The Central Bank received 16,528 statements of Brazilian money invested abroad. The deadline for submission expired in July, but statements may still be submitted by paying a fine.
Browsing: Economy
Brazilian sales to the Arab market totalled US$ 1.1 billion in July against US$ 883 million in the same month in 2009. Purchases of food made for Ramadan influenced the performance.
On Thursday, Sesc Carmo is going to promote festival ‘Muslim Culture and Identity’, to be managed by historian Peter Demant. After the debate, musician Sami Bordokan will play.
The GDP growth estimate for the next few years in Brazil was culled from publication Brazilian Economy in Perspective, issued by the Ministry of Finance.
Sipchem petrochemical company will invest US$ 100 million in ethyl acetate factory. The Brazilian subsidiary of Rhodia will supply technology and ethanol to the plant and sell the production.
The market imports fashion, food and building material above the world average. The conclusion was drawn by a survey of the Arab Brazilian Chamber, which has published new data on its site.
From January to July, sales of the Brazilian product grew by 74% over the same period last year. The Confederation of Hides and Skins Industries expects to end the year with US$ 1.7 bn in exports.
Bank of Brazil and Bradesco have started negotiating to operate in Africa alongside Portuguese institution Banco do Espírito Santo. They established a partnership to look into investing in the region.
In the first week of the month, exports totalled US$ 4.42 billion and imports, US$ 3.47 billion.
Xmune and Olinda Isper came to São Paulo from Lebanon in 1970. In the city, they realized their mother’s dream of having a restaurant and became famous for their kibbehs and tasty Arab dishes.
Der Metropol, a menswear brand from São Paulo, created its spring-summer collection, using Ancient Egyptian elements. The clothing features cats in the prints and golden buttons.
Retail sales in countries in the region and in Africa totalled US$ 2.4 billion last year, representing growth of 8% over 2008. The data were supplied by consultancy Euromonitor.
A bill of the Foreign Trade Board reduced tax on items for the aircraft, computer, telecommunication and capital goods industries.
The optimism of Brazilians increased in July for the third month in a row and reached 116.8 points. There was growth of 1.8% over June. The basis is 100 points, above which expectations are positive.
