2011/12/22

Dec 21 Economy

الصناعيون يطالبون باستثناء المواد الغذائية من قرار رفع الرسوم الجمركية على البضائع القادمة من تركيا
Industrialists demand the exception of food from the decision to raise customs duties on goods coming from Turkey
http://www.aksalser.com/index.php?page=view_news&id=485347742c09dfdeed583fd4d5b92c3b&ar=449330770
Tuesday - December 20 - 2011 - 6:23:58

Industrialists called in the book was directed to the President of Damascus Chamber of Commerce, "Muhammad Ghassan Castles" review of the fees of food imported from neighboring countries such as Turkey, according to the newspaper "alwatan.sy."

And included a vision of industrialists to solve the problem the exception of foodstuffs imported from Turkey's decision to raise customs duties, where Turkey is the window most of the import of such articles in the current period of sugar warez and margarine, oil, Bulgur, lentil and other, in addition, should the exception of foodstuffs imported from Turkey, regardless of origin, and exempt the importer to mention his name on the packaging in order to mitigate the cost, which reflected negatively on the consumer, especially after the imposition of obstacles of European countries it so as to avoid the burden of the new would be borne by the importer to provide these goods to citizens and reduce the possibility of raising the price to the consumer level.


منتدى رجال الأعمال والاستثمار: الإسراع في إنجاز مسودة تعديل قانوني الاستثمار الجديد وإحداث المدن الصناعية
Investment and Businessmen Forum Calls for Speeding up Drafting of Laws on Investment and Establishing Industrial Cities
http://www.sana.sy/ara/4/2011/12/20/389597.htm
http://www.sana.sy/eng/24/2011/12/20/389643.htm
Dec 20, 2011

DAMASCUS, (SANA) - The Investment and Businessmen Forum on Tuesday concluded its activities recommending the need for speeding up the drafting of investment law, especially articles on exempting investment projects from taxes in accordance with priorities of regional development and providing support to small and medium-sized enterprises.

The Forum, called for amending the law on establishing industrial cities to meet the investors' needs and keep in line with the developments in investment environment, in addition to paying attention to so gold and jewelry industries.

The Forum's third session focused on investment in industrial cities, underlining the important role of these cities in moving economic growth forward, contributing to the comprehensive development process and creating job opportunities.

Head of Aleppo Chamber of Industry Fares al-Shehabi reviewed the available investment opportunities and the facilitations provided for investors who desired to establish new factories and projects.

For his part, Director of the Industrial Cities and Zones Department at the Ministry of Local Administration Akram al-Hassan said investments in industrial cities amounted to SYP 512 billion, creating more than 100 thousand job opportunities.

The fourth session discussed tourism investment and real estate funding.

The Forum was organized by the Syrian Investment Commission (SIC) in cooperation with the Syrian-European Group.


الشهابي لسيريانديز ... لدينا عدة مشاكل تقف بوجه الصناعيين المحليين
al-Shihabi to Syriandays ... We have several problems stand in the local industrialists
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Syriandays - Noor Melhem
Wednesday 12/21/2011
08:57:39

Faris Al-Shihabi said the President of Aleppo Chamber of Industry in a statement to Syriandays a new study presented to the Syrian Investment Agency in order to provide the right vision to support the industrial and walk in a clear and explicit and stay away from work and taking random decisions is feasible.

Indicating the presence of several real problems in the way of local industrialists and starting from the corruption of customs located at border crossings, and through facilitating the smuggling operations that strike the Syrian economy has been put the issue several times but to no avail, in addition to the funding problem Valsnaaaan rely on self-financing it has to be work on the mechanism and funding plan meaningful and useful by the Central Bank of Syria in order to facilitate the work of industrial and merchant and exporter, and the result will be strong competition with foreign products, and we can work despite the blockade and sanctions, European and Arab, which was imposed on us because Syria has a huge potential in terms of the strategic geographical location and infrastructure infrastructure, cheap labor and the bright minds in several areas and terms of reference that take advantage of that through the right vision for industrialists and work on the moral and material support to them.


الفريق الوطني لترويج وتسويق المنتجات وحماية الصناعة يقر دعم صناعة الألبسة الجاهزة
National Team for the promotion and marketing of products and protect the industry acknowledges the support garment industry
http://www.sana.sy/ara/4/2011/12/21/389803.htm
December 21, .2011
Damascus, (SANA) -

Approved the National Team for the promotion and marketing Syrian products and the protection of national industry in meeting today's industry support garments of various kinds as the first industry acknowledges their support.

The Panel recognized at the beginning of the meeting was dedicated to the protection of national industry, the work plan and include four items which support tools and standards for measuring performance and length of time and reward and punishment were selected garments involved under the textile industry is one of several industries Matrouh support the furniture industry, assembly industries, electrical appliances and food industries.

