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The sharp increase in the value of the shekel relative to other currencies distorts the picture of Tel Aviv, but it is not the only factor

The sharp increase in the value of the shekel relative to other currencies distorts the picture of Tel Aviv, but it is not the only factor

Follow Apr. 7, 2021 The elections are over for now, but Finance Minister Yisrael Katz is continuing to pursue policies counter to the advice of his professional staff and business organizations. With the unemployment rate rapidly dropping, Katz announced on Wednesday that he would seek to rescind rules due to set into motion an automatic drop in jobless benefits. The announcement came after the Central Bureau of Statistics reported earlier on Wednesday that Israel’s broad unemployment rate had fallen to 12%, equal to half a million people, in the first half of March. Using the jobless measu...

This Tel Aviv restaurant is scheduled to reopen on Sunday, March 7, God willing. The coefficient of the Corona infections in Israel is again higher than 1, precisely at a time when it is declining in the Arab sector. According to the health ministry’s updated data on Friday, the infection rate rose to 1.01. In the Arab sector, the coefficient dropped to 1.06, while in the Haredi it jumped to 0.96, after dropping below 0.7. This must be very frustrating to the health professionals attempting to guide healthcare policy. It’s also extremely alarming because when the coefficient of infection ...

Follow Feb. 3, 2021 Cafés were one of Israel’s growing industries before the pandemic. Dozens of new ones, mainly from the chains, opened yearly. The successful chains launched different brands as cafés expanded their menus beyond pastries, sandwiches and coffee. The pandemic caught the cafés off guard. Restricted to takeaway and deliveries, the chains found themselves losing clientele to their colleagues offering Asian food, hamburgers and pizza. Months of inactivity led to a significant chunk of them collapsing – 1,000 cafés have already closed or won’t reopen the moment the econo...