Finance Minister Yuval Steinitz flew on Wednesday to Frankfurt, Germany to participate in the Bloomberg economic conference, Israel Radio reported.
Steinitz was accompanied by other senior ministry officials as well as private businesspeople.The Finance Ministry announced that the purpose of the trip was to encourage increased foreign investment in Israel. Israel has recently experienced a decrease in foreign investment.
In recent months, the finance minister has undertaken similar trips to encourage foreign investment, traveling to India, the US and China. 
In a speech at the Israeli Institute Of Energy And Environment conference last week, Steinitz said, "I declared 2012 as a year of investment, because an immense effort is needed to maintain the level of investment, and the Ministry of Finance has been focused on this effort in the past few months."
Globes contributed to this report.