ICEN articles from April 1990

ICEN archives from April 1990

Liquidity reserve rate lowered. (Bank of Israel) (Banking)
April 4, 1990... Liquidity Reserve Rate Lowered The Bank of Israel announced last week a cut in liquidity reserve requirements on shekel deposits and credit lines in the banking system. The rates will now be as follows: Unlinked deposits -- from 12.4% to 8.6%;...

Second successful satellite launch. (Israel Aircraft Industries Ltd.'s Ofek-2, satellite)
April 4, 1990... Second Successful Satellite Launch Israel Aircraft Industries announced that the launch of the Ofek- 2 satellitehad been successfully accomplished from the launching pad in the central region of the country. Ofek-2 is moving in an elliptic...

Marietta chooses Fibronics. (Martin Marietta Data Systems)
April 4, 1990... Marietta Chooses Fibronics Aerospace giant Martin Marietta Systems, has installed one of the largest FDDI backbone networks in the U.S., connecting six local area networks, over 30 computer systems and some 1,800 users located throughout eight...

Plastro Gvat in the Caribbean.
April 4, 1990... Plastro Gvat in the Caribbean Plastro Gvat, manufacturers of low-volume irrigation drippers and mini sprinklers, plastic pipes and accessories, has expanded its operations abroad. The company announced the completion of a large agricultural...

Russian deals at Agritech. (Agritech '90, exhibition)
April 4, 1990... Russian Deals at Agritech Several delegations from the Soviet Union, in Israel for the Agritech '90 exhibition, have signed purchase agreements. According to the Israel Export Institute's Rafi Glick, the largest deal, worht $700,000, involves...

Tjaerborg renews charters. (flights to Israel)
April 4, 1990... Tjaerborg Renews Charters The Danish Tjaerborg charter flight company will renew flights to Israel. The airline, which was bought by the Spies company last year, ceased flights to Israel in the 80's because of political and economic reasons....

Scitex downscales. (electronic pre-press system)
April 4, 1990... Scitex Downscales An electronic pre-press system for small- and medium-sized color printing establishments has been unveiled by Scitex. This innovative development will first be shown to the industry at large later this month at DRUPA, the...

Advertising award. (Fogel-Levin, Israeli Advertising Oscar, award) (Advertising & Public Relations)
April 4, 1990... Advertising Award The Fogel-Levin advertising agency has won the Israeli Advertising Oscar for the second consecutive year, this time for its campaign on behalf of Luach Ha'ir, the classified advertising division of the Shocken Group of...

IAI awarded contracts. (Israel Aircraft Industries' Matam) (Agriculture)
April 4, 1990... IAI Awarded Contracts The Matam aircraft services plant, part of Israel Aircraft Industries' Bedek aviation division, has been awarded two contracts. One of them is with a new European airline customer for a periodical maintenance check on the...

El Al to buy Boeings. (El Al Israel Airlines, Boeing 747-400, jet airplanes) (Aviation)
April 4, 1990... EIAI to Buy Boeings El Al will purchase two Boeing 747-400's with a seating capacity of 500 seats each, at an investment of $270 million. The planes will be delivered in 1994 and 1995 and are intended to replace the airline's Boeing 747-200...

Savings plan war heats up. (Bank Leumi le-Israel, Israel Discount Bank Ltd. announce new services) (Banking)
April 4, 1990... Savings Plan War Heats up The competition between over savings plan terms has heated up with Bank Leumi and Israel Discount Bank announcing new schemes in the wake of those introduced recently by First International Bank and Bank Hapoalim....

Mishkan profits up. (Banking)
April 4, 1990... Mishkan Profits Up Bank Hapoalim's Mishkan mortgage bank registered net profits of NIS 9.6 million in 1989, compared with NIS 1.17 million in 1988, an almost nine-fold increase. Allowances for doubtful debts fell from NIS 28.5 million in 1988...

Leumi board revokes Japhet contract. (Bank Leumi le-Israel, Ernest Japhet) (Banking)
April 4, 1990... Leumi Board Revokes Japhet Contract Bank Leumi's board of directors has revoked the personal contracts of Ernest Japhet and Mordechai Einhorn and has directed the bank's management to prevent the two former senior bank officials from...

Bank Hapoalim profits. (Banking)
April 4, 1990... Bank Hapoalim Profits Bank Hapoalim, has reported a marked improvement in its financial performance for 1989. Profitability from current operations continued to be high, with profits from financing activities, before provision for doubtful...

