar' Co-Owned by Actor Sold for $50 MillionThe Israeli catering company "Li Bar," founded by Masudi Yifrah, has sold a 50% stake to the Sky investment fund for 200 million shekels. The company, which started as a small canteen for soldiers over 35 years ago, now employs 1,500 people and has an annual turnover of 400 million shekels. Actor Eli Yatzpan served as an intermediary in the deal, which values the company between 350 and 400 million shekels. This investment reflects a growing trend of capital funds entering the food service industry.Economy · 19d agoExperts Weigh Impact of Israeli Election on Shekel and Regional StabilityForeign investors anticipate that Israel's October 27 election results could impact the shekel's exchange rate by up to 3%. Analysts suggest an opposition win might strengthen the currency and improve regional relations, while a Netanyahu victory could increase tensions with Iran. Despite concerns over war costs and reduced foreign holdings in Israeli stocks, some investors remain optimistic about Israeli bonds and the economy.Economy · 20d ago · also in 2 newsroomsIsraeli Housing Prices Decline for First Time in a YearIsraeli housing prices have decreased by 0.6% in July-August, marking the first annual drop of 1.8%. New apartment prices also fell by 0.4%. Recent transactions show significant price variations across cities, with a 3-room apartment in Be'er Sheva selling for 600,000 shekels and a private home in Holon for 5.355 million shekels. Lower prices were noted in northern cities like Nahariya and Acre.Economy · 20d ago · also in 1 newsroomIsraeli Economist Develops Calculator for Sanctions ImpactAn Israeli economist, Dr. Peleg Samuels, has launched a calculator allowing Israelis to estimate the financial impact of potential economic sanctions. The tool models three scenarios, showing potential monthly losses ranging from hundreds to thousands of shekels for hypothetical families, depending on the severity of sanctions. The calculator also considers increased mortgage payments and potential job losses, particularly in the tech sector, and was developed in response to Prime Minister Netanyahu's remarks about cryptocurrency adoption.Economy · 20d ago · also in 5 newsroomsEl Al Proposes Significant Pay Raise for Board ChairmanEl Al is proposing to raise the annual compensation for its Board Chairman, Amikam Ben-Tzvi, to about 7 million shekels and move him to a full-time position. The proposal, to be voted on by shareholders, comes as El Al's stock has surged 43.3% in three months, reaching an all-time high. The airline is also seeking to approve a three-year release from liability for Ben-Tzvi and CEO Levi Halevi.Economy · 20d ago · also in 2 newsroomsFour Airlines Expand Flights to Israel Amid Market RecoveryFour international airlines, including United Airlines, Etihad Airways, British Airways, and Iberia, are expanding or resuming flights to and from Israel. This move signifies a recovery in the Israeli aviation market and increased demand for connecting flights. While some airlines are adding routes and capacity, schedules remain subject to security developments. The expansion is expected to increase competition on European routes.Economy · 20d ago · also in 8 newsroomsIsrael Gasoline Prices Nearing 9 Shekels as Tax Break ExpiresIsrael's gasoline prices are projected to reach nearly 9 shekels per liter as a fuel tax reduction expires on October 31st. The potential 1 shekel per liter increase, coupled with a strengthening dollar, could push prices to a historic high. This price hike is expected to contribute to a half-percent rise in inflation in November. The Finance Minister has not yet decided whether to extend the tax relief measure.Economy · 21d ago · also in 1 newsroomIsraeli Cars Drive 69.3 Billion Kilometers AnnuallyVehicles in Israel drove 69.3 billion kilometers in 2025, a 2.6% increase from the prior year, with passenger cars making up 80.5% of the total. Leased company cars and company-owned cars were driven more than privately owned vehicles, and electric cars had higher mileage than gasoline cars. Newer cars also showed higher average annual mileage. Hybrid taxis surpassed diesel taxis in number for the first time.Economy · 21d agoNetanyahu Explores Digital Currencies to Evade Potential SanctionsIsraeli Prime Minister Benjamin Netanyahu is considering digital currencies to counter potential banking sanctions, drawing inspiration from countries like Russia. Sanctioned entities reportedly received over $104 billion in cryptocurrencies in 2025, with Russia, Iran, North Korea, and Venezuela increasingly using digital assets to bypass financial restrictions. While Russia has launched a digital ruble for foreign trade, North Korea relies on cyber theft, and Iran uses crypto for financing. The article notes vulnerabilities in stablecoin-based schemes, prompting Russia's move towards an independent digital currency.Economy · 21d ago · also in 7 newsroomsEconomists Denounce Netanyahu's Crypto Sanctions Evasion PlanIsraeli Prime Minister Benjamin Netanyahu's