Kurdish-led areas in northern Syria are continuing to issue new laws, to license businesses and to take other measures that are strengthening their drive to gain more autonomy from the rest of the country.
The United Kingdom will organize early next year a donors conference to fund Syria’s humanitarian needs.
The Syrian Government has announced a series of investments in Lattakia and Tartous amounting to billions of Syrian Pounds.
The Syria Recovery Trust Fund is receiving another USD 15 million to fund development projects within opposition-held territories in Syria.
Airstrikes, allegedly from Russian Planes, Destroy Two of Syria’s Most Prominent Industrial Concerns
Airstrikes in northern Syria, allegedly from Russian airplanes, have destroyed the factories of two of Syria’s most prominent industrial concerns.
Based on the numbers prepared by the Government, Syria’s deficit should represent around a third of the total budget next year.
Statements by the Syrian Minister of Labour indicate that today up to half of all working age Syrians are employed by the Syrian Government.
Syria’s tax revenues have increased markedly in the first half of this year, according to the Ministry of Finance.
Estimates and projections on Syria’s economic performance remain as difficult as ever to make as shown in two recent global publications.
The Syrian Government has managed to raise significant foreign currency revenues from the increase in passport fees decided six months ago.
The Syrian Government has sent to Parliament the draft text of next year’s budget, which will be overwhelmingly used to cover current expenses.
The European Union has expanded the criteria for blacklisting individuals and companies in its sanctions regime against the Syrian authorities in a bid to include more businesspersons and prevent sanctions circumvention.
Only weeks after it increased the salaries of civil servants, the Government is raising the price of various products and doubling income tax rates on salaries.
The Syrian government has increased the cost of tap water and is reportedly planning to reduce subsidies on bread.
Syria’s draft budget for 2016 plans a 27.4 percent increase in Syrian Pound terms.
Damascus International Fairground
Tenders and Contracts
Damascus Chamber of Commerce