The second increase in Financial Operations Tax on fixed income investment by foreigners has led the dollar to climb to 1.695 real this Thursday. The exchange rate was the theme of the G-20 meeting.
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A research by the IBGE shows that tourism grew 22% between 2003 and 2007, as against expansion of 19.3% in the Brazilian economy as a whole in the period.
The National Treasury has raised US$ 657 million through issues of Brazilian foreign debt bonds on the European, North American and Asian markets.
According to data from the Brazilian Institute of Geography and Statistics, the 6.2% unemployment rate recorded in September this year is Brazil’s lowest since records started being kept, in 2002.
This Wednesday, the National Treasury announced the issue of Brazilian foreign debt bonds denominated in real. The offer should be made in the United States and Europe.
At the Brazilian stand in the fair in the Iraqi Kurdistan, no one speaks Kurdish, nor do the Kurds speak English or Portuguese. Still, visitors wait in line to take pictures with the Brazilian flag.
Brazil has increased the IOF tax on foreign capital turned to fixed income investment in the country. The decision aims at containing depreciation of the dollar. Machinery importers approve.
President Luiz Inácio Lula da Silva said today (18) that Petrobras investment will make Brazil into an exporter not just of oil, but of oil products.
Exports totalled US$ 3.018 billion and imports, US$ 3.283 billion. Average surplus per working day was US$ 71.7 million from January 1st until October 17th, 36.9% less than in the same period of 2009.
The previous forecast was 1.75 real to one dollar by December 2010. For late 2011, the forecast remains at 1.80 real to one dollar.
Over the last two years, the number of exhibitors at the multi-sectorial fair in Iraq has more than doubled, rising from 351 in 2007 to 772 in 2009. This year has already seen growth of 20%.
The Brazilian Export and Investment Promotion Agency was named best commercial promotion agency in developing countries by the International Trade Centre (ITC). The prize was awarded in Mexico City.
Named after former president Emílio Garrastazu Médici, the establishment is a relic from the days of the Trans-Amazonian’s construction. Though decadent, it is the best in Pará state’s Rurópolis city.
The size of Brazil and its colony of Arabs and descendents attracted attention at the 3rd Arab Businessmen Federation Forum, held in Beirut and attended by the Arab Brazilian Chamber of Commerce.
