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Israel

Israel resumes export credit insurance to Africa after 10...

Israel Foreign Trade Risks Insurance Corporation Ltd. (IFTRIC) is resuming risk insurance for exports to Africa, after the government stopped providing export risk insurance ten years ago, due to the high risks involved. Ministry of Finance Accountant General Dr. Yaron Zalika...

Agency to eliminate NIS 10m rural SME loans budget

From next year, the Jewish Agency has decided to eliminate its NIS 10 million budget for small businesses and enterprises…

#small businesses#SME loans


Interest rate “lowest ever”

Acting governor of the Bank of Israel Meir Sokoler cut the interest rate by 0.2 percentage points yesterday, leaving the…

#bank#interest#interest rate


ICIC to make credit insurance available to Israeli diamond...

The Israel Diamond Exchange (IDE) announced that it has finalized an unprecedented agreement with the Israeli Credit Insurance Company (ICIC),…

#bank#exporters#international


Small businesses lead road to recovery

After three years of contraction, the number of small- and medium-sized businesses (SMEs) is expected to rise in 2004. According…


IFTRIC and Israel Credit Insurance Company.

Israel Foreign Trade Risks Insurance Corp (IFTRIC) offers export insurance. The company was partially privatised in November 2001, when the…


Growing awareness leads to soaring demand for export insurance

Exporters' demand for sales credit insurance to Russia, China, Mexico and Romania soared in the first half of 2004. Israeli…


Many companies stuck in small business loan fund bottleneck

The chairman of the Knesset Finance Committee Subcommittee for Examining the Effects of the Financial Crisis on Small Businesses, MK…

#bank#banks#crisis


Interest rate cut by 0.4%

Bank of Israel governor David Klein announced a 0.4 percent cut in the interest rates on 30 December, as was…

#bank#interest#interest rate


Supervisor of Banks to restrict overdrafts in favour of...

Supervisor of Banks, Yoav Lehman, is drafting new guidelines for banks that will reduce drastically the availability of overdrafts on…

#bank#banks#interest


NIS30 million state fund to give loans to small...

The new fund for loans to small businesses will begin operations in the next few days after the Knesset Finance…

#bank#recession#security


Importance of SMEs recognised by Industry Minister

Minister of Industry, Trade and Labour Ehud Olmert, speaking at the World Association of Small and Medium Enterprises (WASME) Conference,…

GERLING deal will help Clal Credit Insurance expand export...

The changes in the ownership of Gerling NCM Credit and Finance, a part of Germany’s Gerling Group, will help Clal…

#bank#Deutsche Bank#export credit insurance

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