Technicians from the Fund met with officials from the Brazilian Ministry of Development, Industry and Foreign Trade to go over the impact of the crisis on the country’s trade balance.
Browsing: Economy
Sami Hassuani, the new president of the Brazilian association in the sector, says that foreign sales represent just 10% of their potential. To grow, government support is necessary.
Riyadh’s Radyolla construction company and the government of the African country have signed an agreement to build an oil pipeline and a refinery. The project is expected to bring fuel costs down.
Sales in shopping centres throughout Brazil grew 11% last year as against the previous year.
The benefit applies to stock exchange purchases of stakes in real estate investment funds. The decree was published this Thursday (31st) on Brazil’s Federal Official Gazette.
The Management Council has elected the lawyer and businessman Marcelo Sallum as president of the organization for the next two years, succeeding Salim Schahin.
The deficit in the commercial account resulted in greater outflow of dollars from the Brazilian economy in January, up to the 25th.
The figure concerns investment by 72 federal government-owned enterprises. Petrobras topped the investor list by a landslide.
In 2012, 56.1 million containers were moved by the company, 2.4% more than in 2011. The organisation attributes the growth in operation to movement in the Americas, Asia-Pacific and the Middle East.
In 2012, 57.6 million people crossed the airport, which exceeded Hong Kong in international passenger flow. The forecast is to receive 65.4 million this year.
Abdallah El-Badri, secretary general at the organisation, says that other nations earn more in taxes on sales of oil products than the members earn with exports of crude oil.
According to the minister Fernando Pimentel, the legislation on Export Processing Zones (EPZs) must be reviewed. None of the 30 existing EPZs in Brazil has become operational.
Last year, 1,831 cities in Brazil sold products to foreign countries, up 0.6% from 2011. The number of localities which purchased items from overseas increased by an even higher rate, at 1.8%.
According to the airline, its freighter fleet will increase to 11 units, enabling it to offer additional routes and flexibility to customers.
