Israel Business Today back issues from January 1992:
Russian bear and Israel ant make ideal trade partners.
Jan 10, 1992; ... For Boris Yeltsin and his free-market democracy dreams to survive the expected winter of discontent these next few months, Russia - like its 11 other ex-Soviet partners - will need western advice technology, goods and investments on a gigantic scale. In the absence of a Marshall-type ...
Zoran develops chip for Fuji. (Zoran Microelectronics, camera semiconductor chip)
Jan 10, 1992 ... Zoran Microelectronics has developed a chip for a revolutionary camera manufactured by Fuji of Japan. The chip was developed by the Israeli company, and will revolutionize the use of the camerca, without making the instrument significantly larger or heavier. The camera operates without ...
Coherent lasers teams up with Holo-Or. (Coherent Inc. Laser Products Div.)
Jan 10, 1992 ... One of the largest laser manufacturers in the U.S., Coherent is to invest in laser lens manufacturer Holo-Or and together the partnership is planning to invest $3 million in a new plant, to employ 50 workers. Holo-or was established ...
Tel Aviv Stock Exchange fares well in 1991. (securities of companies trading on Tel Aviv Stock Exchange)
Jan 10, 1992 ... The value of all shares in the stock exchange rose by 16.5 percent to end at NIS 81.9 billion. The real value of the shares went up by 36 percent -- according to the information provided by the chairman of the Tel Aviv Stock Exchange, Haim Stoessel. NIS 12.9 billion was raised by ...
Geotek fuzes ahead. (Geotek Industries Inc.'s Jerico Precision Manufacturing Group receives electronic fuse contract)
Jan 10, 1992 ... Geotek Industries Inc. has announced a $3,700,000 contract for electronic fuzes. The contract was given to Jerico Precision Manufacturing Corp., a wholly owned subsidiary to Geotek. The electronic fuzes are used in mortar and artillery shells, mines of various types, and rockets. ...
Teva stock up 40% after FDA approval. (Teva Pharmaceutical Industry, Food And Drug Administration approval of Lidex, flucinonide ointment)
Jan 10, 1992 ... Teva Pharmaceutical Industries stock jumped 40 percent within two days on Wall Street, following the announcement of approval from the U.S. Federal Drug Administration (FDA) to manufacture and market a flucinonide ointment, a generic version of an anti-inflammatory drug which is marketed ...
Lockheed may join Arrow launch. (Israel Aircraft Industries' Arrow, anti-missile missile)
Jan 10, 1992 ... The U.S. aircraft and defense manufacturer Lockheed may join Israel Aircraft Industries in the development of the Arrow anti-missile missile. The U.S. journal Defense News says following the failure of the last test launch of the Arrow, Lockheed was asked to analyze and ...
Tamir Cohen leads with ads. (Advertising and Publishing)
Jan 10, 1992 ... A survey by the daily newspaper Haaretz, shows that advertising agency Tamir, Cohen (Jacobsohn) published the greatest amount of advertising in column inches in 1991. The survey reviewed advertising in the four major daily newspapers: Haaretz, Yediot Aharonot, Maariv and Hadashot. The ...
Possible Elite/Slimfast joint venture. (Elite Israel Chocolate and Sweets Manufacturing Company Ltd.) (Agriculture and Food)
Jan 10, 1992 ... Israeli sweet and chocolate manufacturers Elite Industries and the U.S. diet food company Slimfast are considering the establisment of a plant, in the U.S., to manufacture sweet, low-calorie snacks. Slimfast products are distributed in Israel by Osem Food Industries who also manufacture ...
Coca Cola into Carlsberg. (Central Bottling Co., Carlsberg AS partnership) (Agriculture and Food)
Jan 10, 1992 ... Coca Cola bottlers in Israel, the Central Bottling Co., are entering into partnership with the Danish beer manufacturer Carlsberg to establish a plant for the production of Carlsberg brand beer and possibly at a later stage, the Tuborg brand of the same company. Investment in the plant is ...
