According to Hamdi al Tabaa, head of the Arab Businessmen Council, current Syrian investment regulations cannot lure investors.
Syria's new minister of economy, Ghassan al Rifa'i, said that the private sector will have a leading role in the growth of the Syrian economy.
The Syrian government is planning to raise the salaries of state employees between 15 and 25 percent.
The tax exemption agreement between Syria and the United Arab Emirates takes effect from this day after the two countries exchanged the ratified documents.
The retirement age for certain categories of wage earners and employees has been lowered to 55 years for men and 50 years for women.
President Basshar al Assad issued a decree on December 31 amending several articles governing the social security system.
The Investment Higher Council (IHC) gave the go ahead to 92 new industrial and agricultural projects put forward by Syrian and Arab investors.
In a speech to members of the National Progressive Front, the Syrian Prime Minister said that one of his government's priorities will be to clear the numerous obstacles that hinder private investment.
Syrian President Bashar Assad granted on Tuesday Syrian public sector employees bonuses amounting to 50 of their monthly salaries, on the occasion of Eid al Futr, said SANA, the state news agency.
Lebanon's parliament passed a law on Wednesday for the introduction of Value Added Tax (VAT), which is expected to significantly raise government revenues.
The latest figures released by the Syrian press give a more detailed look at next year's budget figures.
In an interview to Al Hayat, Khaled al Mahayni, the Syrian minister of finance said that revenues from oil will make up 50.2% of the state expected revenues for next year.
Syrian President Bashar Al Assad signed into effect a law yesterday creating an agency to battle the country's severe unemployment, which touches an estimated 20 per cent of Syria's job-age population, reported the Syrian Arab News Agency (SANA).
The Syrian parliament is reviewing a government draft law to launch a SYP50 billion (US$1 billion) program to fight the nation's unemployment problem, reported Al Thawra.
In its latest meeting, the Investment Higher Council gave the go ahead to over 102 projects for a total amount of SYP26.6bn (US$532 million), reported Al-Baath.
The Central Bureau of Statistics (CBS) revealed that GDP growth for year 2000 reached 0.6%.
The Central Bureau of statistics (CBS) released its latest figures on Syria's population, reported Al Mustaqbal.
In its 2002 budget the Syrian government has allocated SYP20 billion (US$400M) for consumer goods subsidies and price control, said Teshreen.
Syria must find an answer to its rocketing population, Deputy Prime Minister for Services Affairs Naji Otri said Saturday, reported Zawya.
The government has approved a national program to create jobs for about 440,000 young people during the next five years, Syria's deputy prime minister said Saturday, reported Zawya.