Belatriz’s pieces are shipped to Saudi Arabia, Tunisia, Mauritania and Libya. Gold-plated and stones sets are the favorites of customers in the region, which also buys customized pieces.
Browsing: Economy
From January to May, the Brazilian Development Bank (BNDES) disbursed R$ 54.8 billion (US$ 17.7 billion). Infrastructure and industry received the majority of the investments.
The budget to be sent to the president’s approval allocates 49% of public spending to social programs in the 2015/2016 fiscal year that starts in July, and expects a 5% GDP growth.
Several products had their import tax lowered and extended, among them the metal used in the drilling of the pre-salt layer, iron-molybdenum.
An International Monetary Fund delegation says the country is evolving economically and forecasts growth over the next few years, with the caveat that the country must not rely on donations as much.
US dollar outflows from Brazil were higher than inflows by over US$ 1 billion last week, tipping the monthly result to a deficit.
The Brazilian Civil Aviation minister said a program earmarks R$ 7.3 billion investment in increasing local airports from 80 to 270 in the country. The goal is to start floating tenders this year.
The Brazilian minister of Development claims the national export plan should be announced by the end of this month. Simpler customs processing should be one of the measures.
São Paulo-based hair products company Sweet Hair already exported to the UAE and now it has inked distribution deals for Kuwait, Oman and Saudi Arabia. There are plans to break into Lebanon and Morocco too.
Retail sales dropped 0.4% in April over March and 3.5% in comparison to April of last year, according to the statistics institute.
Purchases from neighboring countries could be expanded, according to the executive secretary of the Ministry of Mines and Energy. The level of the hydroelectric plants’ reservoirs declined.
Exports exceed imports by US$ 678 million last week in Brazil, according to the Ministry of Development. Surpluses were also registered in the first two weeks of the month and to date this year.
The estimate for the Extended Consumer Price Index (IPCA) climbed from 8.46% to 8.79% this year, as per a Brazilian Central Bank poll. The projection for next year is 5.5%.
The organization will host a workshop for companies on June 25th. The goal is to show the new system that will eliminate physical procedures in origin certification, reducing lead times and costs.