proposal to use cryptocurrency to bypass potential international sanctions has been met with strong criticism from economists and former officials. Experts like Yair Avidan and Yarom Ariav argue that blockchain is not a viable tool for sanctions evasion and that such a policy would isolate Israel, damage its economy, and align it with rogue states. Professor Yair Zimon warned of severe consequences including capital flight, currency collapse, and the departure of high-tech industries.Economy · 22d agoIsraeli Contractors Face Worker Shortages, Foreign Competition Amid Economic WoesIsraeli renovation contractors are experiencing a critical labor shortage, with many workers leaving the industry, as highlighted by Eran Siv, Chairman of the Association of Renovation and Finishing Contractors. The situation is worsened by the departure of Palestinian workers and slow government progress in admitting foreign labor. Additionally, concerns were raised about foreign companies potentially harming local businesses, and about the economic impact of the budget deficit on small and medium enterprises.Economy · 23d ago · also in 2 newsroomsBillionaire Bill Ackman Visits Israel, Invests in Tel Aviv Stock ExchangeBillionaire Bill Ackman visited Israel to enable his wife to vote and announced an investment in the Tel Aviv Stock Exchange following the October 7th attacks. He believes Israel's AI talent pool will drive economic success, contrasting it with Europe's challenges. Ackman also discussed regional security with Prime Minister Netanyahu and expressed concerns about socialist influence in the U.S. Additionally, he is establishing a brain research institute after his daughter's stroke and explored rehabilitation options with Sheba Medical Center.Economy · 23d ago · also in 1 newsroomNorway Pension Fund Posts $29.7 Billion Loss After Israeli DivestmentNorway's Government Pension Fund Global reported a $29.7 billion loss, partly due to "increased caution" in tech stocks, following a significant divestment from Israeli companies. The fund sold shares in companies like Bezeq and Paz, citing "ethical considerations" related to settlements and the "occupation of Palestinian territories." The divestments, influenced by Norway's policy, included 11 companies on August 11, 2025, and Israeli banks worth $2 billion on August 26, 2025. The fund manages approximately $2.2 trillion in assets.Economy · 23d ago · also in 17 newsroomsIsrael to Increase Regulated Egg Prices by 2.1% in NovemberRegulated egg prices in Israel will increase by about 2.1% starting November 1, 2026, raising the cost of a dozen eggs by up to 33 agorot. The Ministry of Agriculture cited rising production costs for the "moderate" increase. Separately, flour prices will jump 10%-15% due to supply chain issues from the Russia-Ukraine war, expected to increase bread and pastry costs.Economy · 23d ago · also in 2 newsroomsIsrael Ranks Fifth Globally in Pension System Index, Achieving Top 'A' GradeIsrael's pension system ranked fifth globally in the 2026 Global Pension Index, earning an 'A' rating. The Netherlands secured first place, with Denmark, Iceland, and Singapore also in the top five. Israel improved its scores in benefit adequacy and governance, though its sustainability score slightly declined. The index evaluates benefit adequacy, sustainability, and governance, with demographic challenges posing a significant threat to pension systems worldwide.Economy · 24d agoBank of Israel Holds Key Interest Rate at 3.25%The Bank of Israel's Monetary Policy Committee decided on October 21 to keep the benchmark interest rate at 3.25%, aligning with analyst predictions. This decision comes after three prior reductions, despite inflation being below the government's target. Political and economic factors, including election uncertainty and defense spending, may have influenced the cautious approach. Two more rate cuts are possible in the coming months if economic and security conditions remain stable.Economy · 24d ago · also in 5 newsroomsNuvei Secures Israeli License, Promising Lower Prices for Online ShoppersCanadian fintech Nuvei has received an Israeli acquiring license, enabling it to process local payments for foreign merchants like Shein and Temu. This move is expected to reduce transaction costs for sellers and potentially lead to lower prices for Israeli consumers. Nuvei's president, Yuval Ziv, highlighted that Israelis will gain more payment options for international online purchases. The company, which already has a significant presence in Israel, aims to expand its local operations and serve Israeli tech exporters.Economy · 24d agoIsrael Faces Bread Price Hikes Due to Flour Cost IncreasesIsrael is facing imminent price increases for bread and baked goods due to a 10%-15% rise in flour costs, with some companies implementing changes by November 1. The primary cause is the disruption of wheat supplies from Russia and Ukraine due to the ongoing war, forcing importers to buy more expensive grain from alternative sources. Global factors like drought and shipping