Investments law extended

The Law for Encouragement of Capital Investments will be extended until December 31, 2008, a full year past its original deadline.

The Law for Encouragement of Capital Investments will be extended until December 31, 2008, a full year past its original deadline, the Industry, Trade and Labor Ministry said on Sunday. The law provides tax breaks as well as grants to factories and businesses in order to attract capital investment to Israel. The government is expected to invest some NIS 300 million in the program in 2008.