Yes! we have bananas. (Israeli banana productivity) (Agriculture and Food)
Jan 10, 1992 ... Yields of bananas in the current season are expected to reach 85,000 tons--a 30.8 percent increase over the 65,000 tons harvested last year. In December alone, growers harvested 11,000 tons and prices to the consumer have dropped from the September price of NIS 3.50 to NIS 2.00 per kilo. ...
Yes! we have more beer. (Israeli beer market) (Agriculture and Food)
Jan 10, 1992 ... The beer market is going to be highly competitive in 1991. Cigmore a subsidiary of Elite Industries is to begin importing the Amstel brand beer from Holland. Other sources report soft drink manufacturer Jafora Tabori is negotiating with unnamed European beer manufacturers to import their ...
New food standards. (Israel) (Agriculture and Food)
Jan 10, 1992 ... On January 10, 1992 a new symbol, GMP, will come into use. The symbol means "Good Manufacturing Process" and will apply to food products conforming to predetermined quality standards. A public committee comprising representatives of the Health Ministry Food Division and the Manufacturers ...
Guarantor data bank. (Bank of Israel requires banks to keep data banks on loan guarantors) (Banking, Finance and Insurance)
Jan 10, 1992 ... Bank of Israel Examiner of Banks, Dr. Amnon Goldshmidt has instructed the banks to maintain a data bank on all loan guarantors. The aim of the data bank is to enable banks to avoid situations where people sign as guarantors for amounts well beyond their financial ...
Carmel to issue shares. (Carmel Mortgage and Investment Bank) (Banking, Finance and Insurance)
Jan 10, 1992 ... The Carmel Mortgage and Investment Bank is planning to raise some NIS 20 million through a share and bond issue. Carmel has applied for a license to operate as a commercial bank and the Bank of Israel has approved the application contingent on submission of a ...
Bond market slipped. (Banking, Finance and Insurance )
Jan 10, 1992 ... Bonds have always been considered a "solid" investments; however, 1991 showed that this can be true on a long term basis while leaving ...
Dollar was a poor bet. (foreign exchange market in 1991) (Banking, Finance and Insurance)
Jan 10, 1992 ... The year 1991 was especially disappointing for investors in foreign currency. The standard currency basket eroded by six ...
Venture capital for new immigrants. (I.E.D.C.) (Banking, Finance and Insurance)
Jan 10, 1992 ... U.K. businessman Cyril Stein has formed a company, I.E.D.C., with the aim of establishing enterprises that will create jobs for new immigrants and increase exports of science-based industries. Arthur Low a former senior executive of the Scitex Corporation has been appointed Managing ...
New index for U.S.-traded Israeli companies. (Central Securities Corp.'s Central Overseas Index, stock price index) (Banking, Finance and Insurance)
Jan 10, 1992 ... The Central Securities Corporation has composed an index comprising shares of Israeli companies traded in the U.S.--the Central Overseas Index. The index lists 27 companies whose shares are available to Israeli residents and combines both the negotiability of the share and the market ...
More TASE variables in 1992. (Tel Aviv Stock Exchange) (Banking, Finance and Insurance)
Jan 10, 1992 ... Tel Aviv Stock Exchange Chairman Haim Stoessel says that during 1992, the number of shares traded in the variables list will be increased and the remaining shares will be traded by computerized tender. Stoessel told pressmen the Financial Futures Market was scheduled to begin operation in ...
Israel's loans in 1991. (Banking, Finance and Insurance)
Jan 10, 1992 ... In the fiscal year April through December 1991, Israel raised loans totaling some $1.4 billion on the international money market. Accountant General Eliezer Yonas says the amounts raised were in addition to grants from ...
Abeille insurance agency change. (sold to Eldad Halevy) (Banking, Finance and Insurance)
Jan 10, 1992 ... The agency of the French insurance company Abeille has been sold to Eldad Halevy, formerly managing director of Betah insurance agents. The agency was held by Betah, a ...