UMB sale moving ahead. (United Mizrahi Bank Ltd.) (Banking)
April 4, 1990... UMB Sale Moving Ahead Government representatives may hurry the sale of United Mizrahi Bank and sell it before Israel Discount Bank. This change apparently results from the delays in the proceedings to sell IDB, as the present shareholders wait...

Quarterly bank reporting. (Bank of Israel to change rules) (Banking)
April 4, 1990... Quarterly Bank Reporting Bank Commissioner Amnon Goldschmidt told a Tel Aviv University conference on financial statements that the Bank of Israel plans to change the banks' quarterly reporting requirements. Henceforth, quarterly statements...

More time to save. (Israel. Ministry of Finance extends Lematmid, savings plan) (Banking)
April 4, 1990... More Time to Save Prime Minister Yitzhak Shamir, who now also holds the position of Finance Minister, has extended the validity of the attractive "Lematmid" savings plans, which allows monthly deposits. These plans had actually expired at the...

Tefahot profit jump. (Tefahot Mortgage Bank) (Banking )
April 4, 1990... Tefahot Profit Jump A 68% increase in net earnings was recorded by the Tefahot Mortgage Bank in 1989. Net earnings, including a one-time profit from the sale of a subsidiary, totaled NIS 3.9 million. After-tax profits from operations grew 4.4%...

Discount profits down. (Israel Discount Bank Ltd.) (Banking)
April 4, 1990... Discount Profits Down Israel Discount Bank's 1989 financial reports, published last week, indicate that after-tax earnings declined 4.3% from the year before to NIS 64 million, or 5.1% of the bank's NIS 1,293 million equity. The decline in...

Medina to ICL. (Victor Medina, Israel Chemicals Ltd.) (Chemicals)
April 4, 1990... Medina to ICL Former Treasury director general Victor Medina will soon be appointed chairman of the board of Israel Chemicals. Other contenders for the position were Aharon Fogel, former budget director at the Treasury and Dr. Emmanuel Sharon,...

$30 million in cable TV. (Discount Investment Corporation Ltd.) (Communications)
April 4, 1990... $30 Million In Cable TV The IDB Group's Discount Investments and PEC subsidiaries, in conjunction with the American company United Cables, plan to invest $30 million in their jointly-owned cable TV company, according to Discount Investments...

Pager fees down. (Israel. Ministry of Communications policy on radio-pager licenses) (Communications)
April 4, 1990... Pager Fees Down Licences on radio-pagers will be reduced by some 65%, from approximately NIS 20 a year to NIS 4-8 a year, depending on the model, following the Knesset finance committee's approval of the request submitted by the Communications...

Million dollar investment. (Anglo-Israeli) (Communications)
April 4, 1990... Million Dollar Annual Investment The Anglo-Israeli corporation established to submit a tender to operate the second television channel, has undertaken to invest $1 million a year in Israeli movie production should it win a Channel Two...

ECI after Tadiran Communications. (ECI Telecom Ltd., Tadiran Communications Group) (Communications)
April 4, 1990... ECI After Tadiran Communications ECI Telecom, owned by Clal Industries, is interested in acquiring the Tadiran Communications Group. Canadian Charles Bronfman recently invested $18 million in ECI for 25% of the company's shares, with an option...

Alster to stay on. (Yoram Alster, Bezeq Israel Telecommunications) (Communications)
April 4, 1990... Alster to Stay On Before the Labor Party ministers took leave of the government, Yoram Alster's position as chairman of Bezeq Israel Telecommunications was extended. His term of office was to have ended in April.

Koor and Tadiran parting. (Koor Industries Ltd., Tadiran-Israel Electronics Industries Ltd.) (Conglomerates)
April 4, 1990... Koor and Tadiran Parting Tadiran will be spun off from the Koor Industries conglomerate in the future, according to the managing director of Bank Hapoalim, Amiram Sivan. Speaking at a press conference, Sivan said that a strategic recovery plan...

Clal buys Sunfrost shares. (Clal Industries Ltd.) (Conglomerates)
April 4, 1990... Clal Buys Sunfrost Shares Clal Industries has notified the Tel Aviv Stock Exchange of its recent acquisition of approximately NIS 4 million of Sunfrost shares from Charles Goodman, an overseas investor. Clal now owns some 68.4% of Sunfrost...

No Koor bond interest. (Koor Industries Ltd.) (Conglomerates)
April 4, 1990... No Koor Bond Interest Koor Industries notified the Tel Aviv Stock Exchange last week that it will not pay the interest due shortly on its Series Four bonds. Koor did not pay pay interest on Series One and Six. A total of six bond series were...