Included mechanisms to support industry, garments more than a dozen tools including reconsideration of the price guidance currently exists on the Kilo and keep drawing customs 50 percent and modify the mechanism of recovery of fees and provide technical and administrative support for the clothing industry and the adoption of a method slides and decisive dynamic and provide support to reduce phone bills, electricity and water as well as reduced fees Social Security and taxes, as a committee was formed to measure the performance standards of the industry under the support and determination of the conditions due to this support with determining the period of time from three years to five years.

The Chairman of the National Team and the Minister of Economy and Trade, Dr. Muhammad Nedal Shaar in a press statement that the choice of making garments is correct, especially as the industry has achieved success in Syria to move then to discuss the negative effects on other industries related clothing or ready-to find a balance and mitigation of these effects describing the findings of the national team in the meeting today, which is his second achievement is important, putting in place support tools are limited and clear in addition to the standards of quality and quantity, pricing and competitive noting that the next meeting of the team by mid-January will see the translation of these things to the decisions issued by the competent authorities with regard to the protection of national industry.

Shaar said that the protection of national industry, an optional program is joining it at the behest of manufacturers with a request is examined by the committee was formed and began its work, pointing out that the team is in permanent session where he will work to identify other industries to support it in its future meetings Kalmfrucat and assembly industries and tools electrical and food industries and that in a later period was chosen after the garments may be yarn is the industry's next target support.

For its part, saw the Minister of Tourism Lamia Assi need to facilitate the granting of loans for the modernization of machinery in factories by lowering interest rates and the allocation of space in industrial areas, with reductions on industries targeted support and that the reduction shall be for a specific period in line with the protection period, an annual assessment of the industry covered by the protection program and follow-up and constant supervision and to take sanctions in case of abuse or exploitation of the support program in addition to the need for state intervention in addressing the weaknesses in the national industry and on the operations of pre-production and post-production and that are related to component design and packaging to achieve quality.

Stressed Minister Assi the need to develop requirements adhered to by those who enter in the protection program to preserve and maintain the issue of Made in Syria, reflecting citizens' confidence in local products, pointing to the need to give support to a period of three years followed by an assessment of the performance and then be extended to five years if achieved improve the conditions of the local product.

In turn, the minister of electricity Emad Khemais to the importance of adding industries to support program gradually, which drains most of the economic potential, especially with regard to Balmistordat indicating the importance of focusing on heavy industry and the possibility to return to the home and produced locally, such as the electrical industry and its support by the government to create infrastructure and start-aggregate industries.

The minister Khamis pointed out with regard to supporting local industry power that the ministry prepare a study on the cost of the product unit of electrical power for all industries and to compare prices with neighboring countries and will show the results of the study to contribute effectively to provide electric power to serve the Group's work to protect the local industry.

In turn, Abdul-Hakim Qaddah Vice Chairman of the Group that the team focused during the past two weeks after its first meeting on the protection of national industry and providing the necessary support to keep the team tasks in the coming period to study the other points listed from the functions of the group indicating that he asked the team members to prepare memoranda detailed how to provide support to national industries and what are the promising industries.

He has been studying the memos that provided some bodies and chambers of the economic, commercial, and everyone agreed that the support is through the added value of goods produced with some of the issues the afterlife on employment and their ability to secure the needs of the consumer and their ability to compete abroad and focus on the textile industries, especially ready-made clothes of all types in addition to the food industry and agriculture, particularly Conserves and cheese and dairy products, oils, etc. which is consistent around the team in addition to the furniture industry as well as the electrical industries, domestic and industrial clustering, which need tools to support different that the value-added low in addition to general suggestions concerning the study fee in consumer spending, tariffs and encourage investment in free zones.

And take the national team, which issued its decision constituted two weeks ago and has about thirty personal establishing promotional activities of Syrian products and the search for target markets and identify the products can be exported to the establishment of centers for storage and sale in addition to the assessment of national industries promising that deserves support from the government and contribute in determining the elements of this support and methods of application and determine the criteria for grant support and monitor the performance of these industries.


العقارات تسجل انخفاضاً طفيفاً في الأسعار
Real estate recorded a slight decline in prices
http://www.sana.sy/ara/4/2011/12/21/389777.htm
December 21, .2011
Damascus, (SANA) -

The real estate market has been on edge caution in terms of lower prices witnessed some provinces a slight decrease in a time when other provinces recession as a result of high ceiling prices for its properties for several months and some observers believe that the market has reached a stage of delinquency, despite the availability of supply as a result of speculation, some traders that contributed to high land prices and thus prices of residential and commercial units.

