Rio de Janeiro – The Brazilian state-owned oil company Petrobras issued a press release yesterday (28th) informing that it ranks among the world’s ten leading companies in terms of added value in the first half. It is the only Brazilian company in the top ten of consultancy firm Ernst & Young’s ranking of the largest
Author: Agência Brasil
President Lula’s term in office ends on December 31st, 2010. He said he plans to launch a new Growth Acceleration Program, for his successor not to have to ‘start from scratch’.
Brasília – Spending by Brazilians on international trips totalled US$ 987 million in June this year, the highest figure since September 2008 (US$ 1.124 billion), when the international financial crisis worsened. The information was disclosed today (27th) by the Brazilian Central Bank. According to the head of the Economic Department of the Central Bank, Altamir
The Brazilian rural credit system is attracting the attention of countries in Europe and the Americas, which are considering implementing similar models.
The Brazilian federal government is going to invest the funds in infrastructure work in the cities that will host matches of the FIFA World Cup 2014.
The Brazilian debenture market grew 167% in the first half compared with the same period last year. The number of operations rose from 1,757 to 4,687, according to figures supplied by the Andima.
The volume of funds reached US$ 209.6 billion last Thursday, the highest level ever, according to the Central Bank of Brazil.
The chairman of the Central Bank of Brazil also said that investment in the country is increasing, and that the country will leave the crisis behind faster than other economies.
The figure resulted from US$ 2.719 billion in exports and US$ 2.08 billion in imports, according to the Brazilian Ministry of Development, Industry and Foreign Trade.
The sum of dollar inflow and outflow in Brazil posted a surplus of more than US$ 1 billion in June. So far this year, the surplus has reached nearly US$ 2 billion, according to the Central Bank.
Brazil exported 132,000 tonnes in June, a sales volume 9% higher than in the same month of last year. Egypt and Algeria are among the leading target markets.
In the first half of the year, 1.44 billion units were sold in Brazil, representing growth of 3% over the same period of last year.
The Central bank of Brazil has reduced the GDP growth forecast for this year from 1.2% to 0.8% in its quarterly forecast.
The index researched by FGV reached 106.4 points in June, the highest level since September last year.