Recovery plan for Koor Trade. (Koor Trade Group) (Conglomerates)
April 4, 1990... Recovery Plan for Koor Trade Senior Treasury officials are requiring that Koor Industries submit a recovery plan for the Koor Trade group in the wake of the Suhari report, which recommended that the group be sold or dismantled. At the end of...

Yuval Gad declares insolvency. (Construction)
April 4, 1990... Yuval Gad Declares Insolvency Yuval Gad, the Koor-owned construction company, has filed a request for insolvency with the Beersheba regional court. The company explained that it had encountered severe financial difficulties, with its...

Building permits stable. (Israel) (Construction)
April 4, 1990... Building Permits Stable Requests for building permits are stable, building starts have increased and the number of building completions has fallen, according to figures released by the Central Bureau for Statistics. Building permit requests...

Land lottery. (Israel. Ministry of Housing and Construction, Pisgat Zeev section, Jerusalem, Israel) (Construction)
April 4, 1990... Land Lottery The Israel Lands Administration and the Housing Ministry are holding a lottery among building contractors for the purchase of land in Jerusalem's Pisgat Ze'ev neighborhood, on which 600 apartments are to be constructed. The...

Contractor guarantees to homeowners. (Israel. Knesset legislation) (Construction)
April 4, 1990... Contractor Guarantees to Homeowners The Knesset finance committee has endorsed a private members' bill to obligate contractors to provide a five-year guarantee period, as well as a preliminary "examination stage" to home purchasers. During the...

Australian complaint. (Australian construction companies) (Construction)
April 4, 1990... Australian Complaint Australian construction companies have submitted a complaint to the Israel-Australia Chamber of Commerce that the Israeli government is not considering them as prospective builders of housing for new immigrants.

Soltam at crossroads. (Defense & Security)
April 4, 1990... Soltam at Crossroads According to Major General (res.) Uri Simhoni, managing director of Soltam, should the Israel Defense Forces decide not to buy his firm's new field cannon, two things can be concluded -- Israel will never manufacture...

Soltam ammunition to U.S. Army. (Defense & Security)
April 4, 1990... Soltam Ammunition to U.S. Army Soltam, Koor Industries subsidiary, has signed a $15 million deal with the U.S. Martin Marietta company to supply ammunition to the U.S. army. The agreement was reached after an extended period of negotiations....

Pilotless helicopter. (Israel Aircraft Industries Ltd.-Israel. Navy project) (Defense & Security)
April 4, 1990... Pilotless Helicopter A project for the development of remote-controlled helicopters, for use in conjunction with sea-going vessels, was recently revealed by the commander of Israel's Navy. The ongoing effort -- a prototype has been completed...

Private law school. (Education)
April 4, 1990... Private Law School A private law school, the first of its kind in Israel, will open at the start of the next academic year under the auspices of the Tel Aviv University and the Israel Bar Association. The criteria for acceptance to the new...

Heitner leaves Tadiran. (Haim Heitner, Tadiran-Israel Electronics Industries Ltd. Tadiran Consumer Div.) (Electronics )
April 4, 1990... Heitner Leaves Tadiran Haim Heitner, managing director of Tadiran Consumer Division, has officially resigned, but will continue in his post until next month while transferring the reigns to his successor, Moshe Erez. Heitner had informed the...

New Rada plant. (Rada Electronic Industries Ltd., Beit-Shean, Israel) (Electronics)
April 4, 1990... New Rada Plant Rada Electronic Industries has announced that it has begun production activities at its new 29,000-square foot manufacturing and engineering facility in Beit-Shean. The new plant will enable the company to more than double its...

Elbit and Tadiran negotiations. (Elbit Computers Ltd., Tadiran-Israel Electronics Industries Ltd. merger) (Electronics)
April 4, 1990... Elbit and Tadiran Negotiations Elbit Computers and Koor Industries have been conducting secret negotiations concerning a possible merger of Elbit with Tadiran. The purchase of various Tadiran subsidiaries by Elbit is another option being...

Now govt fuel company? (Israel. Ministry of Finance. Treasury proposes establishment of a government-owned fuel company) (Energy and Fuels)
April 4, 1990... New Govt Fuel Company A different type of fuel reform has been suggested in a secret document prepared by the Treasury's budget division. Dr. Ran Mosenson, an economist employed ad hoc by the Ministry of Energy and the Treasury, proposes the...

