US dollar outflows from Brazil were higher than inflows by over US$ 1 billion last week, tipping the monthly result to a deficit.
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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.
There was a significant increase in foreign sales of products such as sugar, frozen beef and soybeans. The performance comes as Arab countries build inventories for the Ramadan.
Sales of Brazilian shoes abroad declined in the first five months of the year and in May alone. Among the Arabs, UAE was the top buyer.
In partnership with other companies, extraction reached 726,000 oil barrels per day in May. In total, however, production was lower than in April.
The launching of the 13th round happens in July, but the bidding process will only take place in August. In all, 266 exploration blocks will be offered.
Opt-Liss, a São Paulo state-based company exports its professional-use products to Libya, the UAE, Kuwait, and Saudi Arabia. These countries combined buy 40% of the company’s production.
