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Posts Tagged ‘Steinitz’

Biannual Budget Cancelled

Sunday, April 7th, 2013

Finance Minister Yair Lapid announced he has canceled the controversial biannual budget concept, and the change will be implemented once this current biannual budget gets passed in the coming month.

The idea of working with a two-year budget was introduced in the previous government as a way of providing coalition stability.

In previous governments, negotiating and passing the annual budget would strain the coalition at its seams, as differing interests would often nearly rip the coalition apart. In order to avoid the risk of dissolution of the coalition, Netanyahu’s government decided to reduce the number of times the budget would need to be renegotiated.

Lapid claims that the government’s overdraft is a result of the discrepancies that resulted from the government’s expectations not meeting up to fiscal reality, and the inability to fix those errors within the fiscal year because of the 2 year plan.

The country will go back to the annual budget starting in 2015.

Microsoft, Israel To Sign Strategic Partnership

Monday, November 5th, 2012

Just ten days after the launch of Windows 8, Microsoft CEO Steve Ballmer arrived in Jerusalem to discuss a memorandum of understanding between his company and Israel’s Finance Ministry to form a strategic partnership to develop and promote technology.

Steinitz and Ballmer heaped praise on each other’s endeavors during the Monday meeting.  Ballmer was set to meet with Prime Minister Binyamin Netanyahu later in the day.

In September, Microsoft completed its Israeli innovation center in Ra’anana, one of its 31 centers worldwide.

Netanyahu Releases 250 Million Shekel Advance to PA

Wednesday, September 12th, 2012

After consulting with Finance Minister Yuval Steinitz, Prime Minister Binyamin Netanyahu released on Tuesday a 250 million shekel advance to the Palestinian Authority, due to concerns that public Arab protests against the PA may lead to anarchy in Judea and Samaria.

The money will be used to shore PA President Mahmoud Abbas’s government, and will be funneled into the various departments by PA Prime Minister Salam Fayyad.

Reports indicate that the PA is still in arrears of payment to the Israel Electric Company by 700 million shekels.

The majority of aid to the Palestinian Authority comes from the United States and European Union. Only 22 percent of the PA’s funding came from Arab donors in 2010.

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.

State Comtptroller to Come Down Heavy on Steinitz, Yishai Over Carmel Fire

Sunday, January 29th, 2012

Israeli State Comptroller Micha Lindenstrauss will recommend the dismissal or transferal of of Finance Minister Yuval Steinitz and Interior Minister Eli Yishai for their role in the Carmel fire that killed 42 people in December 2010, according to Israeli newspaper Yediot Ahronot.

His complete report will be published next week, but certain sections have been leaked.

Lindenstrauss wrote that Yishai, as minister responsible for Fire and Rescue Services, was negligent in fulfilling his duty to prepare for such a disaster. He also wrote that Steinitz is to blame for neglecting to provide the budgets required for the Fire and Rescue Services’ proper functioning.

The fire destroyed dozens of homes and over 12,000 acres of forest, in addition to the lives lost.

Printed from: http://www.jewishpress.com/news/breaking-news/state-comtptroller-to-come-down-heavy-on-steinitz-yishai-over-carmel-fire/2012/01/29/

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