The Industrial Bank announces financing of 70 percent of the estimated costs of renewable energy projects

On November 22, the Industrial Bank announced its readiness to finance solar and wind renewable energies projects, whether for electricity production, water heating, steam production or water pumping, through loans with a maximum limit of 70 percent of the estimated cost of each project.

The Bank’s Director General Dr. Omar Sidi stated that in cooperation  with the National Center for Energy Research, it was agreed that the bank will finance solar and wind renewable energy projects at a high financing rate compared to the rest of the loans, which is 70 percent of the estimated cost of the project.

Rehabilitation of infrastructure in the city of Aleppo continues

Aleppo, (ST) - The City Council of Aleppo continues to implement projects to rehabilitate the infrastructure of the main and secondary streets in the neighborhoods of the city and areas liberated from terrorism, specifically the streets in the districts of Bustan al-Qasr and al-Aziziyah, at a value of 50 million Syrian pounds.

Eng. Imad Al-Wasithe Director of the City Center Services affiliated to Aleppo City Council, explained to SANA's correspondent that the project of asphalting a number of streets in the Bustan al-Qasr neighborhood liberated from terrorism is part of the Council’s plans to rehabilitate these roads.

Russia establishes trade mission in Syria

Moscow, (ST) - Russian Prime Minister Mikhail Mishustin signed a decree establishing a trade mission  for Russia this year in Syria.

According to the decree reported by Sputnik that, in 2020, a commercial representation of the Russian Federation in the Sy
rian Arab Republic will be opened in the city of Damascus.”

The agency added that instructions were issued to the Ministry of Industry and Trade in Russia to approve the structure and staff of the representation office, and at the same time Russia has liquidated commercial representations in Lithuania and Ukraine.

Raghda Sawas

Russia to open trade mission in Syria in 2020

The Russian government will establish a trade mission in Syria this year, according to a decree signed by Prime Minister Mikhail Mishustin on November 10.

"The trade representation of the Russian Federation in the Syrian Arab Republic to be established in 2020 in the city of Damascus," the decree reads.

The Russian Ministry of Industry and Trade is tasked to approve the structure and the staff list of the trade mission.

Source: TASS

Russia allocates over $1 bln for repairs in Syria

Russia has allocated over $1 bln for the repair of power networks, industrial facilities in Syria and other humanitarian purposes, head of the Russia-Syrian interdepartmental coordination center for return of refugees Mikhail Mizintsev says on Wednesday at the international conference on return of refugees to the country.

"Over $1 bln were allocated for humanitarian purposes, the repair of power networks and industrial production facilities, and religious installations," Mizintsev said. He did not detail the period for allocation of funds.