Newly-formed economic committee discusses new measures

DAMASCUS, (S.T)_Prime Minister Dr.Wael al-Halqi called on Thursday for adopting preventive measures to lessen the crisis' negative effects on the national economy.

Chairing the 1st meeting of the committee formed to follow up economic situation under the current circumstances, al-Halqi made it clear that these measures aim to preserve the value of the Syrian pound and relieve citizens' worry about currency reserves.

"Persisting in funding imports is a must to meet national needs," said the premier.

In addition, the meeting discussed mechanism of providing the Treasury with foreign currency and Syrian pound through revenues of deals singed to export Syrian goods to the friend states.

Earlier, Governor of Central Bank of Syria (CBS), denied reports on the suspension of selling foreign currency to other banks and currency exchange institutions.

Adib Mayaleh told SANA that the Bank is committed to fund trade and non-trade needs through other banks or foreign currency exchange institutions.

"What has been broadcasted and circulated amid dealers in the local market is groundless and it aims at spreading panic," said the governor.

He added that the rise of the exchange rate in the parallel market is unjustified,noting that exchange processes in this market are illegal and the authorities concerned will take necessary measures against those who deal in it.

Mayaleh asserted that the bank is exerting every possible effort to maintain the exchange rate at a balanced level and curb market manipulation.

"No justification for the increase in goods' prices over the past few days," said the governor, adding that this has attributed to the rise of exchange rate in the parallel market.

He added that the current circumstances is being exploited to gain illegal revenues since all export and import processes are funded according to the CBS exchange rate bulletin.

Basma Qaddour


National economy strong, balanced, Says al-Halqi

Damascus, (ST) – Prime Minister Wael al-Halqi dubbed the  national economy as  strong and balanced and could adapt  to the complications and developments of the crisis in Syria through a series of decisions and steps taken by the government in order to cope with the ongoing developments.

Addressing the People's Assembly on Wednesday, al-Halqi said that the Syrian Pound is currently under unprecedented attack launched by some Arab-linked media .

"By doing so, They (some Arab countries) are aiming at diverting  the  citizens and businessmen's destination away from the Syrian pound, "underscored al-Halqi.

"However, the government has taken several steps to boost citizens' confidence in commerce and the Syrian Pound and to unveil the nature of this media and economic war which is accompanied by spreading rumors, "added al-Halqi.

The Prime Minister made it  clear that the said  measures  strongly contributed in boosting the  citizens' confidence in the national economy and consequently foiled all attempts to undermine trust in the government's economic steps .

"the homeland and citizen's security is the government's top priority .Hence, Syria is firmly going forward as regards fighting terrorism backed by Arab, regional and international powers, "asserted al-Halqi.

He also hailed  the role of the Army and Armed Forces and security forces in combating terrorism and restoring security nationwide.

"the army and armed forces and the security forces  are the sole guarantee of the country's unity and safety, "concluded al-Halqi.


Syria exports 3.036 tons of pistachio

HAMA, (S.T) _ It is known that Syria's pistachio ranks first in terms of high quality and nutritional value.  

Syria has exported this season a huge amount of pistachio to several Arab and foreign countries reached 1.200 tons of peeled pistachio plus 1.836 tons of unshelled one, according to SANA,

 "The total value of the exported pistachios estimated up to S.P 3 billion," said Hama Chamber of Agriculture on Wednesday

Khaled Merei Qasem, the Chamber's Head, asserted that Hama province comes first in pistachio production in Syria with 22,000 tons.

The total number of pistachio trees in Hama estimated at 3.318.000;of which 2.844.000 are fruitful.

Scientifically speaking , a handful of pistachio nuts a day can help destroy bad cholesterol, ward off heart disease and prevent cancer.

The nuts are full of antioxidants that protect cells from damage by harmful chemicals, called 'free radicals'.

The results published in the "Journal of Nutrition" follows previous research by the same team that discovered pistachios help destroy bad cholesterol that can lead to heart attacks and stroke.

Basma Qaddour


Efforts to Boost Iran-Iraq Economic Ties

"Grounds are prepared for strengthening and promoting bilateral economic and political ties between Iran and Iraq" Iran's vice-President for International Affairs Ali Saeedlou said Tuesday, according to IRNA.

 Saeedlou made the remarks in a meeting with Iraq's Deputy Prime Minister for Economic Affairs Rosh Nori Shawis in the city of Erbil, capital of Iraq’s Regional Government of Kurdistan in north of that country.

  The Iranian official voiced Tehran’s readiness to participate in Iraq’s reconstruction projects; stressing that Tehran-Baghdad cooperation would play an influential role in the region.

 The Iraqi official hailed Iran’s support for Iraq, calling for further economic and trade cooperation between the two neighboring countries.

 The two sides discussed issues of mutual interests.

 R. Sawas


Syrian Investment Institution DG: Syria is still enjoying the benefits of attractive investment




DAMASCUS, (ST)  - Director General of the Syrian Investment Agency, Abdul-Karim Khalil stressed that despite the critical current circumstances, Syria is still enjoying the benefits of attractive investment, thanks to its strategic position as well as its geographical and environmental diversity that ensures the availability  of  many natural resources besides the experts and  qualified human cadres which resulted in achieving attractive returns to the investments that would be carried out according to the global standard of economic feasibility.

In a statement t SANA Economic bulletin, Khalil pointed out that capital has no specific nationality. It has the right to seize the opportunities and takes the nationality of the country in which it grows and to scores high revenue, referring that the number of the customs exemption decisions granted by the one-stop window at the customs office of the Institution reached 233 during the period from 1\1\2012 up to 30\9\2012.

"The value of the machines, equipment, supplies and transport services intended for import and winning exemption, scored SP16,650bln.This urges investors to start their investments by providing these projects with all the needed machines and equipment. So, the Syrian economic body did not hang in full but it suffers a provisional disability that will be gone very soon," Khalil underscored.

The director went on to say that investments in crisis times create unexpected investments opportunities. So under the economic sanctions there must be  alternatives to import through reactivating the various production sectors to ensure these alternatives, stressing that the Institution is committed to follow up work with governorates,   and the concerned ministries to found a well-studied investment map that  would identify the development priorities  and the investment opportunities set out according to the economic feasibility standard.

"According to the decree No.8 issued in 2007, the Institution had included 39 projects, and 23 of them are in the Agency.The total value of the estimated machines, equipment and transport services reached SP 14,7bln, while the total investment value achieved SP16,1bln''.

Amal  Farhat