issues also contribute to the rising costs. Major milling companies like "Bar-Rav" and "Shtibel-Dagan" have announced price hikes, citing increased raw material, transportation, and labor expenses.Economy · 25d ago · also in 1 newsroomMcDonald's Israel App Sued for $850,000 Over Patent InfringementIsraeli entrepreneur Marco Luzzatto and his company NewVal-Tech are suing McDonald's Israel operator Alonyal for 3 million shekels, alleging patent and copyright infringement. The lawsuit claims the McDonald's app and websites use patented technology for nutritional tracking and product information. The parties failed to reach a settlement before the case was filed in the Central District Court.Economy · 25d ago · also in 1 newsroomZara Israel Imposes Delivery Fee, Driving Shoppers to Cheaper European OptionsZara has introduced a 14.90 shekel delivery fee for online orders in Israel, prompting consumers to seek cheaper alternatives abroad. A Ynet report revealed significant price differences, with items in Greece costing substantially less than in Israel. Israeli shoppers can use forwarding services like ShipTanbul to order from Greece, factoring in local delivery, international shipping, and potential VAT refunds. This method allows access to a wider range of products and can lead to considerable savings, especially during sales events.Economy · 25d agoIsraeli Housing Market Sees Strong Demand for Apartments With Safe RoomsApartments with protected rooms (MAMADs) remain in high demand in Israel's real estate market, despite overall stagnation in second-hand sales. Recent transactions reported in October show prices ranging from 925,000 shekels for a 3-room apartment in Beersheba to 1.84 million shekels for a 3-room unit in Rishon LeZion. The data, compiled by "Calcalist" from "Remax" and "Anglo-Saxon," covers sales across cities like Harish, Beersheba, Ofakim, and Haifa.Economy · 25d agoIsrael Considers Banning 200 Shekel Notes Amid Economic DebateIsrael's Tax Authority is considering removing 200 shekel banknotes to combat illicit cash and avoid tax increases, sparking fears of public panic. Financial experts are divided, with some warning of hardship for ordinary citizens and others pointing to the voluntary shift to digital payments. The 200 shekel note represents a significant portion of cash in circulation, and its removal could alter consumer habits.Economy · 26d agoShufersal Enters Israeli Coffee Market to Challenge Elite and NestleIsraeli retail chain Shufersal has launched its own brands of coffee, including ground, instant, and capsule varieties, to compete with established companies like Elite and Nestle. The new products, such as Ernesto granulated coffee and Vero capsules, are priced competitively, with some significantly undercutting existing market leaders. This move comes as Shufersal's turnover has recently decreased, and the company aims to stimulate competition in the 1.5 to 2 billion shekel Israeli coffee market.Economy · 26d ago · also in 5 newsroomsArkia Faces Lawsuits Over Canceled Flights to JapanIsraeli airline Arkia is facing two class-action lawsuits after canceling direct flights to Japan, with plaintiffs alleging the company sold tickets for unapproved routes without disclosure. The lawsuits claim thousands of Israelis bought tickets and made travel plans based on theoretical flights. Arkia denies the accusations, stating it will respond after reviewing the legal filings and hopes to launch the Japan route soon. The legal actions highlight the process and implications of class-action lawsuits for consumers.Economy · 27d ago · also in 16 newsroomsAliExpress Launches Elite Discount Club for Israeli ShoppersAliExpress has launched its free Elite consumer club in Israel, offering discounts of up to 8% on selected items for customers spending over 800 shekels annually. The initiative aims to boost loyalty and compete with rivals like Shein and Temu, especially with new EU customs fees impacting cross-border e-commerce. Israel Post expects a significant increase in parcel volume this November, with logistics companies preparing for higher demand despite potential challenges in air cargo capacity.Economy · 27d ago · also in 2 newsroomsIsrael's Economy Recovers Faster Than Expected, Driven by Government SpendingIsrael's economy grew by 15.4% in the second quarter of 2026, a revised upward estimate by the Central Bureau of Statistics. The first quarter contraction was also less severe than expected, shrinking by only 1.5%. This recovery is largely driven by increased government and defense spending, compensating for weaker export figures. While private consumption saw a 14.6% increase, domestic investment trends remain weaker than initially projected.Economy · 27d agoNew LEGO Store Opening in Israel Sparks Price Wars with CompetitorsThe opening of Israel's 11th LEGO store in Petah Tikva caused massive queues and prompted competitors like KSP to offer significant discounts of up to 50% on LEGO products. Despite competitor sales, the official LEGO Store boasts a wider selection and