Finance Minister Bezalel Smotrich and senior Treasury officials met Wednesday evening with high-tech company representatives to discuss the impact of the strengthening shekel on the industry, according to N12. Participants included Culture CEO Ron Yekutiel, cybersecurity entrepreneur Alon Arbez, Viola Credit partner Asaf Varecht, and Amit Harel from Deloitte. The meeting follows previous government efforts to form a task force and consider grants for the sector.
Finance Minister Bezalel Smotrich and senior Treasury officials met Wednesday evening with representatives of Israel's high-tech sector to discuss the economic pressure from the strengthening shekel. The meeting, reported by N12, included Culture CEO Ron Yekutiel, cybersecurity entrepreneur Alon Arbez, Viola Credit partner Asaf Varecht, and Amit Harel from Deloitte.
This is the latest in a series of government discussions on the issue. As The Zioneer reported on June 3, Smotrich ordered the formation of a special team to address the shekel's impact on high-tech. A subsequent task force was expected to recommend grants for the sector, as covered on June 11. Manufacturers have also warned of plant closures and called for government action, as reported on June 9.
The meeting signals continued Treasury attention to the sector's difficulties, though no specific new measures were announced in the initial report.
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