The oil company’s production declined in July compared with the previous month and reached 2.57 million barrels of oil equivalent per day, in Brazil and abroad.
Browsing: Economy
Women from the tourist city of Bonito work on handicraft inspired on the nature that surrounds them. They range from towels to handbags embroidered with fish and plants. They already export to Europe.
Despite the 2010 GDP growth having been ‘Chinese’, the country cannot develop in a sustainable manner and improve quality of life for its population. The Israeli blockade is the reason.
The country received US$ 38.5 billion in investment from January to July. Last month alone, the total was almost US$ 6 billion.
The International Monetary Fund praised economic policies of local authorities which resulted, for example, in economic growth, but warned against high unemployment rates among youths.
Expenditure hit US$ 2.2 billion in July and has already reached US$ 2.28 billion this month, according to the Central Bank.
The result is higher than the Central Bank’s projection, which was US$ 2.9 billion. Year-to-date, the account runs a deficit of nearly US$ 30 billion.
Cecilia Bicca Paetzelt has been living in the emirate since 2007 and has just entered a new office. ‘I am available to guide foreign companies interested in investing in Brazil,’ she said.
Inframérica, comprising Brazil’s Engevix and Argentina’s Corporacion América, won the concession auction for the São Gonçalo de Amarante terminal, the first to be awarded by the federal government.
Brazilian exports have exceeded imports by US$ 877 million during the third week of August, according to the Ministry of Development, Industry and Foreign Trade.
The unit the Brazilian food sector company aims to set up in the Emirates will use local labour, but raw material will be imported from Brazil. The company may develop specific brands for the region.
According to the Central Bank, foreign reserves of Brazil grew 20.7% last year and expanded 22.18% this year up to Thursday (18).
The Ministry of Agriculture issued a normative instruction for sales of sardines, imported or domestic, in the country, and for exports as well. Brazil does trade in this area with the Arab world.
The Brazilian president stated that the country is capable of protecting itself of international economic turbulence, which mostly affects Europe and the United States.
