Economy

30-09-2020
Syria’s 2021 budget is planned at SYP 8.5 trillion, according to a preliminary draft submitted this month. In nominal terms, this is more than twice last year’s level.
30-09-2020
More inflation data from the government shows that prices jumped by around a third last year.
30-09-2020
The Syrian government has issued a decision forcing all importers of a large list of goods to resell five percent of their imports at cost to an entity affiliated with the Ministry of Defence.
30-09-2020
The Syrian government completed several procedures to re-launch traffic with neighbouring Lebanon and Jordan this month, although the spread of the virus is increasing relentlessly.
30-09-2020
Updated on October 01: The Egyptian government is tightening its control over Syrian investments in the country, officially on grounds that it fears some investors could be funded by Qatar and the Muslim Brotherhood.
30-09-2020
A recent report has confirmed the large-scale losses incurred by the Syrian economy during the conflict and provided estimates about business activity.
23-09-2020
The government’s Central Bureau of Statistics (CBS) has updated its inflation data for most of last year, confirming that there was an acceleration in consumer prices.
23-09-2020
Romania has seized a shipment of Captagon pills originating from Syria, confirming the country’s position as the world’s main producer of the drug as well as the drug’s importance for the local economy.
23-09-2020
Syria is seeing a twin supply crisis of both bread and oil, which is generating rising tensions among the population and highlighting the dysfunction of the government.
23-09-2020
The number of people who have tested positive in northeast Syria surged by around 50 percent in a week, the highest weekly increase since the beginning of the spread of the pandemic in the country.
16-09-2020
The opening of a new border crossing in Ras Al-Ayn dedicated to commercial trade has raised tensions among the various forces competing to control it.
16-09-2020
A recent report has suggested that only a fraction of Covid-19-related deaths in Syria have been counted, as one of the main critics of the government’s policy was dismissed from his position.
09-09-2020
A senior UN official has said that community transmission of Covid-19 has been widespread in Syria, while a UN document seen by Reuters indicates that a large number of United Nations staff members in Syria have been infected by the coronavirus.
09-09-2020
The visit of a high-level Russian delegation to Damascus may signal Moscow’s intent to accelerate its access to lucrative economic deals in Syria. Opportunities remain rare and incentives low, however.
09-09-2020
The global scandal of the Malaysian state investment fund, also known as 1Malaysia Development Bhd, or 1MDB, has had ramifications for the Syrian business community as well.

Events

The International Trade Exhibition for Rebuilding Syria
Damascus International Fairground
Export Finance Seminar
Damascus Chamber of Commerce