Israel Announces 1.6 Billion Shekel Support Package for High-Tech Sector and Exporters

Israel announced a 1.6 billion shekel economic support package aimed at high-tech companies and exporters. The measures include direct grants, subsidized loans, and tax relief intended to cover increased expenses from security requirements and supply-chain disruptions.

Officials stated the funds will be distributed through existing government programs without creating new administrative bodies. The package does not name specific recipients or set disbursement timelines beyond standard quarterly reporting.

exports accounted for roughly half of Israel's total goods and services exports in the most recent annual data cited by the announcement. The support follows earlier rounds of assistance provided to the same sectors in prior years.