Arab Brazilian Chamber chairman Salim Schahin said today that the organisation is working on expanding the interest of Middle Eastern investors in the country, especially in infrastructure.
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Finance minister Guido Mantega said the discrepancy between growth of the GDP and the forecast by the economic team is due to a change in methodology used by the IBGE, which calculates the figure.
The country’s GDP increased over the previous quarter’s and totalled US$ 452 billion, according to Brazilian Statistics Institute data. The best performance was the industry’s, whose output grew 2.9%.
The aviation company believes that there are opportunities both in the executive and commercial areas in the Middle East. Company executives bet on growth of air transport there.
Domestic market revenues for the company should reach US$ 500 million this year, a figure equivalent to 10% of total revenues, as against 4% last year.
Finance minister Guido Mantega announced today the addition of US$ 45 billion to Brazilian Development Bank financing lines, plus fiscal incentives to some sectors and extended stimulus programs.
Brasília – The Brazilian minister of Finance, Guido Mantega, said today (9th) that the growth of the country’s Gross Domestic Product (GDP) in the third quarter, to be announced tomorrow, should be 2%. Mantega stated that in the 12 month period ended in September, the growth rate is 8%. He added that GDP growth in
The Mirabela complex, in Itagibá, should represent growth of 30% in Brazilian nickel production. With the discovery, the state is becoming the second main producer of the ore in the country.
The federal government elaborated a study in which it reviews challenges and presents proposals for promoting the internationalization of Brazilian companies. The document also lists successful cases.
The bus body maker should export the same volume in 2010 as it exported in 2009. The company recently participated in a fair in Iraq and has already sold to three Arab countries.
The charging of the income tax in Brazil and abroad was one of the main complaints of companies attending a seminar held today in São Paulo, as well as red tape and the exchange rate.
According to Renato da Fonseca, of the National Confederation of Industries, foreign trade should bounce back starting next year.
The surplus identified last week was the result of Brazilian exports of US$ 2.618 billion and imports of US$ 2.242 billion.
This was the total of revenues with shipments in November. When compared to October, there was expressive growth in sales to Syria, Iraq, Egypt, Yemen and Bahrain.
