The European Court of Justice has lifted sanctions imposed by the EU on Syria’s former Minister of Economy.
Russia will provide a grant worth several hundred million dollars to the Syrian Government under an agreement signed last May.
The executive arm of the Syrian opposition is continuing to take various steps to strengthen its credentials in opposition areas and among refugee communities.
Ninety years after it was abolished by Ataturk, an Islamic Caliphate has been formally established on some parts of Syria and Iraq by the Islamic State of Iraq and Sham, a radical Islamist group.
Iran’s Bank Saderat has already received USD 1 billion of funding request by Syrian state entities, reaching the ceiling of the credit line granted by Tehran to Damascus last year.
The exfiltration of Syrians towards the European Union is becoming a business of its own in Turkey, Egypt and other countries with large Syrian refugee communities.
The Syrian Ministry of Economy has reportedly drafted a law that will reduce and simplify the customs tariff schedule imposed on imported products.
The European Union has issued sanctions on 12 new Syrian officials because of their responsibility "for serious human rights violations."
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.
The Green Economy
Damascus Chamber of Commerce
EDU 2011 Damascus