From the Liveblog of
Wednesday, August 7, 2024
Knesset extends compensation for northern businesses hit by war
Cnaan Lidor is The Times of Israel's Jewish World reporter
The Knesset Finance Committee extends regulations that aim to ensure that businesses in Israel’s north receive comprehensive compensation for damages connected to the fighting with Hezbollah and Hamas.
Businesses in both evacuated and non-evacuated locales in the north, including the Golan Heights, the Upper Galilee, and all businesses in the tourism sector are eligible for compensation for damages sustained between May and August.
The regulations are an extension of compensation that has been offered to affected businesses since the outbreak of hostilities with Hezbollah on October 8.
“We stand by the residents of the north and the determined and courageous business owners,” Finance Minister Bezalel Smotrich writes in a statement.
