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Search resuls for: "Ari Rabinovitch Steven Scheer"


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☆ Israeli cities strike over tax plan as budget deadline looms
  + stars: | 2023-05-15 | by ( Ari Rabinovitch Steven Scheer | Ari Rabinovitch | Steven Scheer | ) www.reuters.com   time to read: +2 min
The strike, bringing school closures and a halt to garbage collection for millions of Israelis, also complicates a bid to pass a 2023-2024 state budget. The dispute is over a proposed fund that would dip into commercial property taxes collected by municipalities. More than 70 cities, including commercial hubs Tel Aviv and Haifa that will be paying more heavily into the property tax fund, joined the strike. Finance Minister Bezalel Smotrich said he would not give in and that the property tax fund would be passed as part of legislation for the 2023-2024 budget. Parliament has already given its initial approval for the 2023-2024 budget but it still needs to pass two more votes.
☆ Stop condemning Bank of Israel governor, Netanyahu tells party
  + stars: | 2023-02-22 | by ( Ari Rabinovitch Steven Scheer | Ari Rabinovitch | Steven Scheer | ) www.reuters.com   time to read: +2 min
JERUSALEM, Feb 22 (Reuters) - Israeli Prime Minister Benjamin Netanyahu on Wednesday instructed lawmakers from his Likud party to stop interfering with and speaking out against Bank of Israel Governor Amir Yaron and his interest rate policies. Cohen on Wednesday clarified on Twitter that he supported central bank independence. The central bank raised interest rates by half a percentage point at a policy meeting on Monday to 4.25%, its eighth hike since last April. "Prime Minister Netanyahu ordered Knesset members of Likud to stop interfering and speaking on the issue of the governor," said a Likud spokesperson. Some analysts believe that part of the shekel's recent depreciation versus the dollar stems from political attacks on the central bank.
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