The Brazilian National Treasury secretary said this should be roughly the federal government’s deficit in 2015.
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According to Fundação Getulio Vargas, confidence in the sector improved, from 66 points in September to 67.5 points in October, but it’s still the second lowest of the historical series of the survey.
Decline of revenues is the reason for the country not to reach a surplus of 0.15% of the Gross Domestic Product (GDP) this year.
The embassy of the Arab country will have a stand at the third edition of Feafro, an event designed to promote African exports and culture, set to run from October 29th to 31st.
The Brazilian aircraft maker reported USD 99.8 million in losses in Q3, down from nearly BRL 400 million in net income in Q2.
Dresses by Helo Rocha are now on sale at five countries across the Middle East. Lebanon is the top destination for the brand, which is now looking to break into Saudi Arabia and Qatar.
The CEO of Banco do Brasil said that alongside other banking institutions, the bank will finance bids by hydroelectric plants. The bidding is slated to begin in early November.
Exports overcame imports in USD 102 million last week. Year-to-date, the trade balance has a USD 11.128 billion surplus.
Respondents of a survey conducted by the Brazilian Central Bank among poll Brazilian financial institutions estimate the economy will contract by 3.02% this year. This is the 15th straight downward revision.
Amer Masarani, of the Oasis Solidário association, will discuss the situation of refugees in Brazil next Wednesday (28th), during the International Relations Week at Faculdades Integradas Rio Branco.
Weak economic activity was responsible for the decline of 4.12% in tax collection and social contributions in September, to USD 24.43 billion, over the same month of last year.
The rise of the US dollar relative to Brazil’s real inhibited expenditures in foreign currency, causing them to plummet in September. A USD 3 billion current account deficit was registered in the month.
The company from Santa Catarina sells to Saudi Arabia the type of towels to be used in the gym. The products are custom made and, in a year, account to 2% of the shipments sent abroad by the company.
The US currency closed at BRL 3.908, down 0.9% from a day earlier, but it has appreciated by 47% to date this year.
