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.
The Kuwait Fund for Arab Economic Development has approved a USD100 million to the programme to fight unemployment in Syria.
In a bold intervention, Ghassan al-Rifai, Syria's minister of economy, said that economic reforms in the country are facing in every place and at every time an unabated resistance.
The European Union representation in Damascus announced Thursday that the EU would grant EUR93 million (USD83 million) to Syria over three years, from 2002 to 2004.
Syria's customs department is gathering information and studying various projects in several countries in preparation for the introduction of an electronic Customs system in the country.
The Investment Higher Council (IHC) gave its go ahead to over 131 new project applications that should give rise to SYP4.6 billion (USD92 million) worth of investment.
A seminar on demographic changes was held Saturday 23 in Damascus by the UN and the French institute for demographic studies (INED).
Syria's economy grew by 5.9 percent in 2001, from SYP897 billion (USD17.94 billion) in 2000 to SYP950 billion (USD19 billion) last year.
The government's decision to replace all state employees that are above retirement age is sparking a wide debate in Syria.
An official notification issued by the Syrian President puts an end to the services of all state employees that are over sixty years old.
84 new investment application got the go ahead in the latest meeting of the investment higher council, chaired by Mustapha Miro, PM.