No change in currency reserves. (Israel) (Banking, Finance and Insurance)
Jan 10, 1992 ... Israel's foreign currency reserves at year end ar practically unchanged from the 1990 year end total. At December 1991 the reserves ...
Israel Land Development completes insurance takeover. (Biderman Insurance) (Banking, Finance and Insurance)
Jan 10, 1992 ... As of January 1, 1991, Biderman Insurance has become Israel Land Development Insurance. Muky Abramovits formerly deputy managing director of Harel Hamishmar Investments has been appointed Managing Director of the newly named ...
Israel aid from the IMF. (International Monetary Fund) (Banking, Finance and Insurance)
Jan 10, 1992 ... Israel is requesting $250 million in aid from the International Monetary Fund (IMF) to cover damage suffered from the Gulf War. A delegation of the IMF is due in Israel to hold discussions with ...
Economic growth. (Israel in 1991) (Banking, Finance and Insurance)
Jan 10, 1992 ... This year showed an 18 percent growth in the local market, with 5,600 new jobs. The year showed a rate of industrial ...
Reichman withdraws from Town Square project. (Reichman brothers, Jerusalem Development Corp.'s Town Square, building project, Jerusalem, Israel) (Construction and Real Estate)
Jan 10, 1992 ... The Canadian Reichman brothers, are withdrawing from the Jerusalem "Town Square" project and their $25 million investment is being returned. The project developers, the Jerusalem Development Corporation has found alternative ...
Old Tel Aviv port redevelopment. (Gad Zeevi acquires Tel Aviv Development Corp.) (Construction and Real Estate)
Jan 10, 1992 ... The Jewish Agency is selling its holdings in the Tel Aviv Development Corporation. Agency Treasurer Meir Shitrit has signed a draft agreement with businessman Gad Zeevi. According to the terms of the agreement the Agency will receive 25 percent of the apartments to be built by Zeevi. ...
New trade center. (Israel Trade Fairs Center, exhibition center, Tel Aviv, Israel) (Construction and Real Estate)
Jan 10, 1992 ... The Israel Trade FairsCenter is planning additional buildings to enlarge the exhibition area. The new buildings will incorporate the site currently occupied by the Trade Fair Center, and the adjacent drive-in cinema and amusement park. The first stage comprises 32,000 square meters of ...
Baran building for interferon. (Baran Project Construction to construct Interpharm Laboratories' interferon manufacturing factory) (Construction and Real Estate)
Jan 10, 1992 ... Baran Project Construction of Beersheba has been selected by Interpharm Laboratories to build its new plant for the manufacture of interferon. The drug, which is manufactured by a genetic engineering process demands production facilities built to precise specifications so as to ...
Blumberg chosen as Deputy President of FIABCI. (David Blumberg, International Real Estate Federation) (Construction and Real Estate)
Jan 10, 1992 ... The International Real Estate Federation (FIABCI) has chosen David Blumberg, general manager of Anglo-Saxon Real Estate as a deputy world president. Blumberg was chosen during a conference in Sao Paulo last week. The nomination means that Blumberg will act as the Paris-based ...
New consumer items. (Israeli corporations) (Consumer Products, Retail and Services) (Product Announcement)
Jan 10, 1992 ... The last quarter of 1991 saw a slew of new products introduced to the Israeli consumer market. Major new products produced in Israel included: * Wissotzky Iced Tea -- an instant iced tea mix; * Osem Rich Soups -- soups in a can in four varieties; * Mepro ...
New massage bath from Keter. (Keter Plastics' Alexis, hot tub) (Consumer Products, Retail and Services) (Product Announcement)
Jan 10, 1992 ... KeterPlastics has introduced its new message bath called "Alexis". The bath operates jets of air which are distributed equally and provide massage to all parts of the body. The bath has an electrical output of 800 watts and ...
