Agência Brasil São Paulo – The president of the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econômico e Social, BNDES), Carlos Lessa, reports that the institution will approve a new line of credit for corporate working capital by next week. The amount involved should be over US$826 million (R$2.5 billion). The funding will be available
Author: Alexandre Rocha
From the Newsroom São Paulo – The Brazilian soccer team, coached by Carlos Alberto Parreira, plays today (21) at 21:45 Brasilia time, in Lima, Peru. They will play against Uruguay in the America Cup semifinals. The winner will play Argentina on Sunday (25) in the finals. The Argentine team beat Colombia yesterday (20) 3 to
Agência Brasil Brasília – This Sunday Brazilian president Luiz Inacio Lula da Silva embarks on his third trip to Africa. He will spend five days there, visiting São Tomé and Principe, Gabon and Cabo Verde. São Tomé and Principe, and Cabo Verde are Portuguese-speaking nations that already have strong ties with Brazil. Gabon, once a
Agência Brasil Fortaleza – A presidential decree signed on Monday (19) authorizes the Brazilian Air Force to shoot down aircraft being used to transport illegal drugs. In acordance with the law, before shooting down any aircraft a sequential procedure consisting of eight measures must be carefully followed. The measures go from identification to warnings to attempts
Revenues totalled US$ 1.285 billion, or 69% of all Brazil shipped to the region in the same period. The main destinations were Saudi Arabia, Egypt, the United Arab Emirates, Morocco, Algeria, and Syria. Among the products most sold are sugar, chicken, cattle beef, wheat, soy, and coffee.
The sector registered a US$ 16 billion surplus in the first half. The surplus of the entire trade balance totalled US$ 15 billion in the period. The National Confederation of Agriculture and Livestock (CNA) believes that the sector surplus should reach US$ 30 billion by the end of the year. However, positive foreign trade figures alone do not guarantee country development.
Agência Brasil Brasília – The Brazilian agribusiness sector should export goods worth a total US$35 billion in 2004, according to projections by the Agricultural Confederation (CNA). If that really happens, it will mean an increase of US$5 billion over last year. In the first half of this year, sector exports reached US$18.4 billion, up 36%
Agência Brasil Brasília – Brazilian exports of sugar may get a boost following the decision by the European Commission to reduce its subsidies on sugar gradually. The EU faces a number of complaints at the World Trade Organization as a result of its agricultural subsidies. According to the Brazilian minister of Agriculture, Roberto Rodrigues, the
Agência Brasil Rio – Brazilian industrial production closed out the first six months of 2004 with record growth of 6.5%. For the last 12 months, growth reached 2.8%, according to the government statistical bureau (IBGE). May industrial output growth, compared to April, was 2.2%. That was the third consecutive month of growth. The IBGE reports
