Agência Brasil Rio de Janeiro – The Companhia Vale do Rio Doce reports that it will invest US$1.8 billion this year, an increase of 22.1% over last year. According to the president of the company, Roger Agnelli, 66.2% of the total (US$1.202 billion) will be used to expand operations. He explains that implementing the investment projects
Author: Agência Brasil
Agência Brasil Rio de Janeiro – The president of the Brazilian Development Bank (BNDES), Carlos Lessa, says that the bank is interested in financing the gas industry in the Northeastern region of the country. But he explains that red tape has made it difficult. Under present legislation, government enterprises have been prohibited from contracting debt.
Agência Brasil Geneva – President Luiz Inacio Lula da Silva declared that the matter of Central Bank independence is not under consideration, saying that the question is not an important element in Brazilian monetary policy at the moment. "I have never had a businessman ask about Central Bank independence," said Lula, when journalists asked him
Agência Brasil Geneva (Switzerland) – President Luiz Inácio Lula da Silva declared yesterday in Geneva that his government hopes to increase significantly the nearly US$ 11 billion in direct foreign investments made in 2003. At a meeting with around 200 executives from large international corporations at UN headquarters in Geneva, Lula said that Brazil possesses solid
Agência Brasil Brasília – The new minister of Labor, Ricardo Berzoini, speaking at the National Labor Forum, declared that this year the priorities are reforms of labor laws and union organization. He said he hopes both reforms will be completed by the end of the year. The reforms were begun by former Labor minster, Jacques
Agência Brasil Brasília – The new minister of Labor, Ricardo Berzoini, speaking at the National Labor Forum, declared that this year the priorities are reforms of labor laws and union organization. He said he hopes both reforms will be completed by the end of the year. The reforms were begun by former Labor minster, Jacques
Agência Brasil New Delhi – In a speech to Brazilian and Indian business leaders, president Luiz Inácio Lula da Silva declared: "It is time for Brazilian businessmen to prospect for new markets and get to work on exporting their goods to other places. They should complain less and sell more!" Speaking without notes, Lula said
Agência Brasil Recife – More than 100 Brazilians who recently visited the United States consulate offices in Recife to get a visa for travel to the US have been fingerprinted and photographed with digital equipment as part of a new identification system for travellers. The consulate in Recife is the first in Brazil to adopt
Agência Brasil Brasília/New Delhi – Yesterday, on his third day in India, president Luiz Inacio Lula da Silva opened a seminar entitled: "Brazil-India – Sustainable Development: Perspectives and Possibilities." In his speech, he declared that he did not believe it was possible to grow without an equitable income distribution. Lula pointed out that between 1930 and 1980,
Agência Brasil Brasília – The Brazilian film “Cidade de Deus” (City of God – the name of a housing project in Rio de Janeiro), directed by Fernando Meirelles, has been nominated for Oscars. The film was nominated in four categories: director, adapted screenplay, cinematography and film editing.
