The Brazilian electric energy company invested US$ 4.3 billion up to November. The total should reach US$ 4.8 billion by the end of the year.
Author: Agência Brasil
Brazilian Finance Minister Guido Mantega said that Brazil should consolidate itself as the world’s sixth largest economy, ahead of the UK, and may climb further in future.
A study disclosed by English newspapers shows that Brazil should exceed Great Britain late this year to become one of the largest economic powers.
Cesário Melantonio Neto, the ambassador to Cairo, will become special envoy to the region, including Turkey and Iran, in January. His work will be based on the defence of dialogue.
Once the world’s largest open-air mine, it will be entirely mechanized and explored by the Canadian company Colossus in partnership with a local miners cooperative.
The Bank of Brazil supplied US$ 17 billion in export financing from January until December 15th. The institution is the leading financer of foreign sales in the country.
While discussing next year’s perspectives, Finance minister Guido Mantega said there will be more jobs for the population. The government will work to prevent contagion by the international crisis.
Declining activity and uncertainty stemming from the world economy have caused Brazilian businessmen to revise their outlook for next year downwards.
Micro and small companies in São Paulo should end 2011 with a 3.5% increase in revenues compared with last year, according to a Brazilian Micro and Small Business Support Service (Sebrae) survey.
The bloc’s member countries may raise the import tariffs on 200 different items by up to 35% for products supplied by third-party countries. The Brazilian list should include chemicals.
The Brazilian Finance minister Guido Mantega stated that the government will use the necessary mechanisms to prevent the country’s currency, the real, from appreciating against the dollar again.
Current transactions in Brazil ran a US$ 6.8 billion deficit in November, resulting in a year-to-date deficit of US$ 45.8 billion, according to the Central Bank.
Presidents of Brazil, Argentina, Paraguay and Uruguay will meet next Tuesday (20th) at the Mercosur Summit to discuss increasing the Common External Tariff on a list of 100 to 200 products.
The Brazilian balance of trade went back to a surplus last week, at US$ 542 million, after having run a US$ 731 million deficit in the preceding week.
