Financial institutions are expecting Brazil’s Gross Domestic Product to be up 2.32% this year. The prior estimate was 2.20%, according to a survey conducted by the Central Bank.
Author: Agência Brasil
To Brazilian industrialists, Roberto Azevêdo, who will assume the post on September 2nd, will work towards an agreement for modernizing customs procedures and eliminating red tape barriers.
The expansion was from 2007 to 2011, according to a research by the IBGE. The sector includes 1.1 million companies, which, together, generate US$ 420 billion in net operating revenues.
The institution plans to disburse from R$ 40 billion (US$ 17 billion) to R$ 45 billion (US$ 19 billion) a year in logistics and energy projects, according to president Luciano Coutinho.
Central Bank study shows that financial institutions in Brazil have reduced their forecast for growth of the Brazilian economy from 2.21% to 2.20%.
The monetary authority renewed sales contracts denominated in US dollars and held an auction to lower the exchange rate 0.78%. By the end of the day the currency was worth R$ 2.43.
The government of Brazil does not plan to interrupt its agreements with the Arab country, despite the worsening of the local crisis. The situation, however, is followed with concern.
The indicator measured by the National Confederation of Industry has risen from 49.9 to 52.5 points. Still, it remains at a low level, according to the organization.
Funds disbursed by the Brazilian Development Bank (BNDES) reached R$ 88.3 billion (US$ 38.4 billion) in the first half of this year. There was growth of 65% over the same period in 2012.
Quarter two net income stood at US$ 2.7 billion according to information released by the oil company. The decline from quarter one was mostly due to exchange rate-related depreciation.
This Friday (9th), the federal government announced the first public consultation for ports lease tenders. The measure covers Santos and five ports in Pará state, which should see R$ 3 bn in investment.
The Brazilian Central Bank governor has announced that from October 1st on, the country will adhere to international norms, as per an agreement entered into with the leading world economies.
The 2012/2013 crop should reach 186.5 million tonnes, according to the Conab. The volume is record and represents growth of 12.1%. The IBGE has also increased its forecast.
The United States currency closed at R$ 2.314 this Wednesday, up 0.65% from Tuesday.