More conferences. (Israel) (Exhibitions, Conferences & Seminars)
April 4, 1990... More Conferences A 53% increase in the number of international conferences held in Israel was registered in 1989, compared with 1988, while the number of participants grew by 100%. The Tourism Ministry reported that 133 international...

Realtors' fair in France. (Israeli Realtors' Fair, Paris Congress Center, Paris, France) (Exhibitions, Conferences & Seminars)
April 4, 1990... Realtors' Fair in France Realtors and entrepreneurs involved in over 40 projects in housing, commerce, industry and tourism have registered for the Israeli Realtors' Fair, to be held in the Paris Congress Center, May 8 - 15. There will be a...

Kosher food market. (Israel Export Institute exhibition, New York, New York) (Exhibitions, Conferences & Seminars)
April 4, 1990... Kosher Food Market The Israel Export Institute is organizing a kosher food exhibition for Israeli food processors, to be held in New York on May 23-24, as part of efforts to expand Israeli food exports to the United States. The American kosher...

IASPS seminars. (Institute for Advanced Strategic and Political Studies) (Exhibitions, Conferences & Seminars)
April 4, 1990... IASPS Seminars The Division for Economic Policy and Research at the Institute for Advanced Strategic and Political Studies (IASPS) plans to hold two seminars, in which of the fourth and fifth research papers in its policy series will be...

Serbian Week in Israel. (Man and His Dwelling '90, fair) (Exhibitions, Conferences & Seminars)
April 4, 1990... Serbian Week in Israel Israel's first Serbian Week will be held in Tel Aviv's Exhibition Grounds as part of the "Man and His Dwelling '90" fair. Some 150 Serbian companies will participate, exhibiting food products, furniture, leather goods,...

Sabi Lane to manufacture skiwear. (Fashion)
April 4, 1990... Sabi Lane to Manufacture Skiwear The Sabi Lane fashion house has been licensed by an American company to produce skiwear. According to the contract, the U.S. firm will will provide technological and marketing assistance. According to Sabi Line...

"The Limited" chief visits. (Leslie H. Wexner) (Fashion)
April 4, 1990... "The Limited" Chief Visits The Israel Export Institute exhibited creations by 15 of Israel's leading fashion and jewelry designers and manufacturers to Leslie Wexner, chairman of the American fashion-store chain The Limited. Hosts were the...

National planning. (Israel. Ministry of Economics and Planning) (Finance)
April 4, 1990... National Planning The director general of the Economics and Planning Ministry, Yehezkel Harmelech, has approached Treasury Director General Ya'acov Lifshitz and the Treasury's budget director David Boaz, with a request that they assist the...

Claridge considering small-business fund. (Claridge Israel Inc.) (Finance)
April 4, 1990... Claridge Considering Small-Business Fund Claridge Israel is considering setting up a $50-million investment fund for small businesses. Jonathan Kolber, president of the company, which is affiliated with the Bronfman-controlled Claridge firm in...

Investment channels disappoint. (Israel financial markets) (Finance)
April 4, 1990... Investment Channels Disappoint All of the various investment instruments showed disappointing results during the first quarter of 1990, registering negative yields in real terms. The dollar registered the highest nominal yield -- a 2% rise....

Deficit likely to raise interest rates. (Israeli budget deficits, Bank of Israel rates) (Finance)
April 4, 1990... Deficit Likely to Raise Interest Rates David Klein, a senior Bank of Israel official, warns that the increased budget deficit is likely to thwart central bank plans to lower interest rates. Klein explains that pressures on the capital markets...

Interest rates drop. (Bank of Israel) (Finance)
April 4, 1990... Interest Rates Drop The Bank of Israel lowered interest rates again last week to 15.8%, from the 17% it set in its monetary offering the week before. The "Galil" series bonds the government issued last week were sold at 126, compared to 122...

Shekel rises. (Israeli shekel) (Finance)
April 4, 1990... Shekel Rises The shekel rose to 2.1244 last week ago against the currency basket, 3% below the benchmark rate of 2.1888 set by the central bank a month ago. One result of this was a decline in the representative rate of the dollar to NIS...

Moda'i looks after Refuah. (Yitzhak Modai, Zeev Refuah) (Finance)
April 4, 1990... Moda'i Looks After Refuah Yitzhak Moda'i has successfully pressured Dan Meridor and other Likud ministers to extend Ze'ev Refuah's term of office as director general of the Government Corporations Authority. The Likud officials were not too...

