Syria faces a complex economic landscape, marked by both ongoing operations and emerging challenges. This report highlights key developments across different sectors, from port management to agriculture and social welfare.
Russian Company Maintains Operations at Tartus Port
Despite ongoing challenges, the Russian engineering company "Stroy Trans Gaz" (STG) continues to manage the commercial port of Tartus in Syria. STG, a major construction firm, has emphasized its commitment to ensuring the smooth functioning of the port and supporting commercial activities in the region. This continued operation is crucial for maintaining trade and economic stability in the area.
The company stated that it continues its operations at the port. They emphasized that despite ongoing challenges, work is being maintained to ensure the smooth functioning of the port and to support commercial activities in the region.
Farmers in Deir ez-Zor Struggle with Rising Costs
The winter agricultural season in rural Deir ez-Zor, eastern Syria, is facing significant headwinds due to escalating costs. Local farmers are struggling to manage increased expenses for inputs, transportation, and market fluctuations. This financial pressure is causing concerns over reduced crop yields and a decline in overall productivity during this critical season.
“Rising costs are undermining the viability of winter farming,” reports Ibada al-Sheikh. “Local farmers face challenges in managing increased expenses for inputs, transportation, and market fluctuations.” The local community is urging for government intervention and support to help stabilize the agricultural sector and secure their livelihoods.
Social Insurance Disburses Retirement Pensions
In a separate development, the General Social Insurance Institution in Syria announced the disbursement of retirement pensions for March. The total financial package amounts to 135 billion Syrian Pounds. This disbursement aims to provide financial support to retirees during these challenging economic times.
The General Social Insurance Institution in Syria announced the disbursement of retirement pensions for the current month of March, with a total financial block amounting to 135 billion.
Currency Exchange Rates
Iqtisad, along with other platforms, monitored the exchange rates of key currencies against the Syrian Pound before the closure of transactions on Monday evening. The Dollar, Euro, and Turkish Lira were closely tracked, reflecting the volatility of the Syrian currency market.
These economic indicators paint a picture of a nation navigating a complex landscape, where essential services and industries continue to operate amidst persistent challenges.