According to an FGV research, in December the confidence index reached its highest level since July 2008. In January 2009, it had dropped to the second lowest level in history.
Browsing: Economy
Listed companies ended the year with an aggregate value of US$ 1.224 trillion, expansion of 130% over December 2008.
The volume of credit operations reached some US$ 805 billion in late November, an increase of 1.5% in comparison with October and 15% over the last 12 months.
The expectation is by the Brazilian Foreign Trade Association, which also forecasts an increase of 24% in imports and a reduction of 49% in the trade balance surplus.
The forecasted growth for the Brazilian GDP has been expanded from 5% to 5.08%. The percentage of industrial production rose from 7.11% to 8%. The estimates are in the Focus bulletin.
The greater Brazilian consumption in 2010 considers growth of 0.5% this year and 6% next year.
The 2nd Latin America Mid-East Investors Forum (LA-MEIF) will take place in the United Arab Emirates, in April, with participation of companies based in the Gulf, Egypt and Jordan.
Survey conducted among 3,100 expatriates elected the Arab country as the best place for foreigners to adapt to.
Since it went into force in Brazil, in July this year, the amnesty law for illegal immigrants has benefited over 37,000 people. The Lebanese are sixth in the ranking.
Sonangol participated in tenders, and next year it will sign agreements to drill for petroleum in Iraq. Reserves in the area that the company will operate in are estimated at over 1 billion barrels.
Company Baumann-Travel is promoting the participation of Brazilian healthcare professionals at Arab Health, due January in Dubai. The group will count on the guidance of a plastic surgeon.
In January, the Arab country will host the second edition of Aeroexpo Marrakech, an international exhibition for the aviation industry and services. The event should receive around 40,000 visitors.
Petrobras, its subsidiary Petrobras Biofuels, and Petrochina are going to look into the possibility of producing ethanol together in Brazil to supply the Chinese market.
The Central Bank’s projection for 2010 was disclosed on the Inflation Report today (22). Works of the Growth Acceleration Program, civil construction and extraction industry are the highlights.