exclusive offerings. LEGO Israel emphasized its focus on customer experience and community building rather than reacting to competitors' pricing strategies.Economy · 27d agoEconomists Warn of Severe Economic Impact from Potential Sanctions on Israeli SettlementsOver 60 Israeli economists and former officials warned that international sanctions targeting settlements could severely damage the Israeli economy, leading to increased living costs. The signatories cited settlement construction and "Jewish terror" as triggers for potential measures by countries like the UK, Netherlands, France, and Canada. A separate report by the Jewish People Policy Institute identified 121 restrictive measures against Israel in 62 countries, impacting finance, security, and trade. Israeli industry is already experiencing reduced foreign orders and contract cancellations, with concerns about losing key European markets.Economy · 27d ago · also in 2 newsroomsZara Closes Israeli Stores, Ends Free Delivery Amid ReviewZara has closed one store in Be'er Sheva and plans to close another Zara Home location in Israel. The company's Israeli representative, Gottex Fashion, is also ending free delivery for online purchases from Zara and other Inditex brands. A new delivery fee of 14.90 shekels will be charged for all orders, with returns costing 39.90 shekels. Zara Home online delivery fees will range from 49.90 to 75 shekels.Economy · 29d ago · also in 19 newsroomsProofpoint to Acquire Israeli Cybersecurity Firm Varonis for $6.3 BillionProofpoint, owned by Thoma Bravo, will acquire Israeli cybersecurity company Varonis Systems for $6.3 billion in cash. The deal, announced October 16, is expected to finalize in the first half of 2027 after regulatory approvals. Varonis, co-founded by Yaki Fitelzon and Ohad Korkus, has a significant development center in Herzliya, Israel, employing about 1,000 of its 2,800 global staff. This acquisition is considered a major exit for the Israeli tech sector.Economy · 30d ago · also in 1 newsroomIsrael's Consumer Price Index Drops 0.5% in September, Housing Prices DeclineIsrael's Consumer Price Index fell by 0.5% in September, with annual inflation rising to 1.6%. Housing prices declined by 0.6% in July-August 2026 compared to the previous period, with year-over-year decreases across all districts. Rents saw increases for both existing and new tenants. The share of subsidized housing transactions rose to 45.8% in the reporting period.Economy · 30d ago · also in 1 newsroomIsrael's Housing Market Sees Resurgence in Developer Financing Schemes Amid SlumpIsrael's housing market is in a deep slump, with August 2026 seeing the weakest performance in 25 years. Developers are relying heavily on government subsidies and offering significant financing incentives to maintain sales, as free market transactions decline. Developers' cash flow has dropped sharply by 58%, while buyers are increasingly opting for cheaper homes, indicating continued market stagnation despite these measures.Economy · 30d ago · also in 8 newsroomsWiz Founders Near Deal to Acquire McDonald's Israel FranchiseFour founders of the Israeli cybersecurity company Wiz, which sold to Google for $32 billion, are nearing a deal to acquire the McDonald's franchise in Israel. The negotiations are in their final stages, with an agreement expected soon. McDonald's Corporation repurchased the Israeli business in 2024 and is now seeking a new franchisee to operate its 235 restaurants. This move marks an expansion for the Wiz founders into the fast-food industry, complementing their existing investments in media and technology.Economy · 30d agoIsrael Faces Economic Strain From Growing Ultra-Orthodox PopulationAn analysis by Ynet warns that Israel's economy faces severe strain from the rapidly growing ultra-Orthodox population, projecting a 24% drop in average household tax contributions by 2050. This demographic shift, driven by high birth rates, could necessitate significant tax increases and cuts to public services. The report estimates annual economic losses of 250 billion shekels by 2050 due to low employment and military service exemptions. Reforms in education and employment are deemed crucial to avert these economic consequences.Economy · 30d ago · also in 5 newsroomsDollar Surges to 3.1 Shekels for First Time Since AprilThe dollar reached 3.1 shekels on October 15, its highest level since April 8, following a rise in US consumer prices. The dollar also hit an 18-month high against other major currencies. Meanwhile, the euro weakened to a 17-month low against the dollar. Asian tech stocks, including SK Hynix, Samsung, and SoftBank, experienced significant drops amid inflation fears.Economy · 31d ago · also in 3 newsroomsIsrael's Knesset Removes Barrier to Lowering Credit Card Interest RatesIsrael's Knesset finance committee approved an amendment on October 14 to remove a legislative barrier for credit card companies, enabling them to raise funds more cheaply. The change, expected to lower interest rates for consumers and businesses, addresses a