In the second week of December, exports exceeded imports in US$ 380 million. Results drove a better performance in December but there’s still deficit for the year.
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As per a Central Bank index, Gross Domestic Product (GDP) is down 0.26% in October from September.
A technical mission of the International Monetary Fund said that local authorities made progress in 2014, but warns of the high indebtedness levels, low growth rate and refugee influx.
The United States currency reached R$ 2.651, the highest since April 4th, 2005. The São Paulo stock exchange’s Ibovespa index dropped by 3.73% on Friday.
The period of time during which the documents will remain valid for Brazilians has been lengthened from five to ten years.
The Arab country was chosen again for actions of the sector’s internationalization program, Brazilian Footwear. Abicalçados and Apex renewed the project’s agreement for two more years.
The monetary authority estimates that the exchange rate and the administered prices will keep inflation above the target center, but promises to move carefully when it comes to raising interest rates.
A holding company from Abu Dhabi has purchased the New Scotland Yard building at an auction for US$ 580 million and will convert it into a residential/commercial estate.
A preview of a United Nations report on the global economic scenario forecasts growth of 3.1% in 2015, higher than the 2.6% expected in 2014. The situation has improved, but risks do exist.
The Brazil Lebanon Cultural Centre is hosting the show “Brazilian Sailors at Unifil: at the service of peace on Lebanese waters.” The event runs until January 30th, featuring photos, uniforms, medals and sailing objects.
Conflicts have wrecked part of the country’s infrastructure and affected the performance of non-oil economic sectors. The commodity’s output will be higher than last year.
Watch in this episode: Arab companies at the CPhI South America trade fair; the Apas Fair, a key event for the supermarket industry in Brazil; a lecture by professor Arlene Clemesha about the modern history of the Arab countries; and Rio de Janeiro’s Botanical Gardens.
In the first week of December in Brazil, export revenues have surpassed the value of imports by US$ 398 million. However, the year-to-date deficit is nearing US$ 4 billion.
Cooperation agreement provides practices exchanges among institutions. Sudanese also signed a US$ 70 million loan agreement with an investment fund from Kuwait.