Five month survey. (Bank of Israel economic survey) (Finance)
April 4, 1990... Five Month Survey According to a recent Bank of Israel economic survey, there was a slight improvement in the level of economic activity during the last five months. However, at this stage, the figures do not point to a definite turnabout. In...

Abolish five ministries. (Israel. Civil Service Commission's Meir Gabai recommendation) (Finance)
April 4, 1990... Abolish Five Ministries Civil Service Commissioner Meir Gabai recommends disbanding five government ministries and reducing political appointments in government companies and political activity among civil servants. According to Gabai, there...

Foreign currency reserves up. (Israel) (Finance)
April 4, 1990... Foreign Currency Reserves Up Foreign currency reserves increased in March by $188 million and now stand at approximately $4.34 billion. Banking sources estimate that businessmen converted approximately $300 million to Israeli currency during...

Central bank FC options. (Bank of Israel, foreign currency options) (Finance)
April 4, 1990... Central Bank PC Options The average premium on foreign currency options that commercial banks bought in tenders from the Bank of Israel in March was 1.36%, compared to 2.48% in February. This decline reflects lowered expectations for a...

McDonalds advertises. (McDonald's Corp. marketing Israeli franchises) (Food, Beverages and Tobacco)
April 4, 1990... McDonalds Advertises The American McDonalds hamburger chain is looking for investors to establish several branches in Israel. (See ICEN No. 168). There are 11,000 branches of McDonalds worldwide, 2,000 of which are operated by private...

Tropicana nixes Yakhin. (annexation) (Food, Beverages and Tobacco)
April 4, 1990... Tropicana Nixes Yakhin A delegation from the U.S. Tropicana company, which was in Israel last week examining the option of buying Yakhin Hakal, has announced that the deal will probably not go through. Tropicana, owned by the Canadian Bronfman...

Tempo managing director leaves. (Tempo Beer Industries Ltd., Moshe Pordhorzer) (Food, Beverages and Tobacco)
April 4, 1990... Tempo Managing Director Leaves Moshe Pordhorzer, managing director of Tempo Beer Industries, recently left his position to head the Neviot mineral water, which he owns. Sources at Tempo note that he has temporarily left Tempo in order to...

Team to check third country imports. (Israel. Ministry of Trade and Industry team, removing import restrictions against developing countries) (Imports)
April 4, 1990... Team to Check Third Country Imports A special team from the Industry and Trade Ministry has been set up to examine the question of the exposure of Israeli industry to competitive imports from third-world countries. Zvi Koren, director general...

Tow insurance. (Baruch Levi case) (Insurance)
April 4, 1990... Tow Insurance Insurance firms are obligating their clients to pay for tow services within the framework of their comprehensive car insurance. Many clients are not aware that they do not have to accept this service, which is not free, as might...

Sahar wins again. (Sahar Insurance, Israel. Ministry of Finance. Treasury contract) (Insurance)
April 4, 1990... Sahar Wins Again Sahar Insurance will continue to provide motor vehicle insurance to civil service employees this year, even though the company has been taken over from the Saharov family by the Harel Hamishmar Group. Sahar mangers and...

Demand up for university graduates. (Israel) (Labor)
April 4, 1990... Demand Up for University Graduates Government employment center data for January show a surprising increase in demand for college graduates. Avraham Cohen, the center's manager, admits that he has no explanation for the improvement, which...

Fewer Caesarian sections. (Haifa Medical Center, Technion develop fetal monitor) (Medical Equipment)
April 4, 1990... Fewer Caesarean Sections A novel fetal monitor, developed by scientists at the Haifa Medical Center and the Technion, makes it possible to reduce the number of births in which physicians must resort to Caesarean section. Postnatal tests...

Volkswagen acquisitions. (Volkswagenwerk AG contracts with Israeli corporations) (Motor Industry)
April 4, 1990... Volkswagen Acquisitions Volkswagen's reciprocal acquisitions from Israeli companies in 1989 amounted to some DM 20 million, according to Robert Fischel, deputy managing director of Emcol, the Israeli buyer for the German automaker. Most of the...

Economic reporters charged. (Israeli press coverage of financial matters) (Paper and Publishing)
April 4, 1990... Economic Reporters Charged The media has adopted a distorted and sensationalist approach to its coverage of certain issues, such as in its inexact presentation of interest rates, charged Shlomo Pyoterkovsky, deputy managing director of Bank...

