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.
Browsing: Economy
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.
Sales from Brazil to the region amounted to a combined US$ 1.2 billion in August, up only 0.76% from August 2013. Imports, on the other hand, soared by 141%.
The United States’ currency sold for R$ 2.35 this Wednesday (17th), following the Federal Reserve’s confirmation that it should wind down economic stimulus measures.
More US dollars entered than left Brazil last week, reversing the negative result recorded in the first week of September.
Demand for credit is up 0.7% in August from July, according to Serasa Experian’s indicator. Year-on-year in August, demand was up 6.2%.
The study notes, however, that undernourishment has declined. Brazil has reached goals and is considered an international role model in fighting hunger.
Confidence is down 7.7 points in September from September last year, according to a survey by the National Confederation of Industry (CNI, in the Portuguese acronym).
