Syria spends over 34.5 percent of its budget expenditures to cover its defence needs.
New amendments to Investment law N°10 are being studied, said Mohammad Suraqbi, head of the Investment Bureau.
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.
According to Shibli Abu Fakhr, Syria's deputy minister of economy, the signing of the Lebanon-EU association agreement will have positive repercussions on Syria.
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.
The Syrian government is planning to merge the different agencies that are in charge of managing the public sector foreign trade, reported Al Sharq al Awsat.
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.


EDU 2011 Aleppo
Sheraton Hotel Aleppo
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Damascus International Fairground