Browsing: Economy

Brazil’s Development Ministry and National Federation of Industry have entered into a cooperation deal to work in tandem to attract productive investments into the country.

In a concerted effort with Russia and Venezuela, the two Arab countries have pledged to keep production at January levels to prevent prices from diving further. The goal, however, is not to drive prices up.

Banking institutions are expecting prices to go up 7.61% this year in Brazil, according to a Brazilian Central Bank poll. The estimate has been changed upward for the seventh straight time.

Rio Grande do Sul state native Lisiane Haddad cooks dishes for events such as dinners, engagement and cocktail parties. She also owns a restaurant, a snack bar and supplies food to Brazil’s navy in the Arab country.

The International Monetary Fund acknowledges that local authorities have succeeded in preventing a high budget deficit, but claims the conflict with Israel and slumping donations hamper development.