More Korean imports on the way. (Clal Trading contract with Hyundai Motor Company Ltd.) (Consumer Products, Retail and Services)
Jan 10, 1992 ... Sources report executives of Clal Trading are visiting South Korea to negotiate for the Hyundai car agency. Clal is the official importer of Yamaha motorcycles and is seeking to expand its activities in the automotive field. Currently only Kia light trucks are imported from South Korea ...
Sleeping bag for rocky terrain. (Kibbutz Zikim introduces Rest Kit, multipurpose sleeping bag) (Consumer Products, Retail and Services) (Product Announcement)
Jan 10, 1992 ... Kibbutz Zikim has introduced the "Rest Kit" -- a multipurpose sleeping bag consisting of a colored mattress with a polyethylene base. The bag or mattress can be folded and carried in a overnight bag and is offered in three different ...
Zim sails to Wall Street. (Zim Israel Navigation Company Ltd.) (Consumer Products, Retail and Services)
Jan 10, 1992 ... Zim Israel Navigation Co. is planning a share issue in the U.S. to raise an estimated $100 million. Underwriters of the issue will be U.S. brokers Salomon Brothers and Kidder Peabody. ...
Defense industries at Singapore show. (Asian Aerospace and Defense, exhibition, Singapore) (Exhibitions, Conferences and Seminars)
Jan 10, 1992 ... The major defense manufacturers are to exhibit in the Asian Aerospace and Defense show to be held in Singapore in February 1992. The Singapore event is considered one of the most prestigious of defense exhibitions. Among the Israeli participants are: Israel Aircraft Industries, ...
Israeli displays at 150 int'l exhibitions. (Itex Exhibition Services Ltd. publishes guide to foreign exhibitions) (Exhibitions, Conferences and Seminars)
Jan 10, 1992 ... Israel will be represented at approximately 150 international exhibitions in 1992. The Export Institute will organize delegations to 60 of the fairs and in the rest of the exhibitions, Israeli exporters will appear independently. Itzhak Sela, general manager of Itex Exhibition Services ...
Computer automation seminar. (Mirav Hadracha's Automation, Remote Control and Computerization in Export Processes, seminar, Tel Aviv, Israel) (Exhibitions, Conferences and Seminars)
Jan 10, 1992 ... "Automation, Remote Control and Computerization in Export Processes" will be the theme of a course to be given by Mirav Hadracha on February 5-6, 1992 at the Sheraton Hotel in Tel ...
Starting a business. (Association of Americans and Canadians in Israel Business Forum's Starting Your Own Business in Israel, seminar, Tel Aviv, Israel) (Exhibitions, Conferences and Seminars)
Jan 10, 1992 ... The Association of Americans and Canadians in Israel (AACI) Business Forum is holding a seminar on "Starting Your Own Business in Israel" on January 13, 1992 at 5:00 p.m. Speakers will be Arye Sharon, Director of Advanced Technologies at Temed Park and Menashen Feivel of the business ...
Focus '92. (professional photographer convention, Jerusalem, Israel) (Exhibitions, Conferences and Seminars)
Jan 10, 1992 ... Focus '92, the international convention of professional photographers, will be held in Israel on April 5-9, 1992. The convention will be located in Jerusalem, at the Hadassah College which will place its facilities at the disposal of participants who will include visitors from China, ...
College for small factory managers. (College of Management for Small and Middle Sized Factories) (Government, Trade, Labor, Education)
Jan 10, 1992 ... In February, the College of Management for Small and Mid-Sized Factories will begin functioning under the authority of the Manufacturers Association in cooperation with the Israeli Management Center. Dani Ben-Natan, chairman of the Organization of Small and Mid-Sized Factories ...
