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Your email address will not be published.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

Iran says psychiatric hospital in Tehran hit in US-Israeli strikes, no casualties reported

An Iranian psychiatric hospital in the capital Tehran was struck during ongoing…

Trump hits India, dozens of other countries’ goods with steep tariffs

US President Donald Trump slapped steep tariffs on exports from dozens of…

Talks on ‘Paris deal’ for nature fail

Geneva: It emerged on March 29 that Negotiations on an ambitious biodiversity…

Celebrations among Venezuelan diaspora in Miami-Dade County

There is a huge Venezuelan population here in Florida who support President…