Foreign direct investment in Syria fell 42 percent last year on the back of the uprising gripping the country, according to the World Investment Report of the United Nations Conference on Trade and Investment.
Food prices in Syria have confirmed their recent downward trend with the price of several items on the government's fortnightly list declining.
Syria’s consumer price index rose 32.51 percent in May on an annual basis, although on a monthly basis prices actually declined, the Central Bureau of Statistics said.
The following text is the final communiqué issued by the “Action Group for Syria,” following its meeting in Geneva on June 30.
The Syrian President has issued three new decrees to enable his government fight “terrorism,” including a law that will enable the dismissal of civil servants.
Unemployment in the governorate of Hassakeh, in the northeast of the country, is at 40 percent of the labour force, while more than 42 percent of households have a member of the family outside the country, according to a recent government survey.
The World Bank forecasts Syria’s Gross Domestic Product to fall by 6.4 percent this year after having declined by 3.1 percent in 2011.
A new government was formed in Syria on June 23 with the appointment of twenty new ministers and the establishment of five new ministries, including one for national reconciliation.
Companies affiliated with the Ministry of Economy have spent only 1 percent of their allocated investment budget in the first five months of this year as a result of the government’s decision to reduce its expenses.
The Syrian government issued last week its latest fortnightly price list of key food items sold in the local market. The list shows little changes. The price of chicken, vegetable ghee and powder milk fell, while all other items remained unchanged. Groceries are theoretically supposed to abide by the list, the prices shown on it serving as a ceiling.
The Syrian economy will not collapse and GDP growth will be positive this year, Mohammad Jleilati, the Minister of Finance, was quoted as saying in a press interview.
The Syrian President named on Wednesday June 06 a new prime minister, Riyad Hijab, in replacement of Adel Safar, whose government will have lasted little more than a year.
Syria’s annual inflation rate reached 31.45 percent in April, according to the Central Bureau of Statistics.
Updated January 05, 2012: The following document is the english version of the speech by Syrian President Bashar Al-Assad on June 3, on the occasion of the start of the first session of the newly elected Parliament.
EDU 2011 Aleppo
Sheraton Hotel Aleppo
Damascus International Fairground