Money

Economy Ministry ends 'Israel's Basket' pilot due to upcoming elections

Economy Minister Nir Barkat decided not to extend the project due to the expected change in government, leaving the decision to the incoming administration.

Economy Minister Nir Barkat presents "Israel's Basket".
The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023.

Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’

Bitcoin

Great comeback: Has crypto winter really ended?

 An illustrative image of a Torah scroll and a shofar for Yom Kippur.

Your Investments: A financial and personal clean slate for Yom Kippur


The race for faster payments is reshaping the digital economy

Consumers are becoming less willing to wait days for their money, pushing businesses to make payments faster while maintaining security, transparency, and trust.

Faster payments are no longer just a technological advantage - they are becoming a defining part of the digital customer experience.

Not ending at NIS 18m.: Additional fine for Central Bottling Company

The Competition Authority has published for public comment an additional notice of intent to charge the Central Bottling Company over intervention in retail soft drink prices.

Coca Cola cans.

No. 32: Amir Yaron and Michal Abadi-Boiangiu: Economic policymakers leading Israel toward recovery

Yaron has guided Israel’s economy through the upheaval of the war and into recovery, while Abadi-Boiangiu sits at a key chokepoint in how the state spends its money.

(L-R): Amir Yaron and Michal Abadi-Boiangiu

Shift in public donations: Fivefold increase for mental health, drop in equipment for combat soldie

Data from the Jgive and Charidy platforms show that Israelis continue to open their wallets, but their targets are shifting from acute emergency needs to long-term issues.

Food basket distribution: Snir Association for Equal Opportunity.

Yossi Sagol enters nuclear energy: Invests in ARCVIA

The company develops small modular nuclear power plants (SMRs) in the US. The investment comes amid a surge in demand for continuous electricity for data centers.

Yossi Sagol

Basketball association to return half a million shekels to clubs

Management approved Amos Frishman's initiative. Every club will be credited for registered players, with funds transferred in coming weeks.

Chairman of the Israel Basketball Association, Amos Frishman.

Without visiting a branch: Deferred checks can be deposited via app

The Bank of Israel is launching a new service expected to save time and costs: depositing post-dated checks directly from mobile phones.

"Checks continue to be a significant payment method in the Israeli economy, totaling hundreds of billions of shekels a year."

NIS 450 Million per month: The black-money pipeline under banks’ noses

Undocumented workers transfer millions abroad as state loses tax revenue. Sector officials accuse banks of profiting off the illegal practice.

Foreign Workers.

America’s black hole: The debt threatening to swallow the global economy

US public debt crossed $40 trillion, raising bond yields and interest costs. The financial fallout threatens the global economy, including Israel.

And how is the government dealing with the debt? By taking on even more debt. U.S. President Donald Trump.

PayPal layoffs hit Israel as payment giant restructures global operations

The cut will hit the Tel Aviv development center, which develops artificial intelligence systems to analyze transactions in real time, detect fraud, and prevent money laundering.

 A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021.