loophole created in 2017 when credit card companies separated from banks. The amendment, initiated by the Ministry of Finance, is set to take effect soon and is crucial for companies finalizing budgets for 2027.Economy · 31d ago · also in 1 newsroomIsraeli Housing Market Sees Sales Dip, Unsold Inventory RisesIsraeli housing market sales dipped 5% in August 2026 to 7,366 units, with new apartment sales slightly increasing while the secondary market saw a 1% seasonal decline. The number of unsold new apartments rose to 85,682 by the end of August. Kiryat Gat, Tel Aviv-Yafo, and Haifa led in new apartment sales, though Tel Aviv-Yafo saw a 27% drop. Kiryat Gat experienced a remarkable 2017% surge in new apartment sales.Economy · 31d agoIsrael's Income Gap Narrows in 2024 Amid War, Driven by State AidIn 2024, Israel's income gap narrowed as the poorest 10% of households earned 7,276 shekels monthly and the richest 10% earned 49,496 shekels. This improvement was driven by increased government aid and war-related compensation, not stronger labor income, which actually decreased in real terms. While overall income inequality reduced, wealth inequality, especially in housing, widened. The Central Bureau of Statistics data indicates that the war's economic impact, combined with state support, reshaped income distribution.Economy · 31d ago · also in 3 newsroomsCarrefour Ends "Israel Basket" Promotion, Launches New Discount ProgramCarrefour Israel is ending its government-backed "Israel Basket" promotion on October 14th due to poor performance. The chain will launch its own year-round discount program, "Carrefour Special Deal," featuring rotating items at about 30% off. Customers must spend at least 99 shekels on other items to qualify for discounts, which will be available in all Carrefour stores. This initiative replaces a program criticized for limited availability and comes as Minister Nir Barkat faces scrutiny over rising food prices.Economy · 31d ago · also in 1 newsroomDonkey Prices Skyrocket in Gaza Amidst Transport CollapseDonkey prices in Gaza have surged to $30,000, a thirtyfold increase from pre-war levels, due to the scarcity of motorized transport. A veterinary doctor confirmed the inflated prices, with other sources corroborating the high cost of pack animals. The funds for these purchases are reportedly derived from the illicit trade of humanitarian aid and food, with "warlords" allegedly investing in donkeys to control transportation.Economy · 32d agoHuggies Diaper Packs Shrink in Israel, Raising Per-Diaper CostsKimberly-Clark has reduced the number of diapers in Huggies Freedom Dry and Huggies Extra Care packs in Israel, leading to higher per-diaper costs for consumers. This follows similar reductions by the company last year and affects the country's best-selling diaper brand. Other brands, including Pampers and private labels, have also seen package size decreases. Kimberly-Clark stated that changes are clearly marked on packaging and retailers set the final price, while some consumers have complained about leakage issues with a new premium Huggies product.Economy · 32d agoIsraeli EV Owners Face Steep Public Charging Costs, Report FindsA Knesset Research Center report reveals that Israelis pay up to 3.5 times more for fast public electric vehicle charging than for home charging. The report also notes market concentration among a few companies and underutilization of government subsidies. Delays in implementing credit card payment terminals and uncertainty over future government policies are also cited as reasons for slowing EV sales.Economy · 32d ago · also in 2 newsroomsIsraeli Firm to Develop Two Luxury Hotels in Central RomeIsraeli real estate group White City Buildings (WCG) has purchased two properties in central Rome to be converted into luxury hotels, with a total investment of approximately 50 million euros. One building near Piazza del Popolo will become a 4-star hotel, while another near the Spanish Steps will be a 5-star establishment. This acquisition follows previous investments in Rome's hotel market by Israeli companies Isrotel and Fattal.Economy · 33d agoIsraelis Shifting Away From Cash, Raising Concerns Over AccessThe use of cash in Israel has dropped significantly, with weekly cash payments falling from 80% in 2019 to 48% in 2025, while digital wallet use rose to 47%. The Bank of Israel warns this trend could make cash access harder and more expensive, potentially creating a cycle of reduced services. Despite the decline, 70% of Israelis still consider cash important for emergencies, and it remains crucial for smaller purchases and specific demographic groups. The central bank aims to balance efforts against the shadow economy with ensuring continued public access to cash.Economy · 34d ago · also in 2 newsroomsIsraelis Cut Holiday Spending as More Travel AbroadA record number of Israelis traveled abroad during the recent autumn holidays, leading to a significant drop in domestic retail sales, especially for clothing and shoe stores. Factors like a strong shekel, lower dollar