Syrian Trading Establishment (22)


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.


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


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.


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.


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.


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.


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.


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.


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.


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.


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


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


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


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.


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.


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.


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.


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


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.


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


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