A US$ 10-million project will see the construction of a cold room with capacity to store 40,000 tonnes of products. The structure will benefit Moroccan exporters of fruit, vegetables and seafood.
Browsing: Economy
Brazil’s monetary authority is taking actions designed to increase the amount of funds available in the country. Changes in banks’ compulsory deposits will cause more money to circulate.
The fund has revised down its growth estimate for the world economy by 0.3% for 2014. Q1 performance fell short of expectations. Projections for Brazil and the Middle East have been reduced.
The country climbed from the 80th to the 79th position in the United Nations’ global human development report, with a 0.744 score. The index ranges from zero to 1.
Brazilian National Treasure issued and repurchased external dollar-denominated debt bonds. Out of the total acquired, US$ 3.5 billion came from European and North American markets and US$ 50 million from the Asian one.
The airline has purchased a used unit of the ERJ-145 model to use in flights to African capitals. The Brazilian aircraft manufacturer has delivered over 50 planes in Arab countries.
The country ranks among the world’s ten most inviting countries to investment in the sector, according to a survey by Ernst & Young. It has climbed two positions in the ranking.
Amount is the sum of sector transactions in the first half of the year. In Q2, business yielded 14% less than in Q1.
The balance is related to the month of July by the 18th. Last week’s result was positive by US$ 1.3 billion, but it was not enough to change the month’s outlook.
The Ministry of Planning lowered from 2.5% to 1.8% the Brazilian economy growth forecast this year. Inflation rate projection, however, has increased.
The reduction of the value allowed to enter Brazil tax-free did not even become effective before the government reversed its decision. The quota would be lowered to US$ 150, but will remain at US$ 300.
The coordinator of Fundação Santo André’s Latin American Studies Centre, Marcelo Buzetto, is speaking at the Syrian Arab Culture Centre this Tuesday evening. Admittance is free.
Export value exceeded US$ 14 billion to date in July. The balance of trade shows a US$ 497 million surplus month-to-date.
Financial organizations analysts revised down the Brazilian economic growth forecast for 2014 for the eighth consecutive week. It has been moved from 1.05% last week to 0.97% in the current week.
