The Syrian Prime Minister has announced that his Government will be pursuing a new economic strategy, named the National Partnership, that replaces the social market economic model developed prior to the uprising.
For the second time in the space of one year, an EU court has refused to remove Mohammad Makhlouf from the European sanctions list.
Syria’s inflation rate stood at 38.8 percent in July on an annual basis.
Imports by Syria’s private sector in 2015 reached some EUR 2 billion, according to the Minister of Economy.
Growing in assertiveness, the Kurdish Self-Administration Democratic Authority in north-eastern Syria has issued in the past two years more than 40 different laws including investment regulations, the imposition of customs fees and the commemoration through a public holiday of the arrest of Abdallah Ocalan.
The Syrian Prime Minister fired last week the head of the Syrian Customs Department, Majdi Hikmieh.
Only weeks after the enactment of the 2016 budget, the Government has already ordered a sharp decline in planned expenses.
The Prime Minister has issued a decision requesting all state institutions and companies to cut further their overhead expenses.
During a visit of Syrian Foreign Minister Walid Al-Muallem to New Delhi last week, the Indian Government reportedly promised a resumption of works on two large projects in Syria.
Two-thirds of Imports by International Aid Organisations Could be Procured Locally – Ministry of Economy
The Syrian Ministry of Economy has said that more than two thirds of the food and other aid imported in Syria by international donor organisations could be produced locally.
The Syrian Government has rushed in recent weeks to approve various laws and decisions in the economic field.
The Syrian Government has passed a law regulating PPP projects in the country, in an additional sign that the regime is preparing itself for a potential reconstruction drive.
Syria established last week two new bodies aimed at promoting local production and exports and improving the competitiveness of Syrian products relative to imports.
Six municipalities in the opposition-held parts of the Daraa Governorate will see a resumption of waste management services through a new EUR 3.17 million project.
Starting January 8, all Syrians entering Turkey will need to obtain a visa from the nearest Turkish consulate, in what is one of the first consequences of the recent agreement signed between the EU and Turkey.
Computer & Technology Show
Damascus International Fairground