The increase took place May-on-May. The demand amounted to 76 million cubic metres per day during the month.
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The 13th round for oil and gas exploration blocks is scheduled to take place in June next year. Areas will be offered under concession system.
The products will be 100% Brazilian-made and should hit the market in 2017. The project involves Fiocruz, Instituto Vital Brasil and joint venture Bionovis, formed by Sem, Aché, Hypermarcas and União Química.
Brazilian government launches portal that brings information on how to export, import and invest in Brazil, besides logistic data. Goal is to gather there all the information regarding foreign trade.
Export revenues exceeded imports by US$ 2.365 billion last month. Year-to-date, the trade balance still shows a US$ 2.4 billion deficit.
Brazilian industry sales went from US$ 29.9 million in Q1 last year to US$ 34.3 million in Q1 this year. South America and Africa were the top buying regions.
May’s result was the worst for the month since the beginning of the historic series, in December 2001. In the twelve-month period, primary surplus amounts to 1.52% of the GDP.
For the fifth time straight, financial institutions have revised down their Brazilian economic growth estimates for 2014, to 1.10% to 1.16%.
The BB is launching a sharia-compliant fund in partnership with a Singapore bank. Brazilian companies’ shares will be traded in the Middle East and Asia.
Premium buggies manufactured in the Paraná state capital even have air conditioning. The company began exporting last year, and 70 units should be shipped to the Arab country by the end of 2014.
Country needs a growth rate of such a level to face the economic difficulties in 2015 and 2016, according to the minister of Finance, Hakim Ben Hamouda.
Decrease was caused by smaller contribution of taxes and stimulus packages offered by Brazilian government to companies.
GDP is estimated to grow by 1.6% in 2014. Previous forecast showed an increase of 2%. Smaller growth in agriculture and decline in industry are expected.
Tabita exports to the Emirates and Kuwait. Company manufactures women’s shoes and invests in a mix of design and comfort to increase sales to the Gulf markets.
