Syria’s inflation rate stood at 38.8 percent in July on an annual basis.

Years after most of its counterparts, one of Europe’s largest commercial banks has just decided to stop all relations with Syria’s banking sector.

Syria’s Large Taxpayers Unit, which groups the country’s largest corporations and wealthiest individuals, posted in 2015 a 30 percent increase in its revenues.

The value of the shares traded during the first month of the year in the Damascus Securities Exchange almost doubled from December.

Revenues generated by the customs department increased last year in Syrian Pound terms, although this was only the consequence of the decline in the value of the currency.

The Syrian Government is continuing its policy of granting targeted tax exemptions to businesses in a bid to generate more resources.

The full text in Arabic of Law 4/2016 exempting companies from fines for their overdue payments to the Social Security Organization issued on January 06, 2016.

Syria’s main stock market index gained 1.53 percent in December to close at 1,227.86 on December 30.

A new law regulating the repayment of debts owed to Syria’s public sector banks was passed last week as the Government seeks to recover as much funds as possible.

The full text in Arabic of Law 26/2015 on the Settlment of Debts owed to the state-owned commercial banks issued on December 29, 2015.