BREAKING NEWS

Kulanu MK Cohen to head new Knesset committee on economic reform

MAY 21, 2015 18:42

A new Knesset committee meant to streamline the legislation of Finance Minister Moshe Kahlon's planned reforms will be headed by an MK from his Kulanu party, Eli Cohen.

Kahlon decided to appoint Cohen Thursday, based on the MK's experience in the business and financial realms. Cohen was a lecturer on finance and accounting in Tel Aviv University, was on the board of directors of several corporations and was the head of the corporate department of the financial rating company Standard and Poor's Maalot.

Cohen will also be a member of the Knesset Finance Committee.

"The Committee for Economic Reforms is a central and important panel in light of the complex challenges in housing and the financial sector," Cohen said. "I'm happy with the appointment and will act to promote these issues and help Finance Minister Kahlon with the reforms he plans to put forward."

Earlier this week, Kahlon said that he spent his first days as Finance Minister preparing a list of reforms to help the individual Israeli by increasing competition.

“If we manage to advance 15 percent of [my plans], the economic situation in the country will improve,” he said. “Needless to say, but we are committed to growth, we are committed to increasing the size of the pie, to helping business and benefiting the citizens of Israel.”

Kulanu's campaign also promised to reform the housing and banking sectors.

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