Macro economics

Macro economics

  
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1

Gov't approves bi-annual budget

Macro economics
  Finance Minister Steinitz: This will enable the government to present a long-term plan, maintain stability, and contribute to higher growth.
  Adrian Filut and Shay Niv 04/03/2010
 The Israeli government has approved the two-year budget proposal for 2011-2012 and the new fiscal guideline proposed by the Ministry of finance, the Bank of Israel, and the National Economic Council....
2

Maccabi offers coverage of every prescription drug in world

Macro economics
  However, patients who already need a specific drug not in the government's health basket, before joining the policy, cannot be insured for it.
  Shay Niv and Ron Stein 04/03/2010
 Maccabi Healthcare Services is launching a new insurance program which will cover every prescription drug in the world, which is not already in the government's basket of approved drugs. The program ...
3

Histadrut chief opposes two-year budget

Macro economics
  Ofer Eini said the constraints of 2009 no longer applied.
  Shay Niv and Adrian Filut 04/03/2010
 Histadrut (General Federation of Labor in Israel) chairman Ofer Eini lined up with the Labor Party against Minister of Finance Yuval Steinitz today, and announced his opposition to the passage of a "...
4

Court stops gov't discussing planning reform

Macro economics
  The order is at the request of six environmental organizations seeking more time for consultation on the bill.
  Michal Margalit 04/03/2010
 The High Court of Justice has issued a temporary order forbidding the government from holding any discussion on the planning reform being promoted by Prime Minister Benjamin Netanyahu until a court ...
5

Shekel strengthens against dollar

Macro economics
  The representative shekel-pound rate fell sharply yesterday, dropping 2.385% to NIS 5.661/?.
  Globes' correspondent 03/03/2010
 The shekel opened stronger against the dollar and weaker against the euro today. The shekel-dollar exchange rate is down 0.25% to NIS 3.7775/$, and the shekel-euro exchange rate is up 0.19% to NIS 5....
6

Gov't to OK 2-year budget

Macro economics
  There is no general decision at this time to make two-year budgets permanent.
  Lilach Weissman 02/03/2010
 The government is set to approve a two-year budget for 2011-12 at the upcoming cabinet meeting on Thursday. As first reported by "Globes", in view of recommendations by international organizations, ...
7

Shekel-dollar exchange rate falls

Macro economics
  The Bank of Jerusalem's Eitan Admoni: While the dollar continues strengthening around the world, it can be expected to gain against the shekel too, though not as much.
  Hillel Koren 01/03/2010
 The shekel is strengthening against both the dollar and euro in morning trade. The shekel-dollar exchange rate is down 0.47% to NIS 3.778/$, and the shekel-euro exchange rate is down 0.13% to NIS 5. ...
8

Gasoline prices to rise

Macro economics
  Taxes currently make up 57% of the price of gasoline.
  Amiram Barkat 28/02/2010
 Tonight, the price of 95 octane gasoline will rise 1.87% to NIS 6.55 per liter for self-service, and the price of full-service will remain NIS 0.13 higher, at NIS 6.68 per liter (an increase of 1.83%)...
9

Unemployment falls to 7.4%

Macro economics
  In the fourth quarter of 2009, the civilian work force was 3.037 million people.
  Adrian Filut 28/02/2010
 The rate of unemployment fell to 7.4% in the fourth quarter, on a seasonally adjusted basis, down from 7.7% in the previous quarter, according to figures published today by the Central Bureau of The ...
10

Options point to lower shekel-dollar rate

Macro economics
  So far in 2010, the shekel-dollar rate has fallen 1.8%, and the shekel-euro rate has fallen 5.3%.
  Globes' correspondent 28/02/2010
 Options trading is pointing to a lower shekel-dollar exchange rate, which is falling 0.34% to NIS 3.783/$, and to a 0.06% rise in the shekel-euro exchange rate to NIS 5.1549/€. There is no inter-bank...

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