Browsing: Economy

The country has lost three positions in a global ranking of competitive countries, and stands at 54th out of 60 countries surveyed. The main contributing factor was reduced efficiency of enterprises.

Contract signed by Brazil’s state-owned aircraft maker and Air Force concerns the government’s purchase of 28 KC-390 military aircraft. President Rousseff and São Paulo state governor Alckmin attended the inauguration of a hangar.

Sales from Brazil declined year-to-date through April this year from the same period in 2013, to US$ 4 billion. Good news include higher shipped volume for meats year-to-date and for ore in April.

Watch in this episode: A campaign raised more than R$ 100,000 for Palestinian refugees; an exhibition about Oman at the Copacabana Palace hotel; the agribusiness fair Cotrijal 2014; and a visit to Salvador, Bahia.

In the third week of May, exports surpassed imports by US$ 563 million. In the first and second week, gains were US$ 226 million. Year-to-date, however, the result shows a deficit of US$ 4.777 billion.

According to figures compiled by the Brazilian Statistics Institute and issued by an industry association, clothes production increased in Brazil in Q1 this year, but textile output was down.

Brazil’s state-owned oil company Petrobras had an all-time high output, exceeding 470,000 barrels per day month-to-date until May 11th. Production originated from 24 wells.