The Israel Government plans to invest at least $200,000,000 in the next five years in government-owned companies, it was indicated here today.
One-third of loans to be made here after from the Israel Development Budget to government-owned industries will be in the form of share capital and the other two-thirds will be 14-year four-percent loans, it was announced. Previously, the Government gave medium-term loans at commercial interest rates which produced heavy financial burdens for the companies.
The Government also plans to convert existing loans into share capital and long-term loans in an effort to make such companies more attractive to private investments, particularly from abroad, by improving the financial positions of such industries.
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.
