Progress made in Bank of Israel strike talks

The Finance Ministry and the management of the Bank of Israel have made progress in their negotiations to end the bank strike, the two parties reported on Wednesday. According to Army Radio, the sides reached understandings on several issues and were continuing the talks in an effort to resolve the remaining problems. Bank of Israel Governor Stanley Fischer was expected to consult with the workers' union on Wednesday afternoon to get their approval on the agreements that were reached. If the workers do not agree to accept the terms, the report said, the bank will appeal to the National Labor Court to order an end to the strike.