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.
An attempt by the Syrian government to limit import trade has created a black market for import licenses granted to local traders.
Syria has applied to join the Shanghai Cooperation Organisation, according to the deputy Minister of Economy.
Out of two dozen candidates to Syria’s Presidential elections, three have been shortlisted by the Constitutional Court, including, obviously, Bashar Al-Assad.
The American Administration has upgraded the representation in the US of the National Coalition, the largest grouping of Syrian opposition forces, to a “foreign mission,” giving it a small political boost.
Syria issued more than 1 million passports for its citizens last year, a Government official said.
Bilateral trade between Syria and Turkey doubled last year on an annual basis, official statistics show, although it remained well below pre-uprising levels.
City View 2011 - Damascus
Four Seasons Hotel
Bank Credit Guarantees
Damascus Chamber of Commerce