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Your email address will not be published.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

S. Africa hails ‘decisive victory’ for int’l law at UN court

South Africa hailed a ruling by the United Nations’ top court that…

Case registered against 900 people for murder of Sri Lankan citizen

A case has been registered against 900 persons in the complaint of…

Mike Pence testifies in criminal probe of Trump and Capitol riot

Former US Vice-President Mike Pence has testified as part of a criminal…