Sixty percent of machinery bought by Brazilian factories is made abroad, according to information disclosed by the Brazilian Machinery Manufacturers Association.
Author: Agência Brasil
Foreign direct investment in Brazil should reach US$ 7 billion in February, according to the Central Bank. This should be the largest inflow into the productive sector in the period.
Brazilians spent US$ 1.7 billion on international travels in January, according to figures disclosed by the Central Bank. This is the highest value since the bank started recording the total, in 1947.
The funds should enter the country over the next four years. BNDES president Luciano Coutinho said that, with this, the level of investment in the country should reach 23% of GDP.
Petrobras started operating in Benin, with the acquisition of half an oil exploration block. The objective is to find light oil.
The price of Brent oil rose 1.75% on Monday morning due to the instability in Libya. It has reached its highest price since the beginning of the economic crisis, in 2008.
In the third week of the month, with five working days, exports totalled US$ 4.542 billion and imports, US$ 3.965 billion.
The Ministry of Tourism hopes to increase the number of foreign tourists visiting Brazil by 30% by 2016, for the Rio de Janeiro Olympic Games.
The company’s Finance and Investor Relations director, Almir Barbassa, said the company needs to collect at least that volume in capital for new investment.
The Foreign Trade board has reduced to 2%, up to June next year, the Import Tax levied on 417 products, from capital goods to telecommunication items.
The profit was 11.7 billion last year. The value is 15.3% greater than the US$ 6 billion obtained in 2009 and is the highest in Bank of Brazil history.
Economic activity grew 7.81% in Brazil last year, according to the index disclosed by the Central Bank.
The institution announced it will grant credit to the government of Rio de Janeiro to finance works on agriculture in the mountain region of the state, which was heavily affected by rains in January.
Real estate financing with funds from savings accounts grew 65% last year and reached a record value, according to the sector association.
