Global Trade Alert
Global Trade Alert

Israel: Ministry of Finance allocates approx. USD 88.2 million to support the hotels sector

Announcement

16 Aug 2020

In August 2020, the Ministry of Finance allocates ILS 300 million aid package for hotels to support the tourism sector amid the outbreak of covid-19. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Aug 2020

Revocation date:

31 May 2021

Updated: 16 Aug 2020
Financial grant
On 16 August 2020, the Israeli Cabinet approved an aid package worth ILS 300 million (approx. USD 88.2 million) allocated by the Ministry of Finance along with the Ministry of Tourism to support hotel...
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