Turkey (893)


The Syrian Government has sharply raised the prices of cement and petrol to bring them more in line with world market prices, reduce the cost of subsidies and limit the size of the black market.

Insisting that the country remains free of bird flu despite the recent deadly outbreak of the H5N1 virus in Turkey, that has killed four children, Syrian health officials destroyed birds at a market in Qamishli, on its north-eastern border, on January 15.

The English transcript of the interview of Syrian President Bashar Al-Assad with Turkish TV on December 28, 2005.

Syria awarded Russia's Stroytransgaz company two natural gas contracts worth a combined USD 370 million that are expected to be implemented in about two years.
Turkey will assist Syria in combating avian influenza, a viral infection which is lethal to poultry and has been documented as infecting and killing other animals, including humans.

In an unprecedented and unexpected move, the Syrian government surprised the industrial and the commercial local community by allowing the import of garments from all over the world with a tariff barrier of 47.5 percent.

A subsidiary of giant Russian company Gazprom won a tender to build the third part of the Arab Gas Pipeline that will ship gas from Egypt across Jordan to Syria and Turkey.
The International Monetary Fund (IMF) warned Syria that the country’s oil reserves will be exhausted in the next two decades and urged the country to initiate the appropriate reforms so as to generate other sources of revenue.
The overall rationale for subsidizing specific products was put to severe strains as Syria underwent one of its most dangerous diesel crises in the last two weeks of September.
The Syrian government will earmark USD 523 million for the development of the two governorates of Raqqa and Hassake in its upcoming five-year plan for 2006 to 2010.
Syria received USD 1.2 billion in Foreign Direct Investment (FDI) in 2004, an increase of 11.3 percent from the previous year, according to the 2005 UNCTAD World Investment Report.
The Syria Report talks to Karim Saidah, General Manager of Bel Company in Syria on the latest investment of the manufacturer of the famous "Laughing cow" cheese in Syria.
The tensed political situation in Syria has pulled down the value of the Syrian pound before a series of measures from the Central Bank helped it recover its value.
White Young Green (WYG), a British engineering consultancy has won a USD 10m EU-funded contract to modernise Syria's local administration, including an integrated development plan for the old city of Damascus, as well as five other cities over an initi...
Syria took a first legislative step towards establishing its own stock exchange on June 19 when Syria’s President Bashar al-Assad issued Law No. 22 for 2005 demanding the creation of a regulatory body known as ‘The Syrian Securities and Exc...
The garment industry is dominated by the private sector and has dramatically improved in the last fifteen years. Production is on the rise and so is quality.
The Air Taxi project has been finally licensed by the Investment Higher Council (IHC). The Air Taxi will operate as a shuttle airliner between Damascus, Lebanon and several regional cities.
Six contracts were signed between Syrian and Turkish businessmen following a series of contact days through April in Damascus and the southern Turkish city of Ghaziantep for businesses in the food and textile sectors.
Exports have stagnated in the last few years, although, according to most analysts the Syrian production is competitive both in terms of quality and price. Marketing remains weak and product diversification limited.
A few weeks before the Tourism Investment Market, The Syria Report has met with Hazem Sebai, Director of Business Development of Le Meridien Damascus to talk on the performance and projects of one of the leading five-star hotels of the Syrian capital.
Syria’s production of wheat stood at 4.3 million tonnes in 2004 from 4.7m T the year before, according to the annual Grain and feed report of the Foreign Service of the US Department of Agriculture (FAS-USDA).

The Japanese government, through the Japanese International Cooperation Agency (JICA), has granted USD 5.8m to finance the development of a hydrological and meteorological observation network in Syria known as the Water Resources Information Centre (WR...

The Ministry of Tourism has announced that total tourism expenditure in Syria in 2004 totalled USD 2.2 billion, an upward figure from the earlier estimate of USD 1.8 billion.

