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April 23, 2014 / 23 Nisan, 5774
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Posts Tagged ‘Finance Yuval Steinitz’

Sequestration Worries Israel

Sunday, March 3rd, 2013

Finance Minister Yuval Steinitz expressed concern Sunday that U.S. financial difficulties would affect Israel’s economy.

“We are very worried about the financial difficulties in the U.S., and I hope they won’t hurt us,” he said at the weekly Cabinet meeting.

Steinitz’s comments came after Obama on Friday night ordered $85 billion in automatic, across-the-board cuts, called sequestration, after Congress failed to reach a compromise on deficit reduction.

U.S. government agencies must cut $85 billion from their budgets through Oct. 1, much of it coming from the Defense Department.

The cuts are sure to affect military aid from the United States to Israel, with estimates of cuts as high as $300 million, including affecting funding for the Iron Dome missile defense system.

Participants in the American Israel Public Affairs Committee’s annual policy conference, which opened Sunday, are expected to lobby members of Congress during a visit to Capitol Hill on Tuesday to retain Israel’s $3.1 billion in military aid for 2013 and 2014, as well as some $211 million in additional funding for Iron Dome.

Foreign Lawyers Permitted to Work in Israel

Thursday, May 17th, 2012

Minister of Finance Yuval Steinitz signed a directive on Wednesday enabling foreign lawyers to work in Israel, and enabling collaboration between Israeli and foreign law firms.

The Ministry of Finance says the measure will enable international law firms to do more business with Israelis and Israeli businesses.  Attorneys will be subject to a set of ethicaland entry regulations, and will be required to be insured by a deposit or insurance policy.

The new mandate was issued as a result of an Israel Bar Association Law Amendment, which states that the Bar Association my register foreign attorneys and firms operating in Israel if they are licensed by foreign bar associations.

$225 Million Raised By Israel Bonds in One Night

Monday, January 23rd, 2012

A record $225 million was raised for the State of Israel on Sunday night at the annual Israel Bonds conference in Miami.

Minister of Finance Yuval Steinitz, the guest of honor, gave a speech in which he encouraged American Jews to invest in Israel and declared that 2012 would be a year of great investment and economic growth in Israel.

According to the Israeli Ministry of Finance, Israel Bonds raised $1.1 billion in all of 2011.

Printed from: http://www.jewishpress.com/news/breaking-news/225-million-raised-by-israel-bonds-in-one-night/2012/01/23/

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