The auction is taking place in February of next year and concerns contracts with delivery due in 2021. Overall, 1,055 power generation projects have been registered.
Author: Agência Brasil
Projections by financial institutions polled by the Brazilian Central Bank indicate that benchmark rate Selic will not be raised at Monetary Policy Committee meeting this week or in November. The rate is now 14.25%.
For Otaviano Canuto, IMF’s director, labor shortage in some areas could be solved by immigrants.
The sector was one of the least impacted by cuts in financing from the Brazilian Development Bank (BNDES) and should see a 5% increase in loans this year.
Gross value of the sector’s production increased 1.3% from January to September of this year over the same period of last year.
The Brazilian minister of Development said the balance of trade should register a USD 15 billion surplus by the end of 2015, and expects a surplus of double that amount next year.
In a statement this Wednesday (14th), CEO Aldemir Bendine expressed optimism regarding the future of Petrobras. He will improve governance in a bid to restore the image of the state-run oil company.
The loan’s term is ten years and, according to the company, represents an advance of 2016 funding operations.
Financial institutions believe the country’s economy will shrink 2.97% this year. Last week, estimation pointed to a 2.85% drop.
Brazil’s production of cereals, leguminous and oil seeds is expected to reach 210.4 million tons this year, according to estimation released by the institute of statistics.
According to the Brazilian Institute of Geography and Statistics (IBGE), the only Brazilian states in which industrial production increased were Ceará, Santa Catarina, Minas Gerais and Rio de Janeiro.
Production reached 174,000 units in the month, down 19.5% from August this year and 42% from September last year.
The Fund says that the Brazilian economy will shrink even more in 2015. For the organization, the political crisis has an impact in the confidence of business and consumers.
Brazil’s Gross Domestic Product should fall 2.85% this year, according to banks’ estimation, the 12th straight time it shows worse data. Estimation is higher than last week’s, which stood at 2.8%.
