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Trade in 2010 between Israel and the other countries that comprise Mercosur, Brazil, Uruguay and Paraguay, reached $1.8 As part of a plan launched by the Israeli government in 2010 to attract financial services sector firms to Israel, the government has granted Citi 93 million shekels ($25 million) over five years to help finance the center.
The 2-year model, which was also backed by the Bank of Israel, will allow the government to present a long term plan and maintain market stability. The ministers also unanimously approved Steinitz’s proposal to implement a calculation system that would increase the government’s annual expense rate from 1.7%
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