Citigroup considering increasing investments in Israel
Heads of investment bank meet with Finance Minister Hirchson, say they are impressed with Israeli economy, believe in strength of economic policy: 'If budget will pass by end of 2006 it will be a good sign for responsible policies'
Heads of the Citigroup investment bank, who met Tuesday with Finance Minister Abraham Hirchson, said they were considering expanding the bank's investments in the Israeli market.
The heads of the bank expressed their support for the minister and his financial leadership and said that if the budget will pass by the end of this year it will be "a good sign for the continuation of a good and responsible policy for the Israeli economy."
The minister and the director-general of the Finance Ministry met in Tel Aviv with William J. Mills, chief executive officer, Europe, Middle East, and Africa Corporate and Investment Banking, and the manager of the Israeli office Ralph Shaaya. Hirchson surveyed the state of the Israeli economy and its good results despite the war in Lebanon.
The bank's representatives said they were impressed with the financial management during the war and generally from the macro-economic figures of the Israeli economy.
Minister Hirchson surveyed the actions that were taken during the war to stabilize the economy and said that the budget will pass the Knesset vote by the end of the year.
He called for the leaders of the bank to continue and expand their investments in Israel and said that he will do his utmost to attract more investors. Hirchson also promised that the reform policy and the structural changes he is planning will continue.
