Browsing: Economy

Foreign sales by Brazilian automakers totalled US$ 5.73 billion in the first half, representing an increase over 2009. The industry, however, has not attained 2008 levels yet.

Following the lead of Brazilian construction companies operating in the continent, domestic products of all kinds are being sold. The main obstacle is obtaining financing in order to do business.

The IMF has revised its growth forecast for Brazil this year upward. According to the Fund, the Brazilian economy should grow by 7.1%, representing a 1.6% increase over the previous forecast.

Located in the interior of the Piauí state, the city of Floriano was born and grew under Arab influence. Arab presence left a strong heritage, ranging from the municipality’s cuisine to its folklore.