日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

Israeli hi-tech takes center stage in market rebound

By Zhang Yanyang
0 CommentsPrint E-mail xinhua, May 11, 2010
Adjust font size:

Industries recuperate on their own?

However, some analysts said the comeback of Israel's high-tech sector had little to do with government assistance.

"I would say that the government did nothing for the high-tech sector or emerging industries, which struggled to hold on during the crisis," Shlomo Maoz told Xinhua. He is the chief economist of Excellence Nessuah, an Israel-based investment house.

"Their only positive contribution is the proposed annual one percent cut in corporate taxes, which dropped to 25 percent this year and are supposed to reach 22 percent," Maoz said, "otherwise everything continues along the same lines vis-a-vis investment in R&D and incubators."

He noted that the government's involvement with the Israeli success story was something of the past. "Their initial support was of significant importance, but now the industry mostly fends for itself with some ongoing assistance from the government."

Maoz noted that the Bank of Israel's intervention in the foreign exchange market was, however, essential to the economy's turn-around. In order to curb the shekel's rapid appreciation against the U.S. dollar, Israel's central bank increased its foreign currency reserves from 28 billion U.S. dollars at the beginning of the crisis to 63 billion U.S. dollars via daily dollar purchases.

"This helped keep the market profitable as it alleviated pressure on Israeli exporters whose products would otherwise be too expensive," Maoz said.

"In order to survive, many companies tried to avoid firing employees by cutting hours instead, giving their employees part- time jobs and sending people on vacation among others. They kept employees on as long as possible for when the economy would rebound," Maoz said.

   Previous   1   2   3   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 宜都市| 永福县| 容城县| 长治县| 武平县| 饶河县| 灵丘县| 神农架林区| 同江市| 洪雅县| 特克斯县| 西青区| 台中市| 汉川市| 临高县| 新泰市| 皋兰县| 乃东县| 鸡西市| 苍梧县| 巴林右旗| 武穴市| 乐都县| 柘城县| 南木林县| 怀集县| 玛曲县| 高雄县| 凯里市| 大荔县| 兴安县| 尼木县| 西平县| 文山县| 和静县| 无棣县| 镇巴县| 崇明县| 玛纳斯县| 苍南县| 怀柔区|