The Finance Ministry is launching a NIS 1.6 billion plan to strengthen Israel's export and high-tech sectors, according to a report by N12 economic correspondent Yuval Sadeh on Tuesday. The plan's specific measures are not yet detailed.
The Finance Ministry is launching a NIS 1.6 billion plan to boost Israel's export and high-tech sectors, N12 economic correspondent Yuval Sadeh reported Tuesday. The announcement comes amid ongoing government efforts to support the tech industry, which has faced currency pressure and global market headwinds. Specific measures within the plan have not yet been detailed. As The Zioneer reported earlier this month, Finance Minister Bezalel Smotrich and senior Treasury officials met with high-tech leaders to discuss the impact of the strengthening shekel, and the government has previously considered forming a task force and providing grants to the sector. The new initiative signals a more concrete commitment, though its implementation timeline and eligibility criteria remain unclear.
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Source and signal
- Internal intake