The economic expert Qais Khader that the market has reached the stage of stagflation, a combination of recession surplus of supply against the lack of demand and inflation, increase the demand total for the overall width has led to continuing high prices compared to low purchasing power, indicating that the market is unable to regulate itself, hence the need to be government intervention and not to entrust it to the influential merchants resolve this problem they were causing speculation and disrupted demand and contributed to aggravate the problem and in particular that there are a lot of empty apartments declined for most of the owners hope to sell up their prices even more.

According to Khadr that to address this problem could contribute to the government corrects the path of this sector to a large extent by increasing the supply through direct intervention and put new real estate projects so as not to keep supply limited, however, merchants and property owners, through the companies supported by it is to achieve fair competition and adjust the prices in addition to increasing taxes on property owners and private non-populated according to the system slides and this is a means of pressure to move the market and operate the housing finance to suit the structure and specificity of the different segments of society.

And in some areas of Damascus a slight decline at its properties by 10 percent or less what he considered some of the traders are beginning to decline in a prospective, noting that some who were clinging to the roof given the prices of Sales waived him as a result of huge turnout witnessed in the market recently, sparking fears of a sharp fall Vaguetnawa profit margin reasonable rather than potential loss.

The owner of a real estate office .. Entered into contracts for the sale of about five during the past two weeks, four of which are residential and one commercial rate ranged 17-19 thousand Syrian pounds for residential meters after the roof was from 19-22 thousand and 55 thousand for a commercial after that was 60 thousand.

Despite his assertion that the reduction motives were compelling but it did not rule out the presence of a fear of most owners to lower prices soon, especially Alhqiah of them who follow the way of hit and run.

And confirms the real-estate tycoon that the current crisis prompted the majority of savers to move towards real estate and raise its value to the highest levels of fear of deterioration of the value of the pound, but this will not last long that they could not stick to the ceiling high to have the units of residential, commercial and even land, where they will have later to liquidate assets of real estate to secure the liquidity for various investments and thus will lead to lower prices.

For his part, the economic expert, Dr. Abid Fadilah the real estate sector reached a stage requires a lot of solutions and treatment because of the surge in prices over the period 2005-2008 as a result of investments and the Syrian Arabic in this sector, profit and rent, and was shrouded from the speculation by buying land for the purposes of trafficking, rather than for the purposes of construction noting that the level of property prices compared with a high purchasing power and the level of prices in other sectors.

He Fadilah that bought during the boom will not sell at today's prices the real, which are commensurate with the weak demand in the sense that prices are assumed to be much lower than it now so we note that that drives the market is conditioned to buy and Almottagns of the opportunities and distressed for sale as much as he needs for liquidity.

Indicating that the price level between 20 and 70 percent of the normal level in the areas of commercial activity and investment, especially in major cities such as Damascus and Aleppo, but the parties ratio ranging between 10-20 percent and in the provinces least as mayor of al-Raqqah, for example, we find that the gains logical and justified by the high land prices and construction materials.

According Fadilah some fear that exacerbated the housing problem and to see price rises to higher levels than it is now after the imposition of sanctions, Arab Syria and stop flow of capital to this sector and in particular it did not settle at a fixed roof in light of the investment boom and the increase in the volume of supply, how will the same After shrinking investments as a result of these sanctions.

He Fadilah .. So as not to underestimate the Tenth Five Year Plan should be recognized that there is investment began moving in all sectors, but most have been in the real estate sector and the financial, insurance, telecommunications and did not go only a small part to the productive sectors of real and I consider that any economic investment is positive, but when the capital relatively limited, there must be priorities in the last period there was a relative scarcity of capital and we need more than was spent.

And that when they talk about sanctions and stop investments, "We confirm that it is not huge investments not only in terms of quality and priorities" and although it was important but that the Syrians have the funds invest in Arab countries more than they invested the Arabs in Syria do not want to go Arab funds to the real estate sector only for the purchase of land speculation and to increase their value.


الصناعات الخمسة التي اقترح وزير الاقتصاد دعمها وحمايتها
The five industries that suggested the Minister of Economy to support and protect
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Date of article: 21/12/2011

Group identified the national economic options for future industrial support during the current period, through a number of titles in the forefront of highlighting the textile, food and furnishings.

After a meeting of members of the team the National Economic included 9 of the members including the Vice-Chairman of the Group in the building of the General Organization of Free Zones, said "alwatan.sy" that, based on request of the Minister of Economy and Trade Muhammad Nidal Shaar prepared explanatory memorandum - and urgently - the most important alternative markets to the markets which have been banned on the Syrian products because of the sanctions imposed on the Syrian people (in an indirect reference to the economic trend towards a political partner countries of Syria, or those that rejected the sanctions imposed on the Syrian people, or refused to apply).