exchange rates, and pent-up travel demand fueled overseas spending. Retail sales saw an average decrease of 1.6%, with some chains reporting drops of up to 10%. Unseasonably warm weather and Israelis' prior summer spending also impacted holiday purchases.Economy · 34d ago · also in 7 newsroomsTel Aviv Penthouse Sells for Record $14.5 MillionThe Hagag Group announced the sale of a penthouse in Tel Aviv's Infinity tower for 55.555 million shekels (approximately $14.5 million) to an American Jewish buyer for personal use. The luxury duplex apartment spans two floors with extensive sea-view terraces. Real estate experts noted that while unique properties attract high prices, this single transaction does not necessarily signal a recovery of the broader Israeli housing market, which is influenced by different economic factors. The Infinity tower is scheduled for completion in early 2027.Economy · 34d ago · also in 2 newsroomsTnuva Launches Health Supplements Amid Cottage Cheese ShortageTnuva has launched HOLIS, a new brand of dietary supplements including probiotics and creatine, with prices ranging up to 189.90 shekels. The products will initially be sold at Super-Pharm starting late October, expanding to other retailers in 2027. This move comes amid ongoing shortages of cottage cheese and white cheese, prompting questions about Tnuva's priorities. CEO Gadi Kunia assured that the company remains committed to regulated dairy production and is investing in milk and cheese lines.Economy · 34d ago · also in 4 newsroomsAirlines Launch New Winter Routes to Crete and EilatAirlines Blue Bird Airways and Air Haifa are introducing new winter routes from Israel. Blue Bird will offer direct flights to Crete starting at 65 euros, aiming for year-round service. Air Haifa will launch flights to Eilat from Ben Gurion Airport on October 25, with fares starting at 79 shekels. These new routes provide more affordable and direct travel options for Israelis during the winter season.Economy · 34d ago · also in 21 newsroomsIsraeli Food Prices Surge Dramatically, Study FindsA Tel Aviv University study found that the cost of a basic food basket in Israel has surged by 20% between September 2022 and August 2026, a rate nearly five times higher than the previous four years. Researchers attributed the price hikes to increased VAT, fuel, and regulated goods, but noted that these factors alone don't fully explain the increase. Specific items like milk chocolate and cheese burekas saw price jumps of over 30%. Professor Itay Atari stated that the high cost of living is not inevitable and called for government intervention to lower prices.Economy · 37d ago · also in 6 newsroomsIsraeli Telecom Ministry Report Details Consumer Complaints and RefundsIsrael's Ministry of Communications reported that 855,423 shekels were refunded to consumers in 2025 due to complaints against telecom companies. The most significant case involved a customer receiving 16,660 shekels after being wrongly charged for unused phone lines for eight years. Overall complaints rose 9.5% in 2025, with mobile services generating the most issues. The ministry cited ongoing military operations as a factor in the increased reliance on and scrutiny of communication infrastructure.Economy · 38d ago · also in 1 newsroomNew Israeli Import Rules Threaten Availability of Certain Car ModelsIsrael's Ministry of Transport has proposed new import rules for 2027, reducing the annual quota for small vehicle batches from 400 to 10 cars. This change threatens the availability of certain car models, particularly Chinese brands like Avatr and JAC, which relied on the previous allowance. Importers are seeking to maintain the old rules, but the ministry is reviewing the issue, which could impact the future presence of these vehicles in the Israeli market.Economy · 38d ago · also in 2 newsroomsIsraeli Industrialists Demand Diesel Tax Cut Amid Rising Fuel CostsIsrael's Association of Industrialists is demanding a one-shekel per liter tax cut on diesel fuel, mirroring recent reductions for gasoline. They argue that rising diesel costs significantly impact businesses, unlike the government's support for private car owners. The association points to a substantial increase in diesel prices and a widening gap compared to gasoline. The Finance Ministry opposes the measure, citing potential revenue losses of 200 million shekels monthly and concerns that the benefit would not fully reach consumers.Economy · 39d ago · also in 3 newsroomsIsrael Approves New Gas Power Plant in Polluted Ashdod Amid Environmentalist OppositionThe Israeli government approved a preliminary plan for a new natural gas power plant in Ashdod on October 6, despite environmental concerns. The project, initiated by Energy Minister Eli Cohen, faces opposition from environmental groups and local authorities who cite the area's high pollution levels and health risks. Opponents argue the plant will worsen air quality and hinder national pollution reduction efforts. The Ministry of Energy stated the decision is for planning only and