Abdallah Dardari, Syria’s former Deputy Prime Minister, provided an estimate for the economic cost of Syria’s reconstruction during a business forum in which many of Syria’s old business faces reappeared.
The World Bank is forecasting a further fall in Syria’s gross domestic product this year and next although at a rate that is lower than in previous years.
Jordan has set several restrictions to limit the entry of Syrian nationals into its territory.
Since the beginning of the year, the Syrian Investment Agency has licensed an average of five new projects every months, almost exclusively in the so-called “safe areas” of the country.
Bashar Al-Assad was declared the winner of the Presidential “elections” held on June 2 in Syria with his two opponents gaining together less than 7.5 percent of the votes.
A recent report by a Syrian research house has confirmed the dramatic decline in Syria’s economic output and the no less tragic rise in poverty and unemployment.
The European Union has renewed for another year its sanctions on a vast number of Syrian individuals and companies but lifted them on a prominent businessman and one of the country’s leading private sector banks.
Syria and North Korea signed several agreements at the end of a bilateral meeting in Damascus.
Around half of the Iranian credit line granted to the Syrian Government last year has been spent, according to a Syrian banker.
Syria’s monthly inflation rate continued to stabilise at the end of last year, although annual price increases remained significant.
The Syrian Government has signed a contract for a barter deal, the first since the beginning of the uprising.
Updated May 20, 2014: In spite of limited financial means, the Interim Government of the Syrian opposition has announced plans to restore production at a power plant as well as to relocate within Syrian territory.
The number of newly registered companies in the first four months of this year surged in the Province of Tartous.
Syrian investors were the largest foreign investors in newly-registered companies in Jordan in the first quarter of this year, according to a Jordanian official.
The US Treasury has blacklisted a number of new individuals and entities for their support of the Syrian regime, including a Russian bank.
Damascus International Fairground
Bank Credit Guarantees
Damascus Chamber of Commerce