Updated on July 05: A new Government was formed in Syria on Sunday, the first in two years.
The Ministry of Economy has drawn a list of goods that will be prioritized for imports.
Syria’s official annual inflation rate reached 48.1 percent, according to the Central Bureau of Statistics.
The Syrian Government’s decision to impose a sharp rise in the price of oil products has been met by wide complaints in regime-held areas, which seem to reflect the exhaustion of the population.
ISIS revenues declined 16 percent last year as oil and cement production were affected by loss of territory and air strikes, according to a recent report.
The EU has lifted the sanctions it imposed in 2014 on Hashem Akkad, a Syrian businessman active in multiple sectors, a decision that could have a broader impact on the sanctions regime imposed on Syrian individuals and entities.
After much delays and official announcements by the Governments of Syria and Iran, the preferential trade agreement between the two countries finally entered into force a few weeks ago.
While many investors expect to benefit from significant business opportunities as soon as the Syrian war ends, in practice many obstacles stand before any meaningful and large scale reconstruction effort.
A draft new constitution for Syria has reportedly been written by Russia, although it has already been swiftly rejected by the regime.
The Syrian opposition has strongly criticized a recent ESCWA report on the state of the Syrian economy.
The European Union has extended it set of sanctions against Syria for an additional year.
Brazil is willing to receive up to 100 thousand Syrian refugees in the next few years, a Government official said earlier this month.
In spite of sanctions, Syria continues to trade every year goods worth hundreds of millions of euros with the European Union, data show.
A Syrian legal committee is seeking reparations of more than USD 5 billion from Turkish President Recep Tayyip Erdogan for his alleged responsibility in the looting of hundreds of Syrian factories.
Border controls and the recent EU-Turkey deal are having a significant impact on the number of Syrian refugees seeking to reach Europe.


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