The bus maker has set up a joint venture with the Egyptian GB Auto to produce buses in the Arab country. Investment should total US$ 50 million and production should begin in July next year.
Browsing: Economy
Brazil posted revenues of US$ 166 million from sales of iron ore to the Arab market in May. Saudi Arabia and Bahrain were the leading buyers.
Brasília – The Brazilian Central Bank maintained its growth projection for the Gross Domestic Product (GDP) at 4.8%, this year. The estimate was taken from the Quarterly Inflation Report, disclosed today (25th) by the Central Bank. The previous report had been issued in March. The projection is made based on the assumption that the basic
The information was taken from the PIA-Product survey, disclosed today by the Brazilian Institute for Geography and Statistics (IBGE). Next come the auto, meats, mining and steel industries.
According to data supplied by the Brazilian Franchising Association, 11% of franchised brands in the country are foreign. There are 1,197 franchise networks in Brazil.
Owned by group Paquetá, the brand has two outlets in Egypt and should have another before the year ends. In the Middle East, 30 stores will be established in five years.
The Brazilian state-owned oil company launched the initiative yesterday (23rd), aiming to spread best practices in planning, construction engineering and installations assembly.
Clothing and accessories by Turma da Mel, which owns a factory in the city of Muriaé, will soon be available from a multi-brand store in Australia. In Brazil, the brand owns seven exclusive stores.
The expansion was recorded in the accumulated result for the year until May. Brazil imported 435,800 tonnes of the product during the period.
Brasília – Brazil posted a trade surplus (positive balance) of US$ 346 million in the third week of June. Foreign sales reached US$ 4.097 billion and imports totalled US$ 3.751. In the accumulated result for the month so far, trade surplus stands at US$ 1.5 billion, and in the accumulated result for the year, US$
The brand started making passenger vehicles in the country in September 1997, with an initial output of 15,000 units per year. Current annual production capacity is 137,600 units.
A total of 1.9 million tonnes of laminated and long steel were sold during the month, growth of 13% in comparison with the same period in 2007.
Brasília – The balance of financial and commercial transactions between Brazil and foreign countries posted a surplus of US$ 892 million in the month of June so far, after 10 business days, according to preliminary figures disclosed today (18th) by the Brazilian Central Bank. During the same period last year, the result was 88.5% higher
São Paulo – Purchase and sale exchange operations by the Bank of Brazil totalled nearly US$ 4 billion in the month of April, according to information disclosed by the press office at the banking institution. Financial exchange operations include orders of payment to and from foreign countries, and are conducted at 4,000 branches of Bank
