Monday, 9 September 2013

Understanding The Eastern Mediterranean region- Specially 'SYRIA'

SYRIA

The Eastern Mediterranean denotes the countries geographically to the east of the Mediterranean Sea. This region is also known as the region of Syria or the Levant. The countries and territories of the Eastern Mediterranean include: 
  1.  Cyprus
  2.  Greece
  3.  Turkey
  4.  Egypt
  5.  State of Palestine
  6.  Lebanon
  7.  Syria
  8.  Jordan
  9.  Israel
Syria is the only significant crude oil producing country in the Eastern Mediterranean region (which comprises of Cyprus, Greece, Turkey, Egypt, State of Palestine, Lebanon, Syria, Jordan and Israel).

Damascus
People of Damascus (Capital of Syria)

Economy:
Syria is classified by the World Bank as a "lower middle income country." Syria remains dependent on the oil and agriculture sectors.The oil sector provides about 40% of export earnings. The agriculture sector contributes to about 20% of GDP and 20% of employment. Oil reserves are expected to decrease in the coming years and Syria has already become a net oil importer. Since the civil war began, the economy shrank by 35%, and the Syrian pound has fallen to one-sixth of its prewar value. The government increasingly relies on credit from Iran, Russia and China.

Eastern Mediterranean Region

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Naveen