The statement was made by the Brazilian minister of Finance, Guido Mantega. According to him, the country will continue to grow, and will have its lowest unemployment ever in 2010.
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Such is the total of dividends state-owned companies should pay to the government. Bank of Brazil, the Development and Federal Savings banks, the Post Office, Eletrobras and Petrobras account for 97%.
The outward flow of dollars from the country was greater than the inflow up to the 11th, according to the Central Bank. The deficit totals US$ 1.776 billion this month.
The Oil Libya Holding Company wants to buy Shell’s oil distribution activities in 21 African countries. The company is willing to invest US$ 2 billion for the deal to be closed.
The US$ 166 million deficit resulted from US$ 3.767 billion in exports and US$ 3.993 billion in imports.
Micro and small enterprises in the state account for 37.3% of the segment’s exports in Brazil. The diversity and high added value of products help the state to stand out.
Brazilian companies may enrol up until the end of the month for the second edition of Who’s Next & Premiere Classe in Dubai. The event is attended by buyers from all over the Middle East.
The structure is 267 kilometres long and cost 1.28 billion Brazilian reals (US$ 704 million). It will supply the Steel Valley and two thermoelectric plants.
The Medical Office for Medical Equipments, in Jeddah, bought two dentistry devices from the producer from Santa Catarina. This is the seventh sale by the company to an Arab importer.
The news story is ‘A new diet for the crop,’ by ANBA journalist Isaura Daniel, is a finalist in the internet category of the Massey Ferguson Journalism Prize. The winners will be announced in August.
The minister of Development, Industry and Foreign Trade, Miguel Jorge, said that the elevation of the benchmark interest rate (Selic) to 10.25% a year should not affect the trade balance.
Brazil is highlighted as an oil producer in the US Energy Information Administration report. The country leads in growth outside the OPEC. The expansion volume is close to that of Saudi Arabia’s.
Stylist Jorge Bischoff started exporting to a Saudi retail chain this year. In July, the importer should come to Brazil for a new order. Innovation and elegance are brand characteristics.
Revenues from shipments to the region totalled US$ 984.7 million in May, representing growth of 25.7% over the same month of last year. From January to May, sales total nearly US$ 4 billion.
