2011/09/28

Sep 27 Economy

غرفة الصناعة: العقوبات أثرت على الألبسة لكن تراجع المبيعات 20 بالمئة فقط...سلاخو في افتتاح معرض موتكس: تعليق الاستيراد لاقى استحسان كثير من الصناعيين
Chamber of Industry: the sanctions have affected the decline in clothing sales but only 20 percent ... in the opening of the exhibition Slakhu Motex: import comments met with applause from many industrialists
http://www.alwatan.sy/dindex.php?idn=109262
http://backupurl.com/7rmdzc
27/09/2011

Vice President of Damascus Chamber of Industry Bassel Hamwi said: «So far, we still export to Europe, especially Italy of our textile, and the longer the sanctions our exports to these countries will use every means to find alternative markets want our national products», but he acknowledged that the actions taken by European countries against Syria reflected negatively in relative to export local clothing, in addition to the special circumstances of some Arab countries.

He noted that the decline in sales in the domestic market did not exceed 20 percent and not, as rumored that he had reached 50 percent.


يستفيد منه ما يقارب 5000 متعامل.. المرسوم 121 خطوة هامة للصناعيين المتعثرين عن سداد التزاماتهم
Benefit of approximately 5,000 dealer .. Decree 121 is an important step for industrialists defaulting on the repayment of their obligations
http://www.sana.sy/ara/7/2011/09/27/372003.htm
September 27 0.2011


المركزي : الفجوة بين طلب الدولار وعرضه يصل إلى أدنى مستوى في ستة أشهر في السوق السورية
Central Bank: the gap between demand for the dollar and display up to the lowest level in six months in the Syrian market (demand for the US dollar was half compared to yesterday. Syrian Pound was at 49.30 to the dollar.)
http://www.aksalser.com/index.php?page=view_news&id=c4644bf850b1c3d5e5c53dca8e0ac10d&ar=220282926
Tuesday - September 27 - 2011 - 10:25:36


خبير اقتصادي : ارتفاع الإنفاق في الموازنة سيزيد العجز لـ 6% هذا العام
Economist: higher spending in the budget deficit will increase by 6% this year
http://www.aksalser.com/index.php?page=view_news&id=aec4a2e166d24f0fb0404fb095736a3a&h=%CE%C8%ED%D1&ar=537496710
Tuesday - September 27 - 2011 - 14:39:12

Predicted former chief economist at the World Bank in Washington, "Nabil Sukkar," to reach the budget deficit this year to 6% of national income, compared to about 4% last year, with a dramatic increase in the size of the budget for next year and high administrative spending by 50% over the past years to about 72% of spending.

And the Ministry of Finance estimated the state budget for 2012 at about 1326 billion lire (about $ 26.6 billion), an increase of 58% for this year's budget, amounting to about 835 billion pounds, while confirmed that investment expenditure in the budget of 375 billion lire, and current expenditure about 951 billion.

He explained that the size of the social support provided by the State to citizens in the area of ​​energy, electricity and oil derivatives, and price-fixing and the Social Aid Fund and the Agricultural Support Fund of up to about 386 billion pounds in the next budget, representing 35%.

He said, "Sukkar" to the newspaper "al-Hayat": "This increase raises questions about the sources of funding for spending and the size of the projected deficit and ways of financing, especially given the decline in economic activity and the expected decline in fiscal resources and with the erosion of the external sources of financial support."

"If spending rose to the size you are talking about government sources over the next year, the deficit could rise to between 7 - 8%, unless the decline in national income and then coupled with a deficit of such a recession, will lead to inflation."

He was an official source at the Finance Ministry said today that the number that was declared on the general budget of the State, is the number given in the light of the discussions in the Supreme Council for Planning, and can add or delete some projects.


Syria seeks cutback in oil production because of E.U. embargo
http://www.washingtonpost.com/world/middle-east/syria-seeks-cutback-in-oil-production-because-of-eu-embargo/2011/09/26/gIQAbDdczK_story.html
2011.09.26
By Javier Blas,

Syria has told foreign oil companies to cut production as a backlog of crude fills its storage capacity because the government has been unable to bypass an embargo on exports imposed by the European Union.

Syria has sought to sell its oil to nations outside the E.U., which before the ban bought about 95 percent of the country's crude exports. However, industry executives and oil traders said that since the ban, the country has been unable to attract buyers despite offering discounts.

The failure has forced foreign oil companies to pump crude originally earmarked for export into storage, leading to a backlog.

Gulfsands Petroleum, a London-listed company that operates in Syria, has cut its production by about 40 percent at the request of authorities in Damascus. The company is now pumping about 14,500 barrels a day, compared with about 24,000 in August.

Industry executives said other international oil ­companies operating in Syria, which include Royal Dutch Shell, Total of France, and the state-owned China National Petroleum Corp. and Oil and Natural Gas Corp. of India, also have recently been given orders to cut back.

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