The Syrian President has issued a law aiming at clamping down more severely on illegal quarries and raising government revenues from them.
The annual percentage change in the consumer price index in Syria since 2010.
Oil supplies are resuming across Syria after weeks of severe shortages, although the economic and political consequences will likely be felt for a long time.
Consumer prices continued to rise steeply in the middle of last year, new data indicate.
The release of the preliminary financial statements of Syria’s listed companies provides an initial picture on the performance of Syrian businesses last year.
Syria’s inflation rate in June 2016, the last month for which data is available, rose to its highest rate in some three years.
The Ministry of Finance’s Large Taxpayers Unit again posted an increase in its revenues measured in Syrian pounds, according to a government official.
The main indicators of the Damascus Securities Exchange witnessed an overall positive performance last year when measured on a nominal basis, although the Syrian bourse remains largely disconnected from the economy at large.
The text of the interview of Bashar Al-Assad by Syrian daily newspaper Al-Watan on December 08, 2016.
Syria’s annual inflation rate remained very high, although stable, in May.
Syria’s annual inflation rate stood at 44.1 percent in February, according to official data.
Syria’s GDP will continue to decline next year, albeit at a slower rate, according to ESCWA, a UN body.
The Syrian pound is continuing its downward spiral and lost in the last week some five percent of its value relative to the dollar as the Government admits that its foreign currency reserves are now very low.
Key Syrian economic indicators between 2010 and 2015 based on data from the International Monetary Fund.
Syria's annual inflation rate per consumption category.
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.
The decision by the Central Bank of Syria 10 days ago to reduce the supply of Syrian pound liquidities has helped strengthen the value of the national currency but appears unsustainable in the medium and long-term.
The US dollar crossed this week the 600-pound level in the Syrian currency market, which is increasingly slipping out of the control of the Central Bank.
The role of the World Bank will be crucial in the estimated USD 180 billion reconstruction cost of Syria, Jim Yong Kim, the President of the Washington institution said.
Updated on August 15, 2016: The first quarter of 2016 has seen a return of investors to the Damascus Securities Exchange, although in real terms the price of stocks and the trading value remain well below their pre-uprising levels.
Syria’s average household budget has continued to increase exponentially last year, a recent study has found.
Syria’s inflation rate stood at 38.8 percent in July on an annual basis.
On Saturday, Syria more than doubled the price of electricity sold to households and businesses as the Government continues its drive to generate new resources.
The dollar continued to climb and reach record levels in the Syrian foreign exchange market this week.
The Syrian pound has continued its relentless decline as the dollar crossed the 360-pound level and the Euro climbed above 400 pounds this week.
The U.S. dollar reached a new high today in the Syrian black market, closing at 346 pounds.
The assets of Syria’s private commercial banks increased 17 percent in the first half of this year in Syrian Pound terms.
Only weeks after it increased the salaries of civil servants, the Government is raising the price of various products and doubling income tax rates on salaries.
Syria’s draft budget for 2016 plans a 27.4 percent increase in Syrian Pound terms.
The value of the U.S. dollar increased again in the Syrian foreign exchange market last week.
Syria’s annual inflation rate last May reached 39.4 percent, according to official statistics.
The Ministry of Health has increased by up to 50 percent the price of medicines produced in the country.
Syria’s inflation rate continued to increase in March and April, according to official data.
Various groups affiliated to the Syrian opposition are pushing for the replacement of the Syrian Pound by the Turkish Lira in the opposition held northern areas raising a fierce debate among activists and other members of the opposition.
The dollar has edged past the 300 pound level again as the Central Bank of Syria has issued new one-thousand pound notes without the picture of Hafez Al-Assad.
Syria’s gross domestic product is forecast to continue to decline this year and next albeit at lower rates than in past years.
Syria’s insurance market grew 4.27 percent in nominal terms last year, according to official data but continued to decline in real terms.
Prices increased again in February in Syria with the annual inflation rate at 27 percent.
Syria’s inflation rate reached 17 percent in 2014 and accelerated in the first month of this year, according to official data.
The Ministry of Agriculture has increased the price of fertilisers sold to its farmers, raising production costs.
Syria’s stock index fell on Thursday to its lowest level in over a year after shedding 1.07 percent over the week.
The Damascus Governorate has increased the administratively set prices of a broad range of food products in restaurants and cafes across the city.
After several years of steep decline, United Group, Syria’s largest media group, managed to stabilize its operational performance.
The Syrian Government has increased the price of bread, heating oil, fuel oil and cooking gas to levels that effectively largely reduce its subsidies bill but also dent further the purchasing power of the population, in spite of a partial compensation for wage earners.
The Syrian Pound is declining again against the dollar after several weeks of stability.
The land area on which wheat and other cereals are grown this year in Syria is well below the target of the government, threatening a new disappointing crop.
While the results of the visit last week to Tehran of Syrian Prime Minister Wael Halqi are not yet clear, the growing dependency of Damascus on its ally is increasingly obvious.
After holding steady for several weeks the Syrian Pound lost again last week some ground relative to the U.S. dollar.