Exports to Egypt and Russia increased and helped sector sales revenue surge by 24.3% from the same period last year. Exported volume was up 19.1% from September 2013.
Author: From the Newsroom
The negative foreign trade balance stemmed from US$ 19.617 billion in exports and US$ 20.556 billion in imports.
The foreign exchange flow showed a US$ 3.5 billion surplus in September, according to the Brazilian Central Bank. Year-to-date through September 26th, a US$ 2.86 billion surplus was recorded.
Brazil’s leading mobile network operators have acquired batches for offering the service across the entire national territory. No bids were placed for two batches.
Brazil’s Finance minister Guido Mantega has announced that tax credits will be given to manufactured goods exporting companies as of October. The goal is to increase foreign sales.
Technicians from the International Monetary Fund claim the country is doing well economically, but must reduce dependency on oil and cut spending.
Six enterprises from Bahrain, Saudi Arabia and Emirates are in the World Economic Forum’s community of global growth companies, i.e. businesses that have exhibited above-average performance.
In a speech at the United Nations General Assembly, Hassam Sheik Mohamud said that drought, high food prices and lack of security are affecting over three million people.
According to a report released by the UNHCR, the two countries were the main issuers of asylum seekers to industrialized countries in the first half of the year, when the number of refugee status requests rose by 24%.
The member of the World Bank Group is providing a US$ 2 million loan to the Lebanese Association for Development. The amount will be used to expand small business and women-run companies.
The event will take place in October, with backing from the Brazilian Embassy in Beirut. The Levantine Basin boasts potential in oil and gas exploration, but the territory is under dispute.
Brazil’s debt declined for the second straight month due to maturation of bonds. During the period, US$ 1.65 billion were saved, according to the National Treasury Secretariat.
Foreign sales of capital goods dropped in the month, but keep growing year-to-date. The components industry’s performance was one of the main culprits.
The secretary of International Agribusiness Relations at Brazil’s Agriculture Ministry hopes that by the end of 2014, Saudi Arabia and Japan will resume importing bovine meat from Brazil.