Was a product of the meeting adopt a unified approach to promote and support the Syrian exports by granting support according to the proportion of the added value of the commodity produced, as was agreed to five of the industries proposed to support and protect them, which is in the order: textile industry in all its forms and in particular, garments (men's and women's and Kids ) in addition to clothing, cotton, as well as the food industry and agricultural (conserves, biscuits, chocolate, milk, cheese and oils), also agreed to protect and support the furniture industry, and industries, home appliances, electrical, electronic, industry aggregate and in a manner different from determining the value-added, where the reduction of customs duties on inputs production which is an integrated unit, and labor-intensive factories, to be continued support in the event of increased value added, or the withdrawal of support in the event of the appointment of the industry the same without the development itself.

Also agreed to team members on a set of procedures and due study and discussion with stakeholders and relevant, which is focused on the study of the issue fee in consumer spending in terms of supporting the national industry and discuss the issue of customs duties and their role in supporting the national industry, and to encourage industrial investment in the Syrian free zones, and the exemption of raw materials requirements and private industry Balsnaaaan from customs duties and taxes and charges having equivalent effect on the national industry of customs duties, in addition to considering the possibility of reducing the contribution of worker and the employer to participate in social insurance premiums, commensurate with the increase in the number of workers at the facility.

It is due to hold a national economic team this morning at the Sheraton Hotel Damascus extended meeting to discuss these ideas and suggestions with officials with the uraeus.


في محاولة لحل مشكلة الزحام الشديد أمام المخابز .. اللجنة التموينية الفرعية في حلب : زيادة 57 طناً من الدقيق لأفران حلب يومياً
In an attempt to resolve the problem of overcrowding in front of bakeries .. Supply Sub-Committee in Aleppo: Increased 57 tonnes of flour per day for the furnaces of Aleppo
http://www.aksalser.com/index.php?page=view_news&id=4b265acad185e94075eafa4a38c58468&ar=236750867
Wednesday - December 21 - 2011 - 13:36:45

The Commission has the ration subsidiary in Aleppo amount of careful cooking to 57 tons per day in addition to allocations bakery regular, effective on Friday, on 16 this month and add the amount of 200 kg flour for each bakery, and give the above-mentioned quantitative Almzadh production up to 70 tons of bread, according to the newspaper "Baath".

This action is a result of overcrowding ambulance in front of bakeries and bottlenecks, which recently started to show an increase in the demand for bread.

And on another level, the head of the Department of Consumer Protection Directorate of the economy and trade, "Ibrahim Schumann" yesterday that the gas crisis fabricated and periodicals control sequence distributions, and the organization of minutes against offenders where possible during the last period of this month underline more than 250 restraint logistical help for a variety of offenses, and refer 15 people present to the judiciary as a result of refraining from selling and trading monopoly, and selling price of a plus, and 8 cars were booked irregular sale of gas and the confiscation of more than 365 gas cylinder.

"The Schumann" that the Directorate Sift special patrols to suppress the phenomenon of gas in order to deliver to the citizens of the price-formal, and in this context seized patrols Oversight / 17 / stores sell gas without a license has been closed and the confiscation of gas cylinders, have been removed / 4 / shops licensed gas because of the commission / 3 / repeated violations,

And called the Department of Consumer Protection of citizens to cooperate with the control patrols and report any violations to the shops and sellers of gas or fuel oil or other materials associated with the lives of people living on the numbers and / 9931-119 / and throughout the day.


Damascus stock price index for this week
The index rebounded after Syria signed the Arab League protocol.

20/Dec/2011 854.72 trading volume 139 thousand
21/Dec/2011 868.61 trading volume 262 thousand
22/Dec/2011 866.17 trading volume 246 thousand

(In a temporal measure, the market is open for 3 days a week only.)

16/Dec/2010 1752.50 (historial high)
13/Dec/2011 842.05 (historical low)

Weekly closing rates
19/May/2011 1323.11
26/May/2011 1256.80
02/Jun/2011 1234.13
09/Jun/2011 1136.82
16/Jun/2011 1133.09
23/Jun/2011 1057.36
30/Jun/2011 1031.04
07/Jul/2011 1067.50
14/Jul/2011 1032.62
21/Jul/2011 1010.06
28/Jul/2011 1013.81
04/Aug/2011 993.89
11/Aug/2011 950.89
17/Aug/2011 951.66
24/Aug/2011 950.73
29/Aug/2011 951.05
07/Sep/2011 933.34
14/Sep/2011 909.16
21/Sep/2011 927.12
28/Sep/2011 957.97
05/Oct/2011 931.37
12/Oct/2011 910.37
19/Oct/2011 897.91
24/Oct/2011 896.68
02/Nov/2011 903.82
16/Nov/2011 880.96
23/Nov/2011 862.88
30/Nov/2011 846.95
7/Dec/2011 842.68
14/Dec/2011 842.51

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