Browsing: Economy

The forecast is in the Focus bulletin, disclosed today (6) by the Central Bank of Brazil. Forecasted Industrial production is expected to grow 11.37%. In 2011, growth should be 5%.

Foreign sales by the industry totalled US$ 159.5 million from January to June this year, representing 15.6% growth over the same period of 2009. Imports have increased as well.

The company submitted a bid to the Exchange Commission for a public offering of 2.174 billion new ordinary shares and 1.585 billion new preferred shares. The funds will finance its investment plan.

A project to promote social inclusion through embroidery turns into a cooperative and awakens to foreign market opportunities. Items produced in Itaperuna, in Rio de Janeiro, are already in Paris.

The director at Sahloul group, Taleb Ali Alrawi, is in São Paulo and wants to import from 20,000 to 25,000 tonnes of sugar a month. The company already buys from Egypt and Dubai, and distributes.

Pedro Bottesi Neto is one of the few Brazilian executives in Arab companies. In Riyadh, Bottesi is the Business Development director at Maaden, the largest Saudi mining company.