The Syrian government has set an expansionnary 2003 budget with expenditures expected to rise by 17.5 percent to reach SYP420 billion (USD8.4 billion).
The Central Bureau of Statistics (CBS) has released its latest figures on the structure of the labour force in Syria.
In its latest meeting, the Investment higher Council (IHC) has given its go-ahead to 108 new projects, with a total investment value of SYP6.3 billion (USD126 million).
According to the Central Bureau of Statistics (CBS), Syria's population will number 18.164 million in 2003, 19.158 million in 2005, 21.8 million in 2010.
The Syrian government has banned the import of diesel vans, in a move designed at reducing pollution in the country.
The Syrian social security and pensions organisation will be spending a total of SYP26 million (USD520.000) in the coming two years to computerise its operations, reported Teshreen.
An economic reforms program announced by Mohammed al-Hussein, deputy PM in charge of economic affairs forecasts a 4% GDP growth by 2006 and around USD600 of investments in the tourism sector.
Syria is to unify the different currency rates it applies to its imports.
The increase in the price of heating oil was brought down to SYP140 per twenty litres, after it was set at SYP169.
Syria hiked fuel prices on Tuesday 14, including a 20 percent rise in gasoline prices, a 38 percent increase in heating oil prices and a 33 percent growth in cooking gas prices.
In its semi-annual survey on the country risk of 185 countries, Euromoney magazine ranked Syria in 94th place worldwide and 14th among 18 countries in the Middle East and North Africa region.
A 20 percent rise in the salaries of all state civil and military employees will take effect starting June 1.
Kuwait's National Investments Company has announced that it has established a joint holding company with a capital of KWD30 million (USD98 million) to invest in Syria.
Trade between Lebanon and Syria grew to USD363 million in 2001, a 17 percent increase on the previous year's USD309 million figure.
In order to create 1.2 million jobs in the coming five years, Syria will need to invest no less than USD24 billion.


Vet Expo
Damascus International Fairground
Bank Credit Guarantees
Damascus Chamber of Commerce