Following the signing of a free trade agreement with Turkey, an interview with Ghassan Habash, Deputy Minister of Economy and Trade.


Syria’s income from tourism is estimated to have reached USD 1.85 billion in 2004, an annual 31% rise from 2003 (USD 1.414 billion), according to the Ministry of Tourism.

Syria and Turkey signed a historic free trade agreement between them on December 22 during the visit to Damascus of Turkish Prime Minister, Recep Tayyip Erdogan.
According to Mohammad al-Hussein, Minister of Finance, there is only little chance that a Damascus Stock Exchange (DSE) would be set-up before the end of the year.
The Syrian General Customs Directorate is going to computerize all its operations under a USD 50 million project supported by the European Union and UNCTAD.
The Syrian Ministry of Transport (MOT) has asked developers to submit offers to build road projects on a BOT (Build Operate Transfer) basis for the first time in Syria.
The authorities are trying to slowly reduce state subsidies on both consumer and industrial commodities. Fuel oil and electricity are expected to be next on the list but potentially huge social costs are delaying any decision.

Syria has decided to enter into talks with the European Free Trade Association (EFTA), the largest grouping of European countries outside the European Union. EFTA groups the countries of Iceland, Liechtenstein, Norway and Switzerland in a free trade ag...

Syria has decided to enter into talks with the European Free Trade Association (EFTA), the largest grouping of European countries outside the European Union. EFTA groups the countries of Iceland, Liechtenstein, Norway and Switzerland in a free trade agreement pact.

The new airliner is expected to carry 500,000 passengers by the end of its fifth year of operations. It will use Mazzeh airport as its main hub and headquarters.
Demand for cement is on the rise. With production stagnating, imports are rising.
Aleppo's airport is expected to increase significantly its traffic after a number of new airliners, particularly from the Gulf countries, have announced the opening of new routes towards that city.

An important project to divert water from the Euphrates River and to supply water to rural areas was inaugurated this month.

Egypt and Jordan have inaugurated the completion of the gas pipeline linking their two countries and that will eventually supply Jordan, Syria, Lebanon and Turkey with Egyptian gas.
Arrivals of tourists and visitors to Syria have continued to rise in the first quarter of this year according to the Syrian ministry of tourism.

The English transcript of the interview of Syrian President Bashar Al-Assad with Al Jazeera TV on May 03, 2004.

Syria and Turkey are moving ever closer towards the setting up of a Free Trade Area between them.

On 9 February, King Abdullah II of Jordan and Syrian President al-Assad laid the foundation stone for the long-delayed Al-Wahda (or Unity) Dam project on the Yarmouk River.

The Heads of Government of Syria, Lebanon, Jordan and Egypt signed in Amman on 25 January an agreement to build the second phase of the Arab Gas pipeline that will ultimately link their four countries.
According to Zone News, an Arabic language portal, 50 foreign banks have forwarded applications to open a branch in Syria.
Syria's foreign trade recorded a positive balance of SYP 28.82 billion (USD 554 million) in the first nine months of 2003.
For the second year in a row, Syria's tourist arrivals figure has crossed the 2-million mark.

The English transcript of the interview of Syrian President Bashar Al-Assad with Al-Sharq Al-Awsat on January 29, 2004.


Dureid Dergham has replaced Tarek Sarraj as the new Director-General of the Commercial Bank of Syria.

Lufthansa, the German air carrier, has signed a memorandum of understanding (MoU) with Syrian Arab Airlines (Syrianair) to conduct an assessment of the current state of the national air carrier and of the Syrian civil aviation sector in general.
For the first time since the US-led invasion of Iraq in March 2003, the passenger train service between Aleppo and Mossul (northern Iraq) resumed its services on 21 November.

The English transcript of the interview of Syrian President Bashar Al-Assad with Al Hayat on November 07, 2003.


The importance for Syria to develop its economic and business ties with Turkey has grown following the temporary closure of the Iraqi market for Syrian businessmen.