Economy

01-10-2004
Syria has decided to enter into talks with the European Free Trade Association (EFTA), the largest grouping of European countries outside the European Union. EFTA groups the countries of Iceland, Liechtenstein, Norway and Switzerland in a free trade ag... Syria has decided to enter into talks with the European Free Trade Association (EFTA), the largest grouping of European countries outside the European Union. EFTA groups the countries of Iceland, Liechtenstein, Norway and Switzerland in a free trade agreement pact.
01-10-2004
The State Planning Commission is seeking to obtain from Kuwait and the United Arab Emirates two grants worth a total of USD 100 million to finance the Agency for Combating Unemployment (ACU), the state body in charge of fighting unemployment in the cou...
01-10-2004
Syria is to set-up five relays of its Euro Info Correspondence Centre (EICC).
01-08-2004
Syria witnesses a significant rise in literacy rates. Otherwise, its development indicators remain stable. Expenditure on education is falling while women participation in the work place is on the rise.
01-08-2004
A number of administrations are expected to undergo reforms. The ministry of finance is expected to take a greater role in formulating economic policies.
01-08-2004
Per capita annual consumption of bread in Syria stands at 115 kg, according to a study released by the Ministry of Economy. Daily consumption stands at 316 g, while annual total consumption of the country is 2.2 million tons.
01-08-2004
A Federation of Chambers of Industry is to be created following the passing of a Presidential decree in that sense on 20 July 2004.
01-07-2004
Ministry of Industry continues to seek the involvement of the private sector while avoiding privatization.
01-07-2004
The historic visit of the Syrian President aims at bolstering ties between the two countries following the US sanctions.
01-07-2004
Syria received a mere USD 41.7 million in Arab Direct Investment in 2003, or 1.12% of all inter-Arab investments, according to the latest annual report of the Inter-Arab Investment Guarantee Corporation (IAIGC).
01-07-2004
Car prices in the Syrian local market are expected to fall by as much as 25% following the new pricing method the customs directorate has adopted.
01-06-2004
In case any doubts still remained, the Syrian authorities have made sure that their new position towards the future role and size of the public sector is now clear.
01-06-2004
Starting June 1, Syria's civil servants and pensioners will see their salaries and pensions increase by 20% following a Presidential decree in that sense on May 11.
01-06-2004
After months of debates, US President George Bush finally signed the executive decree implementing the Syria Accountability Act.
01-05-2004
According to the latest data released in its annual publication, the World Economic Outlook, the International Monetary Fund expects Syria's GDP to grow by 3.6% this year and 4.0% in 2005, i.e. slightly higher than the figures of the last two years.

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