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September 19, 1997 - Image 141

Resource type:
Text
Publication:
The Detroit Jewish News, 1997-09-19

Disclaimer: Computer generated plain text may have errors. Read more about this.

Home Furnishing:






largest electronics and engineering
company, with a system that connects
companies to public telephone net-
works via radio.
Floware, which has not recorded
any sales to date, expects that the
agreement, which includes a distribu-
tion, will help the startup to enter
markets in Europe, Asia and the
Americas.
• Siemens is expected to announce
the purchase of a 10 percent holding
in another company in the near
ture.
Siemens will use these investments
to further encourage the companies to
develop specific technologies.

Aid Cuts
Cost Local Jobs

erusalem (JPFS) — If the Treasury
cuts the research and development
budget, ECI Telecom will consider
moving 250 manufacturing jobs
abroad, CEO David Rubner said.
"If we don't have the money to
invest in development, the only way
for us to deal with the decrease in the
budget will be to decrease the cost of
production," said Rubner.
The Treasury is expected to meet to
discuss the 1998 budget. Finance
Ministry Director-General Shmuel
Slavin previously said that all min-
istries will be affected by the budget
cut slated for next year.

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Jerusalem (RFS) — A group of hraeli
businessmen have announced the
stablishment of a trilateral joint ven-
ure among the United States, Israel
and Jordan, said Zvi Shorer,
cofounder of the project, which will
be based in Beit She'an.
The participants hope to improve
'raeli and Jordanian business connec-
tions by identifying joint ventures in
the tourism, agriculture and industry
sectors that would best combine
Israel's knowledge, Jordan's resources
and America's financial backing.
Various European and American
companies will provide "tens of mil-
lions of dollars to finance the pro-
jects," Shorer said.

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1997

141

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