According to the president of the Vehicle Manufacturers Association, Jackson Schneider, sales in Brazil are partly making up for reduced exports, and the scenario should persist in the near future.
Author: Agência Brasil
The figure was the result of US$ 3.274 billion in exports and US$ 2.339 billion in imports. So far this year, the country is running a surplus of US$ 17.848 billion.
This is the opinion of Agriculture minister Reinhold Stephanes, to whom the picture has evolved much since late last year, when the crisis hit the sector and generated negative expectations.
The figure was recorded by the Brazilian state-owned oil company in the second quarter, and represents growth of nearly 600% over the same period last year. The result reflects growth in production.
According to a study disclosed by the National Food Supply Company (Conab), the 2008/2009 crop should be 134.49 million tonnes.
The bank was responsible for 44% of the financing contracts in June. The business volume reached US$ 1.3 billion, 28% more than in May.
According to a study by the Federation of Industries of the state, the funds should be invested over the next three years in the areas of energy, infrastructure and industry.
The oil company is going to spend the funds in universities and research institutes in order to turn the Brazilian energy sector technology cluster into one of the best equipped in the world.
Brasília – The international financial crisis put a brake on the expansion of Brazilian companies’ investment in the foreign productive sector. Figures supplied by the Brazilian Central Bank show that, from January to June, net return on funds invested outside of the country totalled US$ 1.798 billion. The figures also show that the majority of
Rio de Janeiro – Brazilian industry grew 0.2% in June when compared to May, the sixth positive rate running. The relative result in the first half of the year, however, shows the worst result since the beginning of the recording of the Monthly Physical Industrial Production Research, in 1975. In the first six months of
The figure resulted from US$ 14 billion in exports and US$ 11 billion in imports. So far this year, the surplus is US$ 17 billion.
The auction will take place in August and aims to meet the goal of mixing 4% of the biofuel into regular diesel. The national output needs to rise from 1.2 billion litres to 1.8 billion.
Brazil received over US$ 3.5 billion in foreign direct investment for production of oil products and biofuels, in a period of two and a half years.
The increase took place in the first six months of 2009, in comparison with the same period last year. Investment totalled US$ 15.6 billion this year, as against US$ 10.5 billion in 2008.
