From next year, the Jewish Agency has decided to eliminate its NIS 10 million budget for small businesses and enterprises in rural communities.
Acting governor of the Bank of Israel Meir Sokoler cut the interest rate by 0.2 percentage points yesterday, leaving the country with its lowest-ever rate of 3.5 per cent.
The Israel Diamond Exchange (IDE) announced that it has finalized an unprecedented agreement with the Israeli Credit Insurance Company (ICIC), which will for the first time enable Israeli diamond exporters to receive credit insurance.
After three years of contraction, the number of small- and medium-sized businesses (SMEs) is expected to rise in 2004.
Israel Foreign Trade Risks Insurance Corp (IFTRIC) offers export insurance.
Exporters' demand for sales credit insurance to Russia, China, Mexico and Romania soared in the first half of 2004. Israeli Credit Insurance Co.
The chairman of the Knesset Finance Committee Subcommittee for Examining the Effects of the Financial Crisis on Small Businesses, MK Ruhama Avraham (Likud), is calling on the Ministry of Finance to recruit one or more banks to the loan fund for sm