Industry association expects output to be up 12% this year. Increased exports and the fact that imported vehicles are being replaced by domestic-made ones have influenced the estimate.
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The money will be deposited and used by the group’s countries to stabilize exchange rates and help them through financial issues. Negotiations for the creation development bank are moving forward.
Qatar, United Arab Emirates and Saudi Arabia are some of the countries with the highest degrees of competitiveness in the world, according to a World Economic Forum survey. Brazil ranks 56th.
Watch in this episode: Minas Láctea Dairy Exhibition, deficit in the Brazilian foreign trade, interview with Vanilsa Pereira, from company IndusParquet, and ecotourism in the Brazilian city of Brotas.
The index which measures the variation in cost of Brazilian products traded abroad was up in August from July, according to the Central Bank.
João Vargens is one of the winners of the Saudi King Abdullah International Award for Translation. The award ceremony will take place on October 21st in São Paulo.
Such is the sum the country’s government fails to collect in trade taxes, according to a survey conducted by the Unctad. The amount would suffice to cover 18% of the public wage bill.
Such is the sum the country’s government fails to collect in trade taxes, according to a survey conducted by the Unctad. The amount would suffice to cover 18% of the public wage bill.
Sector activity declined in July from June, but increased from July 2012, according to a survey conducted by the Brazilian Institute of Geography and Statistics.
The country posted US$ 21.42 billion in foreign sales revenues. Imports stood at US$ 20.2 billion, resulting in a US$ 1.22 billion surplus.
Financial institutions are expecting Brazil’s Gross Domestic Product to be up 2.32% this year. The prior estimate was 2.20%, according to a survey conducted by the Central Bank.
Sales to Arab countries dropped from US$ 1.27 billion year-to-date through July 2012 to US$ 717.4 million in the same period of 2013. The main products shipped abroad are ore, soy and maize.
The US currency closed the week selling for R$ 2.38, despite the Central Bank’s actions. In August, the American currency was up 4.61%.
Finance minister Guido Mantega says Brazil’s gross domestic product, which was up 1.5% in quarter two this year, was fuelled by spending on infrastructure projects.
