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Article: Industry Ministry demands Investment Center budget hike: Israel-Asia Chamber of Commerce president Amir Hayek: Close the Investment Center.
- Article from:
- Globes
- Article date:
- December 26, 2006
CopyrightCOPYRIGHT 2006 Globes. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Hadas Manor
Dec. 26--Minister of Industry, Trade and Labor Eli Yishai is calling on the Ministry of Finance to cancel the budget cut for the Investment Promotion Center, and to increase its budget by NIS 500 million instead. He told "Globes", "The Investment Center's 2007 budget renders the Law for the Encouragement of Capital Investment meaningless. Without a budget supplement of NIS 500 million, there is no Investment Center. This will hurt outlying areas and deter foreign investment." Yishai said he was still negotiating with the Ministry of Finance on the Investment Center's budget. "I don't yet know how it will turn out. The negotiations will be ...