Transitional paper coloring. (Malkior Print Productions develops paper coloring technique) (Paper and Publishing)
April 4, 1990... Transitional Paper Coloring David Malkior of Malkior Print Productions has developed a technique for treating paper with different colors so that one color is "swallowed" by another without creating a clear border between them. What makes this...

Maxwell gets more. (Robert Maxwell, acquisitions) (Paper and Publishing)
April 4, 1990... Maxwell gets More Robert Maxwell and the former editor of the Hebrew daily Yediot Aharonot, Dov Yudkovsky, completed the acquisition of half of Ma'ariv's shares last week. One of the companies in the Mirror group headed by Maxwell, Pergammon...

Teva appeals to high court. (Teva Pharmaceutical Industries Ltd.) (Pharmaceuticals and Cosmetics)
April 4, 1990... Teva Appeals to High Court Teva Pharmaceutical Industries has appealed to the High Court of Justice over the Health Ministry's refusal to authorize hospital use of Lovalip, a cholesterol-lowering medicine the firm claims may be the most...

Dizengoff twins. (Milo Rosenberg to build Dizengoff Center, office building, Tel Aviv, Israel) (Real Estate)
April 4, 1990... Dizengoff Twins A $10-million office building, to be located near the Dizengoff Center tower in Tel Aviv, is to be constructed by contractor Milo Rosenberg and a foreign investor who acquired the building rights from Arye Pilz. The 11-story...

Africa-Israel converts bonds, imports homes. (Africa-Israel Investments) (Real Estate)
April 4, 1990... Africa-Israel Converts Bonds, Imports Homes Over 90% of the approximately $7.5 million worth of bonds issued by Africa Israel Investments to 1,000 shareholders in South Africa in 1986 will be converted into ordinary shares. Notice will be given...

Aliyah going down. (Aliyah Market building, Tel Aviv, Israel to be razed, new residential-office building planned) (Real Estate)
April 4, 1990... Aliyah Going Down The Aliyah Market, built more than 50 years ago on Aliyah Street in south Tel Aviv, will soon be demolished, to be replaced by a tower that will combine residential and office space. The local planning and construction...

30,000 apartments short. (Bank of Israel forecasts apartment shortage for 1990) (Real Estate)
April 4, 1990... 30,000 Apartments Short A two-year survey conducted by the Bank of Israel's research department revealed that there will be a severe shortage of some 30,000 apartments for new immigrants in 1990. In 1991, the situation will worsen, with the...

Bank at Shalom Stores. (Industrial Development Bank to rent ground floor of Shalom Stores building, Tel Aviv, Israel) (Real Estate )
April 4, 1990... Bank at Shalom Stores The Industrial Development Bank is negotiating to rent the ground floor of the bankrupt Shalom Stores in Tel Aviv. The bank, owned by the government and the three major banks, plans to set up its central branch there. The...

Rental market weak. (Israeli apartments) (Real Estate)
April 4, 1990... Rental Market Weak The rental market remains weak, as a result of readily-available credit for apartment purchases. Those interested in renting out apartments are waiting for the summer, as potential customers consist of families that...

Passover credit. (Israeli supermarkets) (Retail)
April 4, 1990... Passover Credit The large hyper - and supermarkets have become inundated with Passover shoppers armed with coupons, credit cards and large shopping baskets. Store managers, who had started to worry that this might turn out to be a...

Retailers recession. (Israel) (Retail)
April 4, 1990... Retailers Recession The commercial sector's revenues continued to decline in February, according to figures released by the Federation of Israeli Chambers of Commerce. The weak level of business continued in March as well, although as yet...

Tax reform clears committee. (Israel. Knesset. Committee on Finance) (Taxes and Customs Duties)
April 4, 1990... Tax Reform Clears Committee The Knesset finance committee has authorized an amended version of the proposed income tax reform for individuals. The legislation still needs Knesset approval. If the reform goes into effect, as expected on July 1,...

Delegation to Holland. (Trade)
April 4, 1990... Delegation to Holland The Israeli Export Institute and Israel-Holland Chamber of Commerce are jointly organizing a delegation of Israeli exporters that will visit Holland from May 13-20. The group will survey the market and examine the...

Visitors from Montana. (Arthur Renander-led group of Montana businessmen to supply Israel with mobile homes in return for agricultural trade) (Trade)
April 4, 1990... Visitors From Montana A visiting delegation of businessmen from Montana, which met recently with members of the Israel-America Chamber of Commerce, has made an offer to help alleviate the immigrant housing problem by supplying Israel with...