Most of these funds should go to the energy sector, especially exploration and production of oil and gas.
Author: Agência Brasil
According to the Industrial Survey published today by the National Confederation of Industries, the sector’s expected export volume has gone from 53.5 points in February to 54.6 in March.
From March 1st to 19th, the deficit totalled US$ 2.345 billion. The year-to-date deficit is US$ 1.669 billion.
The industry had revenues of US$ 3 billion in February, expansion of 12% over January and 23.5% over February last year.
A survey conducted by the National Confederation of Industries shows that the index has remained stable from February to March. The outlook for the coming months is positive.
The US$ 48 million deficit was the result of imports of US$ 3.464 billion and exports of US$ 3,416 billion.
A survey disclosed today by the Getúlio Vargas Foundation shows that the sector’s growth projection for 2010-2012 is 23.8%, a figure higher than last year’s 2008-2010 forecast, which was 21.2%.
According to the Central Bank’s estimates, the country’s GDP should rise by 5.5% this year. The previous estimate was lower. The forecast for the industry has also improved. It should grow by 8.79%.
São Cristóvão neighbourhood, in Rio de Janeiro, should be reinvented by the state and municipal governments and private enterprises. The idea is to make it a fashion hub for Brazil and abroad.
Soy biofuel may be a source of energy for the 2014 World Cup matches in Brazil. The idea was launched at the senate, during talks about sustainability of the matches.
The find was made after drilling an exploratory in the post salt layer in Sergipe Basin. The volume of oil recoverable is estimated at 15 million barrels.
On his trip to Israel, Brazilian president Luiz Inácio Lula da Silva told businessmen he carries the peace virus. Lula wants to help in the peace process between Israel and Palestine.
It includes products like wheat, vehicles and personal hygiene products. Retaliation was authorised by the WTO in answer to subsidies granted to North American cotton products.
The trade balance surplus was the result of exports of US$ 3.379 billion and imports US$ 2.879 billion.
