Higher production at national fields in Brazil took place in March over the same period in 2013. In comparison to February this year, there has been an increase of 1.4%, or 2.1 million barrels per day.
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The region’s imports of Brazilian products were down by US$ 70 million April-on-April. However, overall, the trade balance showed a US$ 506 million surplus on Brazil’s side.
Financial institutions polled by the Brazilian Central Bank estimate that the country’s GDP will be up 1.63% in 2014. Last week, the projected rate was 1.65%.
Professor at the FGV-SP School of Economics, Claudio Jorge Monteiro, will speak to businessmen about what needs to be considered for an optimal relationship with banks and for raising funds on the equity market.
Auchan operates in 15 countries and will open five commercial centers in the Arab nation. Initiative is a signal of the resumption of the investment.
The company posted R$ 797 million in revenues in Q1 this year. Revenues denominated in US dollars stood at US$ 338 million.
Brazil’s Foreign Trade Chamber has reduced the import tariff on frozen sardine from 10% to 2%, for a quota of 23,000 tonnes until September 30th. Brazil imported 9,500 tonnes from Arab countries year-to-date through March.
From April 1st to 25th, dollar inflows have exceeded outflows by US$ 1.3 billion in Brazil. From January to the same date, the surplus is US$ 3.3 bn.
Value has reached roughly US$ 1.43 billion in March, according to data released by the Treasury. The amount is higher than in the same month in 2013, but is lower than in 2012.
The forecast was issued by the Economic Commission for Latin America and the Caribbean (Eclac). The growth estimate for Brazil’s economy is 2.3%.
According to Finance minister Guido Mantega, in order for the country’s economy to re-enter a desirable cycle, the investment rate must climb to 7% per annum.
Spain’s Bamesa has inaugurated a new unit at the Tangier Free Zone. The facility should process up to 100,000 tonnes per year.
This was the revenue the sector posted last year. There has been an increase of 4.4% over the previous period.
In Q1, the Dubai-based ports operator handled 14.3 million TEUs worldwide. Throughput at proprietary terminals was 6.8 million TEUs.
