Swedish Minister of Finance visited Israel as part of a delegation of Swedish businessmen in the biotech and financial fields.

(Communicated by the Foreign Ministry Spokesman)

Anders Borg, Swedish Minister of Finance, arrived in Israel for a two day visit on Thursday 26 May 2008, as part of a delegation of Swedish businessmen in the biotech and financial fields.

During his visit, the Swedish finance minister met his Israeli counterpart, Finance Minister Ronnie Bar-On, the head of the National Economics Council Professor Manuel Trachtenberg and with the Governor of the Bank of Israel, Professor Stanley Fisher.

The delegation visited the Teva pharmaceutical company and attended the Biomed conference. They also attended a seminar on the subjects of banking, finance, and support of entrepreneurship (incubators).

The Swedish delegation met with Yarom Ariav, Director-General of the Ministry of Finance, who briefed them on the latest development in the Israeli financial market, with emphasis on recently initiated reforms and the plans for transforming Israel into a financial center and exporter of financial services.

The visit also included a meeting between the chief scientists of both countries, and it was decided to expand the existing SIBED Agreement to include biotech and cleantech technologies and applications.