State-owned company reveals plans to invest USD 74.1 billion in the next five years, a lower figure than the one from the previous business plan.
Author: Agência Brasil
Financial institutions polled by the Brazilian Central Bank estimate a 7.34% rate at the end of 2016. Last week’s projection had been 7.36%.
Quarter two 2016 saw the country produce 757.51 million dozen eggs, the largest amount since the Brazilian Institute of Geography and Statistics (IBGE) started keeping records in 1987.
Transportation, energy and sanitation projects announced by the federal government will rely on as much as 80% of financing from the Brazilian Development Bank and the Federal Savings Bank.
The decline in the second quarter of this year was the first since quarter three, 2014, the National Federation of Industry (CNI) said.
The program includes airports, maritime terminals, highways, railways, oil fields and energy companies. Auctions will take place this year and the next.
President Michel Temer ratified Brazil’s adoption of the Paris Agreement, which sets targets for the country to stop the rise of global temperature.
The inflation index IPCA reached this rate year-to-year according to an August measurement. The price increase surpassed the upper limit of the central government’s target, which is 6.5% per year.
The company finalized the arrangements for the sale of NTS, which operates its network of gas pipelines in Brazil’s southeast.
New financing conditions for foreign sales have been approved by the Brazilian Development Bank (BNDES), mostly targeting companies in the USD 28.16-USD 93.87 million per year revenue range.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 186.1 million ton harvest this year in Brazil, down from 209.4 million tons harvested last year.
The Brazilian government authorized the 4th tender for marginal wells, i.e. those where extraction is not profitable for operators, but could be for smaller companies. No date has been set yet.
Financial institutions polled by the Brazilian Central Bank forecast a decline of 3.20% of Brazil’s GDP this year, above last week’s estimate of 3.16%.
Speaking during a trip to China, Brazil’s Finance minister Henrique Meirelles said investments will be made in energy, transportation, roads, airports, etc.
