A task force appointed by Finance Minister Bezalel Smotrich to assess aid for Israel's high-tech sector amid the Shekel's rise is expected to recommend distributing cash grants to sectors needing help, according to N12.
Finance Minister Bezalel Smotrich's task force to assess the impact of the strengthening Shekel on Israel's high-tech sector is expected to recommend cash grants to struggling segments of the industry, N12 reports. The task force was appointed last week amid growing concern from tech executives that the currency's rise is eroding export competitiveness. As The Zioneer reported on June 3, Smotrich had ordered the formation of a special team following a meeting with high-tech representatives. The current report adds a concrete policy direction — grants rather than tax breaks or regulatory relief.
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