The Austrian Government has offered Israel a $5,000,000 loan, it was learned here today. It is believed that the forthcoming visit of Arieh Eshel, Israeli consul here, to Tel Aviv is connected with the offer.
The loan will be granted the Jewish State by the Austrian Government from funds which it uses for the development of its export trade. Austria, which last year jumped to seventh place among the countries from which Israel imports goods, desires to consolidate its position and has offered Israel favorable terms for the loan.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
