Total revenue went down, but the vehicles, trailers, semi-trailers and auto parts maker increased its foreign sales in quarter two of this year. The Middle East’s share in the company’s total sales remained flat.
Browsing: Economy
The funds will be used to support a comprehensive economic reform program that aims to bring down the country’s debt and secure social services.
Pamonha Gourmet exports the frozen product to six European countries. The company directs 30% of its sales to markets abroad and now is in negotiations to enter the Middle East.
Financial institutions polled by the Brazilian Ministry of Finance are expecting the National Treasury, Social Security and Central Bank to run a USD 50.5 billion deficit, up from USD 49.4 billion in the prior forecast.
In a lecture at the Arab Chamber, the sociologist said that Brazil needs to get into international agreements to take part in trade’s new rules. He also pointed out that the window for bilateral agreements is closing.
Retail sales volume went up 0.1% from May to June, according to the Brazilian Institute of Statistics.
In the first week of the month, exports from Brazil were USD 637 million higher than imports, but total amounts imported and exported shrank in comparison with a year ago.
The nine Brazilian airports handling Olympic Games tourists saw an influx of nearly 3 million passengers from July 31 to August 6.
Financial institutions polled by the Brazilian Central Bank believe the economy will shrink by 3.23% this year. The projection is down from 3.24% last week.
In a lecture next Tuesday at the Arab Chamber, Demétrio Magnoli will outline the country’s development perspectives amid a challenging international situation.
The third edition of the Global Islamic Economy Summit is scheduled for October 11 and 12. The event will discuss compliance with Muslim laws in sectors such as finance, foodstuff, tourism and arts.
The sector’s exports to the two Arab destinations declined more than 20% from January to July this year over the same months in 2015, according to data from the sector’s association Abicalçados.
Brazil’s economic contraction grew milder during quarter two this year, its monetary authority said, imputing the shift to increased consumer and business owner confidence.
Foreign sales revenues reached USD 940 million, 24.6% higher than in July 2015. Sales to Arab countries came out to USD 11.65 million, an 86% increase.
