Finance Minister Yuval Steinitz
Photo: Ohad Zwigenberg
Israeli business delegation heads to NY
Mission led by Finance Minister Steinitz to participate in conference aimed at encouraging investment in Israel
A large delegation of Israeli businesspeople, led by Finance Minister Yuval Steinitz, will leave for New York on Saturday evening to participate in an economic conference aimed at encouraging investment in Israel.
Finance Ministry officials rejected criticism over the cost of the delegation – about NIS 4 million (some $1 million), which will be funded by the Finance and Information ministries.
The conference, which begins Monday, is being organized by the Finance Ministry and the Information and Diaspora Ministry in cooperation with the Wall Street Journal.
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"A single potential investment in Israel in these difficult times will cover all costs," one of the officials said.
The conference is aimed at encouraging foreign investment in Israel and promoting the country's branding as a land of stability, innovation and entrepreneurship, as determined earlier this week by the Moody's rating agency.
The Finance Ministry delegation will also include the chairman of the Israel Securities Authority and head of the Capital Markets Division, as well as Bank Hapoalim Chairman Yair Seroussi, Bank Discount Chairman Yossi Bachar, Better Place founder Shai Agassi, Israel Aerospace Industries Chairman Dov Baharav, and Gazit-Globe Chairman Chaim Katzman.
