News Briefs

  9/4/2013, Elul 29, 5773

Knesset Works to Save Negev Textiles Industry

Minister of Economics Naftali Bennett and the head of the Manufacturers Association Zvi Oren discussed saving the Negev textile industry with Minister of Finance Yair Lapid. According to an initial outline, the state will issue loan guarantees of 1.6 million shekels, and the Manufacturers Association will match it with a 1.4 million shekel loan as well. They said they hoped factory owners will advance proposed solutions thus enabling continued operation.