Whoever takes office will need to put Brazil back on growth track. For such, they will need to invest in infrastructure, embrace sustainable development, increase legal safety, cut taxes and make reforms.
Browsing: Economy
The Central Bank has maintained its forecast for the year. In the 12-month period ended August, credit was up 11.1%. The government’s credit incentive measures have prevented further decline.
The member of the World Bank Group is providing a US$ 2 million loan to the Lebanese Association for Development. The amount will be used to expand small business and women-run companies.
The event will take place in October, with backing from the Brazilian Embassy in Beirut. The Levantine Basin boasts potential in oil and gas exploration, but the territory is under dispute.
Brazil’s debt declined for the second straight month due to maturation of bonds. During the period, US$ 1.65 billion were saved, according to the National Treasury Secretariat.
As of 2015, airlines will have to submit data on each passenger disembarking in Brazil. The action is aimed at punishing those who transport values illegally or smuggle drugs, weapons or medicine.
Foreign sales of capital goods dropped in the month, but keep growing year-to-date. The components industry’s performance was one of the main culprits.
Expenditure amounted to US$ 2.354 billion, the highest figure for the month since 1995. Foreign direct investment in Brazil was also an all-time high for August.
The Brazilian Postal Service’s Easy Export system helps small- and medium-sized businesses to export. Saudi Arabia ranks among the top ten destinations of sales made via this service.
Foreign investment should cover approximately 80% of the country‘s current account deficit, according to the head of the Central Bank’s Economic Department, Tulio Maciel.
Watch in this episode: The Egyptian agricultural market; World Cup Project; How to negotiate with Arab countries; an exhibition about Oman; Rio de Janeiro; and Palestine at the Fifa Congress.
Deficit is running at US$ 42 million in the third week of September. In comparison to September 2013, exports declined and imports increased.
The Abu Dhabi-based airline has hired sales representatives in Porto Alegre, Rio Grande do Sul, and in Belo Horizonte, Minas Gerais, to propel its business in the south, north, northeast and midwest of Brazil.
The 2014 growth estimate from financial institutions for Brazil’s economy has been revised down again, this time from 0.33% to 0.30%.
