14:34
Reported

News Brief

  4/23/2014, Nissan 23, 5774

Yes to Privatization of Israel’s Military Industries


Israel’s Financial Commission approved Wednesday of the privatization of the country’s military industries. The decision came after years of negotiations and delays.

The agreement was achieved after months in which the Financial Commission refused to automatically approve loans directed towards the military industries, such as financing employees. The overall cost of privatization will be upwards of 5.7 billion shekels.