The Ministry of Economy has asked for an increase in the import of raw materials and other inputs needed for the production of essential products at the expense of the import of finished products as part of the efforts of the Government to reduce demand for foreign currencies.
Every week, decisions issued by the Government are confirming the financial strains the Syrian authorities are facing.
Syria’s 2016 budget was formally approved last week with total expenses of almost 2 trillion Syrian pounds.
Syrian industrialists are renewing calls for the establishment of a Turkey boycott office akin to the Israeli Boycott Bureau, a move that has economic as much as political motives.
A Syrian oil industry investor and his company have been blacklisted by the U.S. Administration in a recent update to its sanctions list.
The Syrian opposition’s development fund has received a new commitment from a donor country.
The number of registered births in Syria has fallen dramatically in past years, a change that will have a number of consequences.
Recent weeks have seen increased efforts by the Syrian regime to enrol more men into the army, leading in the past few days to a temporary absence of many young males from the streets of Damascus.
Kurdish-led areas in northern Syria are continuing to issue new laws, to license businesses and to take other measures that are strengthening their drive to gain more autonomy from the rest of the country.
The United Kingdom will organize early next year a donors conference to fund Syria’s humanitarian needs.
The Syrian Government has announced a series of investments in Lattakia and Tartous amounting to billions of Syrian Pounds.
The Syria Recovery Trust Fund is receiving another USD 15 million to fund development projects within opposition-held territories in Syria.
Airstrikes, allegedly from Russian Planes, Destroy Two of Syria’s Most Prominent Industrial Concerns
Airstrikes in northern Syria, allegedly from Russian airplanes, have destroyed the factories of two of Syria’s most prominent industrial concerns.
Based on the numbers prepared by the Government, Syria’s deficit should represent around a third of the total budget next year.
Statements by the Syrian Minister of Labour indicate that today up to half of all working age Syrians are employed by the Syrian Government.
SME Support Fund
Damascus Chamber of Commerce
Damascus International Fairground