Incoming Minister of Industry and Economy Eli Cohen: “The State of Israel needs a full time Minister of Economy and Industry. The Ministry of Economy is a jewel in the crown with tremendous responsibilities and a formidable mission.”
Finance Minister Moshe Kahlon: “After a lengthy period, the Ministry of Economy and Industry is getting a full-time minister- not just any minister, but one of the best and most talented people in the Knesset.”
A ceremony welcoming incoming Minister of Economy and Industry MK Eli Cohen took place at the Israeli Ministry of Economy and Industry in Jerusalem, at the attendance of outgoing minister, Finance Minister Moshe Kahlon, the ministry’s director and other senior officials from the ministry and the Israeli economy.
Incoming Minister Eli Cohen said: “The State of Israel’s revenues comes from the business sector and it is in the country’s interest to see as many new ventures as possible open. Education, welfare, security and culture all depend on the growth of the Israeli economy. A strong and stable economy brings a strong, equal society.”
Cohen then turned to Shraga Brosh, President of the Industrialists’ Association and told him that “we are not one against the other, we are together. This is our common interest. Anyone who wants to open a venture in Israel – both international and local companies – will have a sympathetic ear here.”
In this context, the incoming minister added: “[US President Donald] Trump said in his speech that he wanted to act to keep industries in the US and return industries to the US. If the strongest economy in the world says it wants to keep industry and jobs at home, we need to safeguard our industry and attract investors from abroad.”
The incoming minister commented on his plans for the Ministry of Economy, saying that during the coming month he intends to study the ministry and formulate his strategy. He added that “as part of my job, I will act to bolster productivity, keep unemployment low, and invest in promoting technological education and maintaining employee rights – the source of human capital so important to develop. A strong, competitive and efficient industry will enable fair employment for the benefit of employees and for economic growth.”
Israeli Finance Minister Moshe Kahlon said: “The Ministry of Economy together with the Ministry of Finance and the Ministry of Housing and Construction will act to grow the economy, reduce concentration, close economic gaps and reduce the cost of living in Israel.”