This is the estimate of Brazilian companies participating in business roundtables in Saudi Arabia and the Emirates. Development minister Fernando Pimentel is yet to have meetings in Riyadh.
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King Faisal International Foundation recognised, in its annual award, the work by two Saudi, two Egyptian and three North American students.
The regional manager for Latin America, Antonio Bandeira, and the Sales Manager for Brazil, Renato Hagopian, visited the Arab Brazilian Chamber of Commerce offices on Thursday.
Marcos Jank, chairman of Brazil’s sugarcane industry union, should present perspectives for the sugar and alcohol sector. The event should take place on March 1st, at the Arab Brazilian Chamber.
The Economic Activity Index, measured by the Central Bank, shows that Brazilian economic activity grew 2.79% last year.
Country received US$ 66.7 billion in foreign direct investment in 2011. The crisis in Europe should maintain the level high, but competition with other emerging nations may take funds to other places.
According to the Finance Ministry, the US$ 32 billion cut in the federal budget this year should help comply with the primary surplus.
The inflow and outflow of dollars was US$ 7.6 billion positive up to February 10th, according to the Central Bank.
Specialists say average growth of 4.8% until 2014, estimated by the government of Brazil for the country’s economy, is hard to reach in the current global conjecture and due to the high country cost.
According to the ministry of Communications, the government is evaluating whether the restriction of foreign capital in communication vehicles may also be applied to news sites.
América Latina Logística should invest US$ 464 million this year, according to a press statement disclosed by the company. Part of the funds should conclude Alto Araguaia-Rondonópolis railroad.
Representatives at the organisation met with Algerian associations to discuss agreements and foster trade between Brazil and the Arab country.
The surplus obtained in the second week of the month reached US$ 1.155 billion. Between February 6th and 12th, the country exported US$ 5.087 billion, with greater sales in all product categories.
The European crisis should reduce the economic growth of Africa by 1.3% in 2012. The World Bank states that the continent should not have such losses if it had developed regional trade.
