Bank Predicts Slower Inflation

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• $500 minimum opening deposit • Interest compounded quarterly

Oakland
Commerce Bank

Member FDIC

FARMINGTON HILLS

31731 Northwestern Hwy. 810-855-0550 • 33505 West 14 Mile Road 810-661-1703

Rates subject to change without notice. Substantial penalty for early withdrawal

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ECI Telecom of Israel has been
selected by Finnish telephone op-
erating group TeleGroup Pur-
chasing Ltd. (TGP) to supply $5

million in SDH (Synchronous
Digital Hierarchy) equipment
and management systems to the
Finnish telephone network.

More Insurance For Exporters?

Israel Finance Minister Avraham
Shohat has asked the Knesset Fi-
nance Committee to enable the
Israel Foreign Trade Risk Insur-
ance Company (IFTRIC) to in-
sure $200 million in foreign
investments annually.
Investments by Israeli firms
abroad are becoming a significant
means to penetrate export mar-
kets, according to the Treasury.
As a result, Mr. Shohat is re-

Bio-Technology General of Israel
has added a third European
country to its client list with the

LEXUS CERTIFIED PRE-OWNED

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This Deal Is Finished

questing to help exporters by in-
suring their foreign investments
against political risks, as well as
their actual exports. Currently,
IFTRIC insures only exports.
Investments of Israeli firms
that would be covered include
transfers of cash, equipment and
know-how for the purchase of
shares in the foreign concerns.
IFTRIC insures $1.6 billion in
exports annually.

Firm Is Growing

INCLUDES
SUNROOF &
LEATHER
•
INTERIOR

35
AVAILABLE ,

There is a strong possibility that
Hapoalim predicted a moder-
the inflation rate in Israel will ation in mortgage banks' profits
slow down this year, according to in 1995 because of the slowdown
Bank Hapoalim's survey of the in the real estate market.
Consumer Price Index.
The economists said insurance
In Hapoalim's forecast of the companies active in the general
stock market, the economists said insurance field are likely to suf-
the current poor atmosphere will fer from the high market compe-
change in 1995, but it will not be tition.
felt soon.
The bank said most of the
In the financial sector, Hapoal- firms engaged in the trade and
im said commercial banks' activ- services sector will register prof-
ities in the capital market will its.
moderate.
Hapoalim predicted a growth
It predicted the sector's per- in the market share of companies
formance will improve in the long which are engaged in housing
run, reflecting the passage of leg- construction and own a large sup-
islation in the capital market, a ply of land in areas where de-
breakthrough in the privatiza- mand is high.
tion process and foreign investors'
increased interest.

A DIVISION OF THE NIEADE GROUPE

M-59 Wall Road) at Schoenherr
across from Lakeside Mall

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• Closcd•end lease Ice ca.ahliet et-store, fa 1995 36 Months, 40 r orth !o 1993 lie per rile for excess
rtleage o,er 12.009 riles for 1995 15 OW riles for 1993 Lessee has no °Ikon or to purd , arx vente at
lease er d Lessee has cOcn to puctase at lease ere for GS 300 • $25537 Ed. ES 300.520.641 86: SC 300 •
$22.367.41: 93 ES 572,050, 93 GS .5155E4. SC 300.525 061. 93 ES • 510.053. 93 GS • $22052. Neal
tease tree/ton 15 trst romp s ply rent 5'500 or pirt ES 300 53000 en pyrt GS 300. 53500 en
th,r1 SC 300. $3500 or p f rt 93 GS. 42500 en pyrrt 93 ES. refureable sectrity Deposit of WO.
5/50 acefasItior fee PILE tax. license and IldeS Ices

launching of its human growth
hormone product in Sweden to li-
censee Ferring.

Partners Plan Projects

Africa-Israel Investments has
signed an agreement to establish
an Israeli-Jordanian company for
the energy, aviation, tourism, real
estate and agriculture fields.
The company is a partnership
between Africa-Israel, attorney
Uri Slonim and Jordan's Dajani
family. The partners have not de-
cided how much money will be in-
vested.

Africa-Israel said the new com-
pany plans to invest in hotel and
tourism projects on land owned
by the Dajanis.
The firm also plans to set up
an entertainment park on the
Jordanian side of the Dead Sea
and is considering the establish-
ment of a high-tech industrial
park.

Israeli CD-ROM Coming To U.S.

Kivun Computers of Israel an-
nounced it has signed a distribu-
tion agreement with leading U.S.
CD-ROM producer Multimedia
Product Corporation (MPC).

MPC will produce Kivun's
multilingual Accent word-pro-
cessing package on CD-ROM for
distribution in the United States
and Europe.

