Affording the best is not the
questionwfinding the best is.
country's minister of in-
dustry and trade. That un-
precedented package pro-
vides grants of up to 38 per-
cent of the capital invested
in fixed assets, tax advan-
tages and guarantees to the
investors of two-thirds of
the total investment.
The plan also revamped
the Israel Investment Cen-
ter, the agency that decides
if an overseas company can
set up shop in Israel. In ad-
dition, it makes mandatory
a 12-day response on a re-
quest to do business in Isra-
el, eliminating the some-
times endless wait that
previously faced investors.
"What Israel is offering to
the foreign investors is not
being offered by any country
in the world," said Mr. Liel,
a former researcher with the
Foreign Ministry Depart-
ment of Economics and
Energy.
Only last month, the Is-
raeli government announced
a program that funds up to
"What Israel is
offering to the
foreign investors is
not being offered
by any country."
George Ohrenstein
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Certified Master Watchmaker
will now be associated with
Diamond Setters
as of January 15, 1992
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80 percent of new small
businesses. Knowing that
foreign investors are wary of
strings, the government will
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Still, Israel must persuade
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To do that, the country
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goods can be invented and
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That necessitates a well-
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The country has not seen
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"It is not a question of will
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