Syria’s new Islamist leaders are undertaking a radical overhaul of the country’s broken economy, including plans to fire a third of all public sector workers and privatising state-run companies dominant during half a century of Assad family rule. The pace of the declared crackdown on waste and corruption, which has already seen the first layoffs just weeks after rebels toppled Assad on Dec. 8, has triggered protests from government workers, including over fears of a sectarian jobs purge. There is now a major shift to “a competitive free-market economy,” Syria’s new economy minister, 40-year-old former energy engineer Basil Abdel Hanan, told media.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

“No sign on Zaporizhzhia deal”: Ukrainian energy minister

Ukraine’s energy minister said he saw no progress towards a deal involving…

Israel given new hope of blocking ICC arrest warrants

Israel was given new hope of blocking arrest warrants issued by a…

Fuel shortage to halt Gaza aid work in 48 hours: UN

The UN agency for Palestinian refugees has warned that its operations in…

Ukraine warns Iran against sending arms to Russia

Kyiv: On Oct 28, Ukraine’s Foreign Minister Dmytro Kuleba said that on…