Since the start of 2023, clothing prices in the Consumer Price Index (CPI) have fallen by 6%, even though inflation over the past 12 months has been 4.2%.
Yosef Harash
Apr. 26, 2021 10:41 PM
The coronavirus pandemic ran roughshod over the Israeli economy last year, but CofaceBDI said on Monday that the rate of publicly traded companies given a “going concern” warning, meaning their auditors had doubts about their survivability and ability to repay debt, actually fell in 2020.
Figures from the business research firm showed that only 6.4% of companies traded on the Tel Aviv Stock Exchange had a going concern warning appended to their financial reports last year, down from 8.9% in 2019.
But Tehila Yanai, CofaceBDI’s CEO, said the decline didn’t reflect an improved economic situation for most businesses in Israel.
A survey by CoFaceBDI for TheMarker found that among Israeli human resources managers, 45% say they intend employees to come back to the workplace full-time. Another 23% say they will allow staff to work two or three days a week at home and another 10% one day. The rest say they plan to introduce flexible policies or haven’t yet decided.
Open gallery view
Tehila Yanai, co-CEO of CofaceBDI, laughed when she recalled that in previous surveys the company found that managers regarded themselves as generous when they allowed workers to work one day a week at home. Surveys in years past had shown that almost no companies allowed remote work,