Syria’s stock of heating oil is sufficient to meet demand in the coming winter, the country’s deputy prime minister said.
The increase in Syria’s inflation rate accelerated in June to 36.10 percent on annual basis as the government hiked the prices of gas oil and cooking gas while food prices remained high.
This document is an English language transcript of the interview given by Syrian President Bashar Al-Assad to Ad-Dunia, a Damascus based TV station on August 29. The translation is from the Syrian News Agency.
The Syrian government has estimated the damage to public infrastructure from the violence gripping the country at SYP 155 billion, while it has officially registered more than 1 million displaced people.
The US Treasury has announced that it was removing the name of Riad Hijab, Syria’s former Prime Minister, from its list of officials facing an asset freeze and travel ban.
The Syrian President has appointed three new ministers and a new Governor in Aleppo.
International sanctions and a severe economic downturn have led to a 92 percent decline in bilateral trade between Syria and the United States.
The United Nations has said that the number of Syrian refugees registered in four neighbouring countries had reached some 146,000 including 6,000 that entered Turkey in the last week as violence surged in Aleppo.
The Syrian President on Thursday appointed Wael Halqi to the position of Prime Minister.
In a dramatic development, the Syrian Prime Minister, Riad Hijab, has fled the country, effectively defecting from the Government, along with two other ministers, exactly two months after he was appointed to his position.
Trade with Turkey, one of Syria’s largest trading partners until last year, continued to dive and fell some 67 percent on an annual basis in the first half of this year, in line with the decline witnessed in the first three months of 2012.
Russia and Iran are increasing their efforts to prop up the Syrian economy through various barter, trade and financial deals, as economic pressures continue to pile.
Document: Press Conference by Kofi Annan Announcing his resignation as Joint Special Envoy for Syria
The following document is the text of the press conference by Kofi Annan in Geneva on 2 August 2012 announcing that he was resigning as Joint Special Envoy of the United Nations and the Arab League for Syria.
Supplies of gas, gasoline and electricity in Damascus improved last week, although it is unclear how sustainable the situation is.
The European Union has published the names of Syrian entities and individuals that were included to its sanctions list last week.
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Damascus Chamber of Commerce
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