New investments approved. (Israel. Ministry of Trade and Industry) (Government, Trade, Labor, Education)
Jan 10, 1992 ... The Industry and Trade Ministry Investment Center has approved 11 investment projects. These include both new plants as well as expansions. The investments amounting to $14.5 million are projected to create 464 jobs and additional exports totaling $117 million. Among the projects ...
R&D grants in 1991. (Israel. Ministry of Trade and Industry's research and development grants) (Government, Trade, Labor, Education)
Jan 10, 1992 ... In 1991, the Industry and Trade Ministry Chief Scientist's office approved research and development grants of NIS 405 million for 900 projects. This compares with NIS 274 million for 729 projects in 1990 -- an increase of 25 percent. Chief ...
National Insurance reports. (National Insurance Institute report on health insurance) (Government, Trade, Labor, Education)
Jan 10, 1992 ... The National Insurance Institute has released date relating to 1990. In that year receipts of the Institute totaled NIS 9.9 billion plus another NIS 2 billion collected on ...
Tax revenue up 13 percent. (Israel's 1991 tax revenues) (Government, Trade, Labor, Education)
Jan 10, 1992 ... Revenue from taxes in the 1991 budget year, April through December 1991, totaled NIS 31.7 billion -- an increase of 13 percent compared with the same period last year. ...
Gov't seeks overseas finance. (Israel) (Government, Trade, Labor, Education)
Jan 10, 1992 ... A look at the 1992 budget shows Israel will be looking for the equivalent of NIS 17.2 billion in overseas finance. The sum of NIS 1.3 billion is to be raised from the sale of Israel bonds in the U.S. In addition, NIS ...
Promoting biotechnology. (Israel. Inter-Ministerial Committee for Science and Technology) (Government, Trade, Labor, Education)
Jan 10, 1992 ... The Inter-Ministerial Committee for Science and Technology headed by Science and Development Minister Yuval Neeman has decided to appoint a national steering committee to promote and encourage biotechnology R & D. Exports of Israel's biotechnology industry in 1991 totaled about $5 ...
Budget deficit limited by law. (Israel) (Government, Trade, Labor, Education)
Jan 10, 1992 ... The Knesset approved a law limiting the budget defit in 1992 to 6.2 percent of the GDP. The law also limits ...
Fewer jobs. (Israel) (Government, Trade, Labor, Education)
Jan 10, 1992 ... A survey conducted by the employment agency Manpower Israel indicates employment ads in the fourth quarter of 1991 were down by nine percent compared to the second quarter of the year -- 63,300 versus 69,900. The decline was particularly significant in November and December. ...
Work accidents cost $200 million. (Israel) (Government, Trade, Labor, Education)
Jan 10, 1992 ... The Institute for Occupational Safety and Hygiene says work accidents in 1991 cost the State $200 million in payments to 60,000 victims. Overall the direct and indirect cost is estimated to be $800 million. Institute Managing Director ...
Tax burden down. (Israel) (Government, Trade, Labor, Education)
Jan 10, 1992 ... Data published by the Ministry of Finance indicates a two percent decrease in the tax burden for 1991. Tax collections represented 39 percent of the national income compared to 41 percent in 1990. The decrease is due to the continued decline in the collection of direct taxes ...
Mixed bag of legislation for 1992. (Israel) (Government, Trade, Labor, Education)
Jan 10, 1992 ... First the good news. In 1992 Israelis can look forward to the cancellation of travel tax at the end of December; a lowering of prices on non-luxury goods imported from the Far East; enactment of the new mortgage law that will ensure favorable terms to those eligible; and the benefits for ...
Quick diagnosis of swallowing impairment. (HIL Research Ltd.'s Computerized Laryngeal Analyzer, medical testing equipment) (Health and Pharmaceuticals)
Jan 10, 1992 ... A noninvasive computer-supported device can provide objective information on swallowing and the functions of the larynx. This Computerized LaryngealAnalyzer (CLA) is the work of Dr. Shirit Yarkony of HIL Research Ltd. The device simplifies the diagnosis of swallowing impairments ...
