The Arab billionaire’s Orascom TMT has put forward an alternative debt restructuring plan for the Brazilian telecommunications company.
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Brazilian exports reached USD 8.785 billion in December’s first three weeks, while imports totalled USD 7.057 billion.
Financial institutions expect the Brazilian economy to grow 0.58% next year. Last week’s forecast had the growth at 0.70%.
Samba, from Minas Gerais, will manage hotel Bossa Nova Beirut, set to open next year in the capital of Lebanon. A company executive is seeking for new opportunities in the Middle East.
Brazil in Lebanon Friendship Group comprises 62 women who organize events and carry out assistance work in the Arab country. They work with Lebanese females to help out at schools, nursing homes and orphanages.
The country registered a net inflow of USD 2 billion from January to November, down 28% from the comparable period in 2015.
An indicator compiled by organizations IBRE/FGV and TCB edged up in November from October to 100.2 points. It anticipates short-term economic trends.
This Friday (16) saw the hydroelectric plant reach 98.63 million MWh. It is now close to matching the world record, which belongs to China’s Three Gorges Dam.
A survey conducted by Brazil’s National Federation of Trade in Goods, Services and Tourism shows the index climbing 2.6% in December from November due to the year-end holidays.
Sales from Brazil to the region totaled USD 935 million last month. The highlights were the shipments of sugar, iron ore, auto, iron and steel pipes and fresh meat.
The region purchased 127,900 sqm of the product in the first eleven months of this year, down 19.6% from year-ago levels. Tunisia was the biggest buyer; Lebanon, Morocco and Egypt were the other importers.
The increase took place in November over October. In comparison to the same month of 2015 there was a decline of 33.4% in these sales, according to the sector’s association.
Activity slowed down in Brazil as against September levels according to a survey by the Brazilian Institute of Geography and Statistics (IBGE). It was the third straight month-on-month drop.
Measures by the Development Bank aim to facilitate, expand and streamline access to credit by micro, small and medium-size businesses.
