The American state of New York is to buy $50 million worth of Israel Bonds, one of the largest such purchases ever.
Israel Bonds are "secure and good investments that will bear fruit," New York State comptroller Alan Hevesi said, expressing confidence in the Israeli economy.
Hevesi made the announcement just over a week ago at the opening of a conference of Israeli high-tech companies and venture capitalists in Manhattan. The investment includes $200 million of the New York State workers' pension fund and the New York State Common Retirement Fund.
According to a report by Globes, Israel's financial newspaper, Hevesi said that as comptroller one of the world's largest economies, he had to demonstrate extra care. In 2003, New York State purchased $20 million worth of Israel Bonds.
In another example of foreign confidence in Israel, Finland last month signed a communications and information technology research and development agreement with the Jewish State. The two governments committed 10 million euros to the joint R&D support effort.
The agreement will be formally marked in Helsinki this month. The ceremony will also be a chance for Finnish companies, investors and distributors to meet Israeli high-tech companies and discuss possible collaboration.
Globes reported that defense and home networks were specified in the agreement as areas of potential fruitful collaborative R&D.
Tel Aviv will host the Israel Telecom 2004 exhibition starting November 8, where other Scandinavian companies will be attending.
Israel Bonds are "secure and good investments that will bear fruit," New York State comptroller Alan Hevesi said, expressing confidence in the Israeli economy.
Hevesi made the announcement just over a week ago at the opening of a conference of Israeli high-tech companies and venture capitalists in Manhattan. The investment includes $200 million of the New York State workers' pension fund and the New York State Common Retirement Fund.
According to a report by Globes, Israel's financial newspaper, Hevesi said that as comptroller one of the world's largest economies, he had to demonstrate extra care. In 2003, New York State purchased $20 million worth of Israel Bonds.
In another example of foreign confidence in Israel, Finland last month signed a communications and information technology research and development agreement with the Jewish State. The two governments committed 10 million euros to the joint R&D support effort.
The agreement will be formally marked in Helsinki this month. The ceremony will also be a chance for Finnish companies, investors and distributors to meet Israeli high-tech companies and discuss possible collaboration.
Globes reported that defense and home networks were specified in the agreement as areas of potential fruitful collaborative R&D.
Tel Aviv will host the Israel Telecom 2004 exhibition starting November 8, where other Scandinavian companies will be attending.