Food aid distributed to millions of Syrians in need of help will be slashed by 40 percent starting October because of a lack funds from donor countries, according to a UN official.
A report by a UN-affiliated body has provided a dramatic picture of Syria’s main economic and social indicators, three and a half years after the beginning of the popular uprising.
The Syrian Investment Agency licensed 40 projects in the first eight months of the year, most of them located around Damascus and in the coastal area.
Reports that salaries of civil servants in various parts of Syria are not being paid on time, or not at all, are increasing.
The number of Syrian refugees has crossed the six million mark as almost half of the Syrian population has been displaced, the UN aid agency said.
A new Government tasked with fighting “terrorism” and ensuring the supply of goods and services to the population was formed last week in Damascus.
Some 80 percent of Syrian refugees in Lebanon receive credit or borrow money to complement their income, as three quarters of that population is food insecure, according to a recent survey from UNHCR.
The shares owned by Firas Tlas in the Syrian subsidiary of Lafarge Cement, the global cement manufacturer, have been seized by the Syrian Government.
According to the Syrian Government, inflation in January of this year declined on a monthly basis.
Syria’s trade with Lebanon decreased markedly in the first half of this year compared to the same period of 2013.
The number of Syrian registered refugees is close to reaching 3 million, according to data from the UN aid agency.
Almost all the lending of the Commercial Bank of Syria, Syria’s largest lender, is funding Government food purchases, according to a statement from officials from the bank.
Syrian investors in Jordan led the rankings of foreign investors in the first seven months of this year, according to official statistics.
The Syrian Government will seek new funds from Iran to help it finance its food imports.
The European Union has added new companies and individuals to its sanctions list, including two Lebanese companies and a prominent Syrian businessman.
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