Syrian Trading Establishment (22)

24-03-2021

The Central Bank of Syria (CBS) has introduced a new, preferential exchange rate for international agencies at twice the official rate as the Syrian pound trades near record lows against the dollar on the black market.

22-03-2021

This 2,200-word factsheet provides an overview of the Syrian tobacco sector, a major industry, particularly in the coastal area.

10-03-2021

A Syrian state entity has extended the deadline for a tender to supply 25,000 tons of rice after failing to receive sufficiently attractive offers.

03-03-2021

The Syrian government has walked back from a decision that sought to limit inflation on consumer goods, relieving importers of most commodities from the obligation to sell a fixed share of their imports to state-owned entities at cost price.

03-02-2021

The Syrian government said it expects to receive 13,000 tons of tobacco for the 2020 season, which would mark an increase over the 11,250 tons produced in 2019.

20-01-2021

A new factory to produce vegetable oil and soap has been set up in Hassakeh province under the control of Kurdish-dominated authorities, according to local media reports, some of which have linked the project to a war profiteer who has grown increasingly prominent throughout the conflict.

18-11-2020

The Syrian government said it will barter key food commodities with Tehran as difficulties with sanctions and foreign currency shortages disrupt the country’s ability to secure vital imports.

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.

08-07-2020

The devaluation of the Syrian pound has had an immediate impact on the cost of food products as the government announced a roughly 50-percent increase in the price of sugar and rice, two important elements of Syrians' diets.

01-04-2020

Syria devalued the exchange rate it uses for a broad set of transactions and eased the sale of dollars used to fund key imports last week, as the government seeks to battle both the Covid-19 pandemic and the consequences of the collapse of its currency.

12-02-2020

The Syrian government has adopted several decisions to ease import trade finance, put a lid on inflation and reduce pressure on the Syrian currency.

10-02-2020

A full breakdown of Syria's 2020 budget with current and investment expenses detailed for each item in the budget.

05-02-2020

The government has started distributing three important food items through its smart card system at subsidized prices.

15-01-2020

On December 12, the government announced on its official website that from February 01 it will start selling sugar, rice and tea at subsidised prices through a smart card system.

11-12-2019

The Syrian government has further reduced the list of imported goods it will finance at a favourable exchange rate, risking an increase in the price of some key commodities.

24-07-2019

The government is forcing importers to sell part of the products they import to state entities at cost price in bid to limit inflation on consumer goods.

25-06-2019

Hazem Qarfoul, the governor of the Central Bank of Syria, has implicitly admitted that defending the value of the Syrian pound in the foreign exchange market was no more a priority.

20-03-2019

A full breakdown of Syria's 2019 budget with current and investment expenses detailed for each item in the budget.

13-03-2019

The cancellation of a management contract between a state entity and a private sector company only weeks after it was signed could be part of government pressures on the province of Suweida.

23-05-2017

Printing on paper and cardboard, import-export of foodstuffs, plastic materials, equipment, printing and packaging production inputs

24-01-2017

The government has merged three retail trading state entities in a bid to streamline operations and reduce costs.