all environmental issues will be addressed, while a similar proposal elsewhere was postponed.Economy · 40d ago · also in 4 newsroomsCoca-Cola Israel Introduces Smaller Cans to Counter Parallel ImportsCoca-Cola Israel is testing the market with 150 ml cans, aiming to compete with cheaper parallel imports. The smaller cans are more expensive per volume than imported versions and larger bottles, but may encourage reduced sugar intake.Economy · 40d ago · also in 2 newsroomsFlydubai Suspension Sparks Major Price Hikes for Flights from Israel to AsiaFlydubai's suspension of flights to Israel has caused airfares to Asian destinations to skyrocket, with some routes quadrupling in price. The airline's role as a major carrier via Dubai has been replaced by increased demand on other airlines, leading to significant price hikes for both immediate and future travel.Economy · 40d ago · also in 1 newsroomIsrael's Electric Vehicle Market Faces Uncertainty Over Tax ChangesIsrael's electric vehicle market is facing potential supply disruptions due to uncertainty over upcoming purchase tax rates, exacerbated by the upcoming general election. Buyers may face delivery delays and higher costs, while importers struggle with procurement planning.Economy · 40d ago · also in 3 newsroomsIsraeli Tech Salaries Dip But Remain Double National AverageAverage salaries in Israel's high-tech sector dropped by 6.2% in July, with annual growth slowing significantly. Despite this, tech salaries remain nearly 2.4 times the national average. Overall employment in the sector also saw a slight decrease.Economy · 40d agoNew Kia Niro Hybrid SUV Launched in Israel for FamiliesKia has launched the new Niro Hybrid SUV in Israel, a popular model known for its efficiency and practicality. The vehicle features updated styling, a combined gasoline-electric engine that doesn't require charging, and a suite of advanced safety and comfort technologies. It is marketed towards families and daily commuters seeking an economical and safe driving experience for various purposes.Economy · 41d ago · also in 3 newsroomsBrazilian Acai Chain Oakberry Returns to Tel Aviv with Ambitious Expansion PlansBrazilian healthy food chain Oakberry has returned to Tel Aviv, opening two new branches and planning up to 30 locations across Israel. Despite high prices for its acai-based products, the chain is experiencing long queues and positive customer feedback, with expansion plans including new mall locations and a focus on kosher certification.Economy · 41d agoIsraeli Housing Market Sees Few Transactions in Late SeptemberIsrael's real estate market is experiencing a slowdown, with few transactions reported in late September. Data shows sales in cities like Be'er Sheva, Kiriyat Gat, Ashdod, and Harish, with apartment prices varying significantly by size and location.Economy · 41d ago · also in 8 newsroomsNew Rishon LeZion Transport Hub Offers Free Shuttles to Tel AvivA new transport hub in Rishon LeZion offers free electric shuttles to Tel Aviv, featuring a large parking facility. The project aims to reduce traffic congestion but currently lacks public transport integration, limiting its use to drivers.Economy · 41d ago · also in 33 newsroomsIsrael to Lower Fuel Prices by 0.5 Shekels Starting October 5Israel will reduce gasoline prices by 0.5 shekels to 7.77 shekels per liter starting October 5 for one month. This follows a record high price on October 1 and is a temporary measure despite budgetary concerns.Economy · 43d ago · also in 2 newsroomsIsraeli Teachers' Status Better Than Perceived, OECD Report ShowsAn OECD report indicates Israeli teachers' professional status is better than commonly believed, despite a widening salary gap with other university-educated professionals. Teacher numbers are growing rapidly, attrition is low, and public perception of the profession, while negative, is less so than in many other countries.Economy · 44d ago · also in 6 newsroomsNew Tel Aviv Area Parking Complex Opens, Offering Free ShuttlesA new transportation hub in Rishon Le Zion offers free electric shuttles to Tel Aviv, but lacks public transport connections. The project aims to reduce traffic, with dedicated lanes opening to private cars with dynamic tolls in 2027.Economy · 44d ago · also in 26 newsroomsIsrael to Temporarily Cut Fuel Prices by 50 AgorotIsrael plans to temporarily lower gasoline prices by 50 agorot per liter for one month, following a recent record high. The move, approved by the government's legal advisor, will add to an existing reduction, totaling one shekel off the excise tax. However, finance ministry professionals oppose the measure due to its cost and lack of funding.Economy · 44d ago · also in 26 newsroomsIsrael's Finance Ministry to Cut Fuel Excise Tax Amid Record PricesIsrael's Ministry of Finance plans to cut gasoline excise tax by 0.5 shekels per liter for one month, following a record price increase. The move, pending legal approval, aims to lower the price to 7.77 shekels per liter, with a total discount of one shekel per liter. The measure faces