Economy

About 2.5 billion shekels in the trash: The disturbing data on food waste during the holidays
Grim data reveals: More than a fifth of family spending on food during the holidays goes to waste, and tens of millions of cubic meters of water are wasted precisely in a difficult year for agriculture.

"In the end, our car might pay for our parking, but not the mortgage"
Zviki Ben David, VP of HyperStrong, warns that a lack of flexible economic models is driving Israeli energy companies to invest billions in Europe, potentially hindering Israel's ability to meet its national energy goals.

The Central Bottling Company will lay off 20% of production workers at the Emek Hefer plant
Gat Foods, a manufacturer of concentrates for the global beverage industry, is laying off 20% of its staff at the Emek Hefer plant. The move is driven by the strong shekel and declining export revenues.

Shake-up in Israeli high-tech: Intel closes department and fires all employees
The chip giant has made a dramatic decision to close the optimization and AI agents group at its research labs in the country, fire senior developers, and halt important operations.

The Crypto Era: Are the laws from the 70s about to be updated?
How do you adapt the capital market to a world where stocks can be transferred via blockchain? The US Securities and Exchange Commission proposes updating old rules and incorporating technologies like blockchain into the constitutional framework. How is artificial intelligence related to this and what is tokenization anyway?

Rare Opportunity on the Tel Aviv Stock Exchange: Analysts Forecast 72% Upside
Phoenix Brokerage has upgraded its buy recommendation for Solair Renewable Energies with a target price of 163 shekels, representing a 72% upside driven by major projects in Poland and Valencia.

Defense startup, named after the founder's brother who fell in Lebanon, raises $41 million
The Israeli company AITAN, named after Captain Eitan Oster who fell in Lebanon, was founded by Udi Oster and Daniel Almog, who met during their service as officers in Unit 8200 and previously worked with hostage survivor Or Levy. The company develops AI systems for unmanned vehicles, which have accumulated over half a million flight hours in the IDF, and is now expanding its operations to allied...

More than 70,000 cars and 400 million shekels: These are the winners of the state insurance tender
Phoenix, Migdal, and WeSure have won the Ministry of Finance tender for insuring private vehicles of state employees, retirees, and IDF career soldiers for 2027. The program covers over 70,000 vehicles.

Cuts in local high-tech: layoffs at Bizzabo and PayPal
The Israeli company Bizzabo and the payment giant PayPal have announced staff reductions. The layoffs at both companies are part of global operational efficiency programs.

Insurance company stalled, judge loses patience: ruling on compensation
Ayalon was ordered to pay special interest and legal expenses after failing to transfer 20,000 shekels to the plaintiff that it had already acknowledged. Despite its own expert confirming a 10% psychiatric disability following an accident, the company withheld payment. The result: an additional 12,500 shekels in interest.

"The biggest bottleneck in the energy sector is the power grid"
Experts at the Calcalist and Discount Energy Conference identified the state of the power grid as the primary obstacle to Israel's infrastructure development. They are calling for a national project to modernize the grid.

"There is a collapse in the fish farming industry, and solar panels can save it"
K-Power CEO Katya Shur stated that integrating solar panels and energy storage systems into fish farming operations can rescue the industry from economic crisis by providing farmers with additional income.

ONE ZERO Bank Expands Trading Services: New Commission-Free Options
Amid a surge in retail trading, ONE ZERO bank is expanding its offerings, allowing customers to trade Irish-domiciled ETFs with no transaction or custody fees.

Rental Prices Rise Amid Shortage of Large Apartments
The rental market in Israel shows a 4.8% price increase compared to July 2025. The primary driver is a severe shortage of large apartments, with supply dropping by 25% year-over-year, particularly in the southern regions.

ILA and Dira LeHaskir Successfully Market Land for Long-Term Rental Housing
Following a series of failed tenders in Nahariya, Jaljulia, and Tel Aviv, the Israel Land Authority has successfully marketed land in Yavne. The Reisdor company won the bid to construct 104 long-term rental apartments.

Assaf Rappaport and the wave of departures: Channel 13 presenter leaves after 10 years
After ten years in which he served in a variety of roles behind the scenes and on screen, another journalist decides to leave the channel recently acquired by Assaf Rappaport.

Bazan CEO: "Closing the refinery before October 7th was a concept; now it is a populist obsession"
Rafael Maman, CEO of Bazan, stated that relying solely on fuel imports is utopian for Israel, emphasizing that the country must maintain independent refining capabilities given current security realities.

The pension mistake that could cost you 1.3 million shekels
Discount Bank conducted a calculation showing how a small gap in the fund's earnings leads to a huge difference in the money you will receive upon retirement. Data from the Capital Market Authority confirms: the gaps between management bodies are real.

Tax Authority Advances Work Grant Payments: Funds to Arrive September 9
The Tax Authority has decided to expedite the second installment of the work grant, allowing citizens to access funds ahead of the Tishrei holidays. Payments will be deposited into accounts starting September 9.

Coca-Cola Shifts Strategy: New Packaging Formats for the Holidays
Ahead of the Tishrei holiday season, Coca-Cola Israel is expanding its product range by introducing new six-packs featuring 1.75-liter and 2-liter bottles.

