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.
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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%.
The initiative by the NGO Adus and the Icarabe seeks to assist refugees in the city of São Paulo. Their needs range from furniture to job market insertion.
Negotiations held during the Rio Oil & Gas exhibition were the best since 2004. Brazil’s National Oil Industry Organization superintendent says sector’s demand will be high in the next few years.
The Abu Dhabi-based airline is using the funds to purchase aircraft and invest in companies it holds stakes in.
The tax break may entail import tax exemption for models fuelled by combustion and electrical power. The tax rate will hinge of each vehicle’s energy efficiency.
The forecast concerns the next 12 months and was issued by companies attending the matchmaking event held during exhibition Rio Oil & Gas, in Rio de Janeiro.
The Abu Dhabi-based holding company grossed US$ 4.35 billion in H1 this year. Operations carried out in the period include the acquisition of a stake in Brazil’s Porto Sudeste.
