The minister of Development, Industry and Foreign Trade, Fernando Pimentel, said that incentive measures will be announced on Wednesday.
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The Arab country was the eight main destination for exports of these companies from January to May this year. But sales to the Saudis, like exports in general, dropped in comparison with 2011.
The Brazilian balance of trade showed a US$ 119 million deficit last week, as a result of US$ 4.075 billion in exports and US$ 4.19 billion in imports.
The company will boost its production capacity for the biofuel in Brazil until 2016. Projects already underway will get part of the funds.
The fund transfer was authorized by the Ministry of Finance. Treasury transfers to banks are expected to amount to US$ 22.1 billion this year.
In Brazil, dollar inflow exceeded the outflow by US$ 995 million from the 1st to 20th.
Enterprises with overseas investment posted US$ 3.47 billion in profits and dividends in first five months of this year. The figure is much higher than the US$ 600 million in the same period of 2011.
Consumption in foreign trips reached a record in May, according to information supplied by the Central Bank, at US$ 1.8 billion.
Agreement enables users of customer loyalty programs Smiles and Privilege Club to gain miles on flights of the two companies.
Organization of the Petroleum Exporting Countries Fund will turn US$ 66 million for the economic development of 34 countries, most in Africa. Mauritania will have resources for solar energy.
Dollar inflow in Brazil exceeded the outflow by US$ 516 million from the 1st to the 15th this month.
Industry businessmen were the least confident in June according to a survey conducted by the National Confederation of industry. The index, however, is still regarded as positive.
During a debate in São Paulo this Tuesday (19th), Alexandre Tombini disclosed the institution’s growth estimate for the Brazilian economy in the fourth quarter of the year.
Brazilian foreign sales reached US$ 5.05 billion, a 0.8% increase compared with the other weeks this month, based on daily average figures.