Former Minister Ordered to Pay Damages for Defamatory Email
The Tel Aviv Magistrate's Court has ordered former minister Shalom Simhon, chairman of the board at Pasta Rico, to pay 20,000 shekels in damages to the company's founders for defamation in an email.

Doral CEO: "We are working to establish energy islands for data centers"
Doral Energy CEO Yoni Hantzis expressed skepticism about reaching the 30% renewable energy target by 2030. He emphasized the importance of building "energy islands" to provide reliable power for data centers.

"If there is no awakening, we will see a situation in Israel where a power plant will collapse"
Energy sector experts warn of market stability risks following the Electricity Authority's decision to pause new data center connections due to overwhelming demand.
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No added sugar: The surprising move by Elite and Strauss
The leading candy brand with no added sugar, MUST, from Elite and Strauss, is launching two new flavors simultaneously, promising to bring surprising combinations and an especially velvety texture to consumers in Israel.

Renowned fashion chain says goodbye to Israel: all branches to close permanently
Just a few weeks after shifting all weight to the digital arena and closing its flagship store, the Razili chain also announces the cessation of its online site operations. All details on redeeming points and rights.

Major deal in the USA: Israeli company acquires American insurance firm
The Israeli financial group has signed a binding agreement to acquire control of a company specializing in workers' compensation insurance, with the total assets of the acquired companies estimated at tens of millions of dollars.

For every five shekels spent on holiday food, one goes to the trash
The value of food waste during the Tishrei holidays has reached 2.5 billion shekels, a sharp increase from previous years despite stable waste volumes. Drought and rising prices make every discarded kilogram more costly than ever.

Michal Braverman-Blumenstyk steps down as General Manager of Microsoft Israel R&D
Michal Braverman-Blumenstyk, who has led Microsoft's Israel R&D center for the past 6.5 years, has announced her departure from the company. She will remain in her role until the end of the year.

Surprise in the salad: bit into an eggplant cube and discovered he had swallowed half a cockroach
Uri from Netanya bought a fried eggplant salad of the Marrakech brand at a supermarket, felt something crispy in his mouth and immediately realized it was an insect. He contacted the Salatei Shamir company, the supermarket, and the Ministry of Health, but according to him, no one bothered to get back to him. Salatei Shamir stated that such complaints are rare at the factory and that compensation...

Ministry of Energy Director General on the desalination crisis: "There is no precedent for this, but there will be no water shortage"
Yossi Dayan, Director General of the Ministry of Energy, addressed the recent crisis at desalination plants. Despite unprecedented water pollution, he assured that there will be no shortage for households.
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"We entered a male table and almost fainted": The secret behind the Seestarz exit
The founders of the fashion brand Seestarz, Alona and Daniela Tzur, talk about the moment a fashion giant offered to acquire them for millions of shekels, the massive disappointment on launch day, and the imposter syndrome that accompanied their success.
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"They told me I am a neglectful mother": Thorpan CEO on the heavy price of success
Keren Cohen Hazon, who built an international empire worth billions of shekels, opens up about the heavy family price, the discrimination she experienced at the beginning of her journey, and the decision to donate tens of millions of shekels to hospitals in Israel.

A day before 2027: First International Bank executes strategic organizational shift
The board of directors of the First International Bank has approved the merger of its technological subsidiary into the parent organization. The move is intended to streamline resources, strengthen digital innovation, and simplify the group's organizational structure.

Discount CEO: "Israel's energy sector is at a critical point"
"Israel's energy sector is at a critical point," said Avi Levy, CEO of the Discount Group, at the opening of an energy conference. He noted that the sector is undergoing rapid changes, requiring urgent improvements in planning, infrastructure, and regulatory processes to maintain economic competitiveness.

Avi Levy invests millions in Lahav LR shares, increasing stake to 40.12%
The controlling shareholder of Lahav LR increased his stake to 40.12% after purchasing about 385,000 shares. What signal is he trying to send to the market?

Solrom management invests 1.1 million shekels in company shares
The controlling shareholder, the CEO of Solrom, and interested parties purchased shares on the stock exchange during August for approximately 1.1 million shekels, representing about 0.5% of the share capital.

Nvidia CEO with a rare piece of advice: how to double and triple your salary
While office workers fear for their future, Jensen Huang offers reassurance, explaining that the technological arms race will create hundreds of thousands of jobs for manual laborers who will build the infrastructure of tomorrow.

Amos Luzon increases stake in three of his companies
Businessman Amos Luzon is strengthening his control over the public companies he owns by purchasing shares in Luzon Group, Luzon Ronson, and Luzon Ashrai. We analyze the details of these moves and the current market value of the companies.

Medinol founder Yehudit Richter: 'I know they say I'm a bitch'
Yehudit Richter built a medical device empire that won a $750 million settlement, broke the glass ceiling in a male-dominated world, and explains why she always wants more than her husband and partner.

Rami Levy breaks the market: thousands of bicycles for only 200 shekels
The businessman's stock chain is expanding and landing thousands of sought-after products at an unprecedented price just before the holidays, when demand is at its peak and inventory is expected to sell out quickly in the branches.