Syrian-Russian talks held in Moscow to enhance economic and financial cooperation

Moscow (ST):  A Comprehensive session of  talks was held in the Russian Cabinet building, co-chaired by Deputy Prime Minister of Russia , the head of joint Syrian – Russian Committee ,Yury Borisov, and Minister of Presidential Affairs , Mansour Azzam.


The talks centred on  means of enhancing bilateral cooperation and putting agreements and Memoirs of Understanding already signed between Russia and Syria into effect, in addition to the preparations for holding the meetings of the bilateral joint committee later this month which will be crowned by expanding the commercial and economic cooperation between the two countries by the end of December.

Sales of the United Company for Industry and Trading have exceeded 4 billion Syrian pounds in the past ten months

The sales of the United Company for Industry and Trading “al-Khumaseyyeh” from the beginning of this year until last month have exceeded 4 million Syrian pounds with an increase value of 2.8 billion compared to the sales of last year.

The company produces a variety of cotton goods, including medical gauze, military uniforms, tents, shades fabrics and bed sheets that meet the needs of the local market, according to the company’s Director General Mustafa Hilal.

Despite difficulties, due to the shortage of manpower, particularly in the technical side, and old machines, the company’s staff has spared no effort to restore and increase the company’s production capacities through rehabilitating the machines and equipment in all the company’s sections.

General Establishment of Foreign Trade to hold auction to sell 500 cars of different kinds

DAMASCUS, (ST)- The General Establishment of Foreign Trade has announced an auction to sell some 500 cars of different kinds, including tourist cars, vans, field cars and trucks as well as various vehicles.

In a statement on Monday, the establishment said that the auction will be held between December 20th, 2020 and January 7th 2021.

The establishment pointed out that the cars will be exhibited in various places and at different time periods in order to help clients to see and examine the condition of the cars.

The auction will take place in the closed hall of Al-Jalaa Sports Complex, the establishment said, clarifying that the auction book of conditions can be obtained by visiting the establishment’s branch in Damascus or its branches in other provinces or on the establishment’s website.

Al-Barazi discusses with Russian delegation ways of enhancing economic cooperation

The Minister of Internal Trade and Consumer Protection Talal al-Barazi discussed on Tuesday with a Russian trade delegation ways of enhancing economic cooperation between Syria and Russia.
Al-Barazi asserted the need to develop economic relations and to implement this development  through activating the exportation of Syrian products to Russia and establishing joint projects with the aim of pushing production process in Syria forward.

Covid-19 crisis has hit the economy with sustained weakness, says expert in European Central Bank

Paris, (ST) - The European Central Bank chief economist, Philippe Line, announced that the coronavirus pandemic crisis has hit the European economy with sustained weakness, ruling out the return of European Gross domestic product (GDP) to 2019 levels before the fall of 2022.

"What we are closely watching is the outbreak of the virus, which inevitably restricts consumer behavior more than isolation measures do," he said in an interview with the French newspaper Les Echos, stressing the importance of knowing how long this matter will be.

He ruled out that the last weeks of this year will witness an improvement, noting that as long as the vaccine against Corona is not widely distributed, we will remain in a foggy period.