internal opposition from ministry specialists concerned about the budget.Economy · 44d ago · also in 8 newsroomsIsraeli Executive Ynon Kreiz Tapped for Top Hollywood Leadership RoleIsraeli executive Ynon Kreiz has been appointed Co-CEO of the newly merged Paramount and Warner Bros. Discovery, a $110 billion deal finalized on October 1. Kreiz, known for reviving the Barbie brand at Mattel, will share leadership with David Ellison, focusing on integrating the combined entertainment giants.Economy · 45d ago · also in 2 newsroomsCellcom TV+ Raises Sports Package Price, Competitors Offer Better DealsCellcom TV+ is increasing the price of its "Sport 5 Premium" package by nearly 9% to 57 shekels starting October 14, 2026. Competitors like Free TV and Partner TV+ offer similar or better sports content at lower prices, with some also providing mobile viewing options that Cellcom restricts.Economy · 45d ago · also in 4 newsroomsIsrael to Abolish Fees for Returned Checks, Lower Debit Card CostsIsrael is set to abolish fees for checks returned due to technical reasons and reduce debit card charges as part of a banking reform starting October 1. A more comprehensive overhaul of account management fees will take effect in July 2027.Economy · 46d ago · also in 3 newsroomsIsrael Tourism Paradox: Visitor Numbers Plummet While Card Spending Holds SteadyDespite a 78% drop in tourist arrivals to Israel in the first half of 2026 compared to 2023, spending via foreign bank cards has remained nearly stable, decreasing by only 7.8%. This paradox is attributed to factors like increased online purchases, spending by non-tourist residents, and immigrants, alongside inflation.Economy · 46d ago · also in 1 newsroomIsrael's Central Region Leads Nationwide Urban Renewal ProjectsUrban renewal construction in Israel is heavily concentrated in central regions, with Tel Aviv leading the way. Despite stable construction starts, a recent decline in renewal project permits suggests potential future impacts on development.Economy · 46d ago · also in 6 newsroomsDollar and Euro Decline Against Israeli Shekel Amid Global Market ShiftsThe U.S. dollar and euro weakened against the Israeli shekel on September 29, while strengthening in global markets. This occurred as investors awaited key U.S. economic data, including inflation and employment reports, and anticipated potential Federal Reserve interest rate hikes.Economy · 46d ago · also in 4 newsroomsYoung Israelis Lagging in Education and Employment Compared to OECD PeersA recent OECD report indicates a concerning rise in young Israelis not in education or employment, alongside lower investment in higher education and larger class sizes compared to other developed nations. This trend is linked to lower earning potential and poses a significant challenge for the country's future.Economy · 46d ago · also in 3 newsroomsIsrael's Finance Ministry Recommends Against AI TaxIsrael's Ministry of Finance has recommended against a special tax on artificial intelligence, instead proposing measures to enhance tax certainty, attract companies, and focus on non-labor income taxes to adapt to the AI era.Economy · 46d ago · also in 12 newsroomsIsrael Gas Prices Hit Record High After Tax Cut OffsetGasoline prices in Israel will reach a record high of 8.27 shekels per liter on October 1st, surpassing the previous record set in 2012. The increase is attributed to rising international fuel costs and a stronger dollar, effectively canceling out a recent tax reduction.Economy · 46d ago · also in 10 newsroomsNoa Argamani Joins Venture Capital Firm to Aid Israeli Startups in USNoa Argamani, a former Hamas hostage, has started a new job at the venture capital fund Vine Ventures, aiming to help Israeli startups succeed in the U.S. market. She will focus on assisting entrepreneurs with market entry and leveraging her experiences to mentor founders through uncertainty.Economy · 46d ago · also in 2 newsroomsYad2 Expands to International Real Estate Market, Starting with CyprusIsraeli real estate company Yad2 is expanding into the international market, beginning with Cyprus, to offer properties under one million shekels to Israeli buyers. The platform aims to simplify the complex process of purchasing property abroad by providing curated listings and information in Hebrew.Economy · 46d ago · also in 5 newsroomsCourt Awards Mother 380,000 Shekels in Loan Dispute Against Ex-Daughter-in-LawAn Israeli family court ordered an ex-daughter-in-law and her former husband to repay 380,000 shekels in loans to the husband's mother. The court found the ex-daughter-in-law's defense unconvincing, ruling that the funds, intended for an apartment and financial aid, were indeed loans with repayment triggered by the couple's separation.Economy · 47d ago · also in 4 newsroomsIsrael Faces Cottage Cheese Shortage After Holiday Production HaltIsraeli supermarkets are experiencing a shortage of cottage cheese and quark due to production halts for the Yom Kippur holiday. Consumers are facing higher prices for alternative cream cheeses as a result.