On Monday, Syrian President Bashar Al-Assad raised by 50 percent the salaries of civil servants and the military as well as pensions, the second significant increase in less than a year.
On January 11, the Court of Justice of the European Union dismissed an appeal by Syrian businessman Amer Foz to be delisted from the E.U. sanctions list.
The local council of Jarabulus has introduced a USD 200 fee for Syrians living in Turkey who want to enter Syria - for a period of up to 30 days - through the Jarabulus crossing in northern Aleppo.
Syria and Russia have signed an agreement to strengthen economic cooperation and bolster joint investments. On October 28 and 29, the Joint Syrian-Russian Intergovernmental Committee for Scientific, Technical, Commercial, and Economic Cooperation met in Moscow to ink the deal focusing on infrastructure development (including transportation and public works) and the agricultural, industrial, and pharmaceutical sectors.
In recent months, Iranian investors have stepped up their presence within the Syrian economy, launching various projects in the agriculture and insurance sectors.
The Ministry of Finance's decision to withhold a SYP 562 billion loan to the General Establishment for Cotton Ginning and Marketing has led to acute delays in payments for cotton farmers.
Syria's Prime Minister Hussein Arnous recently inaugurated several projects in Aleppo in the electricity, housing, tourism, and grains sectors.
Some three-quarters of the revenues generated by the AANES come from crude oil production, a dependency seen as a weakness by officials from the administration.
A decision by the Syrian government to shift phosphate exports handled by the Port of Lattakia to the port of Tartous has highlighted tensions between the foreign private operators of these ports and the government. Syria holds the fourth or fifth largest rock phosphate reserves worldwide.
Amid rising food insecurity levels and wheat shortages, the Syrian government has recently contracted with Russian suppliers for the import of 1.4 million tonnes of soft wheat, which is used to produce bread. The wheat harvest across the country has improved this year but still falls short of the local demand.
The government recently sent a rare ministerial delegation to Northeast Syria to oversee public services and projects in areas under its control, mainly the cities of Hassakeh and Qamishli.
The depreciation of the Syrian pound is causing unrest among regime loyalists. Meanwhile, as the Syrian pound and Turkish lira continue to plummet, the Syrian Salvation Government and the Autonomous Administration of North and East Syria are taking steps to distance themselves from the unstable currencies.
The Syrian government and the Autonomous Administration of North and East Syria appear to have reached trade deals for certain commodities needed in the northeast and wheat needed in regime-held areas.
The wheat sector is among the few to benefit from government investments as Damascus attempts to develop a strong supply chain.
Official data show that oil products represented jointly 49 percent of Syria’s imports in 2021, 38 percent in 2020, and 39 percent in 2019. Other imported items include vehicles to transport prisoners and tanks and armoured military vehicles.
One of the largest companies affiliated with Hayat Tahrir Al-Sham recently published data on its operations, which span a variety of business sectors. Meanwhile, media reports have shed light on other HTS-affiliated companies and businessmen.
The Syrian government and the AANES expect the wheat harvest this year to be higher than in 2022, as local authorities compete to purchase the crop from farmers.
Over 100 days after the February 06 earthquake, the agricultural sector in Northwest Syria – where the vast majority of people depend on agriculture for their livelihoods – remains severely damaged, according to a new report by the Food and Agriculture Organisation. The sector has already suffered from conflict-related damages to infrastructure, irrigation, and inputs.
Ahead of the Turkish elections, one of the key areas of concern remains the future of Ankara's policy towards Syria and Syrian refugees. As Turkey continues to navigate the complexities of the Syrian conflict, it is important to understand how the election results may shape its approach towards its neighbouring country.
The Syrian pound’s rapid freefall has pushed the AANES to price its grain procurement prices in dollars as it competes with the Syrian government to buy the local crop.