A credit database for small and medium businesses, aimed at increasing competition in the business credit market, has received final approval, according to MK Vladimir Beliak, the law's initiator. He said the move is expected to save small businesses approximately 1.5 billion shekels.
According to a report, the Finance Committee has given final approval to the establishment of a credit database for small and medium businesses. The database is intended to increase competition in the business credit sector. MK Vladimir Beliak, the initiator of the law, stated that the move is expected to save small businesses approximately 1.5 billion shekels. The database will include information on small and medium businesses, aiming to improve access to credit and reduce costs.
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