Cabinet approves war compensation package for affected businesses

By Sharon Wrobel

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2 November 2023, 10:05 am

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Sharon Wrobel is a tech reporter for The Times of Israel

The cabinet approves the outline of a war compensation package to help businesses continue operating as Israel continues its war with the Hamas terror group.

The compensation aid package presented by the Finance Ministry for approval overnight includes grants to businesses that have suffered indirect damages due to the ongoing war.

Businesses across the country with a turnover of NIS 18,000 to NIS 400 million that have seen a decline in income of over 25% in October or 12.5% over a two-month period will be eligible for the fixed grant.

The compensation package awaits passage in the Knesset, where it is expected to be submitted for approval in the coming days.