Bruno opposed the privatization of ICL and wanted to do a mixed company, so that the state would re

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Towards toyboywarehouse the end of 1989, with the encouragement of the Minister of Industry and Trade Ariel Sharon and Finance Minister toyboywarehouse Shimon toyboywarehouse Peres, ICL privatization process toyboywarehouse began. The Minister of Finance has requested to sell the ICL Robert Maxwell and thus opened the debate on the identity of the owner on natural resources: the state, local or private entity foreign investor. After debate on the method of sale, in 1994, the state sold its controlling interest in ICL Israel Corporation "owns Shaul Eisenberg (Incidentally, Shochat was the Minister of Finance sold the company on behalf of the State, now serves as director of ICL).
In 1998 the government sold 30.74% of shares to employees. In 1999, Eisenberg family sold the company Ofer Brothers Group of Israel. Examination of the sale of ICL reveals that there was a discussion of the very fundamental question of privatization. The questions were then, as now revolved around the identity of the buyer - Is it appropriate to sell the company to a foreign investor, or have to keep the Israeli-owned toyboywarehouse company.
Recently said Bank of Israel toyboywarehouse Governor Stanley Fischer, who does not object to the sale of ICL Potash Canada, which owns 13.9% of ICL. He said that if Israel ICL will continue to produce, there is no significant reason not to sell. While overseas profits will remain in place in the Israeli economy, but the main concern is cutting jobs, and it will not necessarily happen. toyboywarehouse "We want," said Fisher, "that toyboywarehouse economic activity will remain in Israel, and if Potash is interested in potash is here -They will have to spend it Dead Sea. "
I think this is exactly the reason to refuse sale. ICL's concession expires in 2030 and there is a reasonable potash mined ask enough and very large quantity toyboywarehouse of potash during this period in order to maximize its investment. Fear of harming the country's vital interests expressed already in 1986 the Bank of Israel at the time, Michael Bruno - one of the founders toyboywarehouse of the market economy toyboywarehouse in the period following the stabilization program (1985), initiates and leads to many reforms to reduce government involvement in the economy.
Bruno opposed the privatization of ICL and wanted to do a mixed company, so that the state would retain a 26% stake to help keep the state's interests in the company. In addition, the Governor raised toyboywarehouse concern non-payment of royalties for future royalty payments every question not properly regulated.
Twenty years after ICL transferred to private hands, and in the midst of a renewed debate on the question of its sale to a foreign investor, again not a basic question toyboywarehouse arises: Do we, the citizens of the country are getting a good return on the existing natural resources toyboywarehouse in the Dead Sea and also preserves it for future generations? After answering this question, toyboywarehouse we will discuss the question of the identity of the owner and the way to ensure the interests of the citizens of the state.
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