One year after providing its first loan, the Agency for Combating Unemployment (ACU), also referred to as the Unemployment Commission), continues to attract very strong interest from the specialists and the wider public.
Private Banking is now a reality in Syria. Whether the introduction of private investors into the financial sector will be enough to revive it remains to be seen, but an important step in the reform of the Syrian economy has now been passed.
Financing is one of the major hurdles Syrian entrepreneurs face in developing and expanding their businesses. The lack of a sound, modern and efficient banking sector is clearly to blame for that.
Many reasons, not always convincing, have been put forward to explain the difficulties Syria has in attracting foreign investments. Less attention has been given to the hurdles faced by its local industrialists in the day-to-day running of their business.
Intellectual Property (IP) does not make the headlines in Syria these days; and it never did. However, with the combined growing integration of its economy to the world economy and the increasingly important place the knowledge economy is set to take, Syria will have to face IP issues, manage the constraints they put and try to benefit from the opportunities they provide.
The last few years have witnessed a sharp fall in Syria's population growth rates after over three decades of spiralling increases that were among the highest in the world.
Although the last two years have witnessed a new spirit in the way the country is managed, the speed of the economic reforms is still desperately slow.
Syria Must Adapt to the Changes Taking Place in the World: an Exclusive Interview with Christian Laffler
The signing of bilateral free trade agreements with a host of Arab countries has been a marked feature of Syria's economic policy in the last two years.
In his speech, last December, before the newly-sworn in cabinet, Bashar al Assad felt necessary to mention, among the general policy guidelines he laid down for his government, one specific sector he thought his newly nominated team had to address urgently, the water crisis his country is facing.
In its drive to spur GDP growth, the Syrian government has been trying, for several years now, to attract foreign direct investment.
The Green Economy
Damascus Chamber of Commerce
City View 2011 - Damascus
Four Seasons Hotel