The auto manufacturer’s branch in Brazil is going to receive US$ 696 million to develop less pollutant lorries and engines.
Author: Agência Brasil
It was the lowest growth rate since 2004, according to a survey conducted by Serasa Experian. There was recovery in the second half, but performance was hampered by the international financial crisis.
The country returns to being a member this year, for a period of 24 months, replacing Costa Rica. The first meeting takes place this week.
The figure is a record high and exceeded the reserves recorded in late 2008 by more than US$ 32 billion, according to the Brazilian Central Bank.
The information was taken from a survey held by the Federation of Commerce of the State of São Paulo (Fecomercio). The index grew 1.3% from November to December and 22.2% compared with December 2008.
The vice president of the Brazilian Foreign Trade Association, José Augusto de Castro, said the trade surplus of almost US$ 25 billion was good, when recalling the international financial crisis.
The difference between the Brazilian inflow and outflow of dollars totalled US$ 2.152 billion up to December 24th. The performance was boosted mainly by financial transactions.
Funds saved by the Government of Brazil for debt interest payment reached US$ 7.3 bn this month, against US$ 7.9 bn in October. This year, the country accumulates a nominal deficit of US$ 52 billion.
According to an FGV research, in December the confidence index reached its highest level since July 2008. In January 2009, it had dropped to the second lowest level in history.
Up to 2011, the state should be producing enough energy to supply a city of 200,000 inhabitants. The wind farm will include 15 towers with heights of 145 metres and should produce 30 MW of energy.
The volume of credit operations reached some US$ 805 billion in late November, an increase of 1.5% in comparison with October and 15% over the last 12 months.
The expectation is by the Brazilian Foreign Trade Association, which also forecasts an increase of 24% in imports and a reduction of 49% in the trade balance surplus.
The forecasted growth for the Brazilian GDP has been expanded from 5% to 5.08%. The percentage of industrial production rose from 7.11% to 8%. The estimates are in the Focus bulletin.
The greater Brazilian consumption in 2010 considers growth of 0.5% this year and 6% next year.