Precision plastics for medicine. (Elcam Plastic) (Health and Pharmaceuticals)
Jan 10, 1992 ... An extensive line of very precise plastic products, mainly for medical and other laboratory applications, is available from Elcam Plastic of Kibbutz Bar'am in the Upper Galilee. Elcam is a highly sophisticated operation with modern extruders, injection molding machines and automatic ...
Quick blood tests. (Orgenics Ltd. develops Glu-Cross, glucose testing kit, Cross-Sterol, cholesterol testing kit) (Health and Pharmaceuticals)
Jan 10, 1992 ... Orgenics Ltd has developed simple and quick tests for the almost immediate determination of total glucose and cholesterol levels. Orgenics is a high-tech firm known for its sophisticated diagnostic kits, including a kit to test for HIV. For the tests, the company developed a proprietary ...
Design award for Baby Dose. (Log Plastic Products' Baby Dose, infant medicine administration tool) (Health and Pharmaceuticals)
Jan 10, 1992 ... Baby Dose from Log Plastic Products has received a designer award from the Israel Museum in Jerusalem and a silver star award from the Israel Center for Packaging and Industrial design. The product is a specially-designed system for parents to administer accurate doses of medicine to ...
Simulators to Germany. (Simtech Advanced Training and Simulation Systems) (High Tech)
Jan 10, 1992 ... Simtech Advanced Training and Simulation Systems has signed an agreement with a German rail equipment manufacturer for the joint development of simulators to train underground and railway train drivers. Simtech will supply the simulator based on ...
Another laurel for Elbit. (Elbit Ltd., Electronics Manufacturers Association award) (High Tech)
Jan 10, 1992 ... Elbit Ltd won the quality award of the Electronics Manufacturers Association for 1991, said Uri Har, Managing Director of the association. The prize was awarded on January 2 by Trade and Industry Minister Moshe Nissim. In second place was Tadiran Telecommunications Group, and in third ...
Knesset members interested in Democracy. (Israel. Knesset, Mega-Tech's Democracy, computer software) (High Tech)
Jan 10, 1992 ... Software company Mega-Tech has created a new software package for managing election campaigns. Known as "Democracy", the system is targeted for candidates for parliament, municipal elections, or for other public office. Democracy covers all the areas necessary for running for an elected ...
New Malam plant in Dimona. (Malam Systems Ltd., Dimona, Israel) (High Tech)
Jan 10, 1992 ... The government owned data processing company has inaugurated a new plant in Dimona. The plant will manufacture electronic equipment and software for computerized digital ...
Motorola gets new CEO. (Motorola Israel, Hanan Achsaf) (High Tech)
Jan 10, 1992 ... Hanan Achsaf has been appointed the new CEO of Motorola Israel, fully-owned subsidiary of Motorola U.S.A.. Achsaf, who has degrees in electronics and business management, began working at Motorola in 1965 as a development engineer, and in 1970 was named ...
Philippines interest in Kfir aircraft. (Israel Aircraft Industries contract with Philippines. Air Force) (High Tech)
Jan 10, 1992 ... The Philippine Air Force has announced its intention to purchase 18Kfir aircraft as replacement for its F-5 fighter aircraft. Israel Aircraft Industries is offering an upgraded version of the Kfir as used by the ...
Software house ranking. (High Tech)
Jan 10, 1992 ... The fax newspaper "Good Morning", published by People and Computers, has ranked the major software houses by sales. Aurec Information, a Ramat-Gan based software firm, is ranked number one even though the company does not release any financial data. Second in the list is DSI -- Decision ...
"Approved enterprise" status for BATM. (Beres Advanced Technologies and Marom) (High Tech)
Jan 10, 1992 ... The Industry and Trade Ministry Investment Center has granted "approved enterprise" status to the Haifa based Beres Advanced Technologies and Marom (BATM). The company has recently completed development on a number of innovative products in the area of communications and control systems. ...