Browsing: Economy

Brazil earned US$ 1.79 million from leather exports to the League of Arab States in 2006, surpassing the US$ 1 million revenue in 2005. Businessmen in the sector believe that sales to the region in 2007 should continue growing, since industries intend to seek alternative, less traditional markets, as is the case with Arab nations.

Alexandre Rocha, special envoy* Rio de Janeiro – The presidents of Brazil, Luiz Inácio Lula da Silva, and of Venezuela, Hugo Chávez, signed today (18), during the Mercosur Summit, a statement concerning the first construction phase of the Gas Pipeline of the South. According to the document, the first section will link Güiria, in Venezuela,

Agência Brasil* Brasília – Petrobras, the Brazilian oil company, will introduce today (16) in Brasília (the capital of Brazil) the Petrobras Cultural Program (PPC), for public selection of projects for sponsorship. The program has a total budget R$ 80 million (US$ 37,3 million), of which R$ 60 million (US$ 28 million) will be turned to

The average price of Brazilian shoes increased from US$ 9.98, between January and November 2005, to US$ 10.32 during the same months last year. Yesterday, during the opening of the Couromoda trade show for the shoe sector, Brazilian Minister of Development Luiz Fernando Furlan praised the quest for design and quality promoted by shoe factories in Brazil.

From the Newsroom* São Paulo – One of the largest chains of bookshops in Brazil, Livraria Nobel, plans to open four new franchises abroad in the first quarter of 2007. The new units should be opened in Mexico, Angola and Spain. The bookshop already has five shops in Portugal and five in Spain. According to

From the Newsroom* São Paulo – One of the largest chains of bookshops in Brazil, Livraria Nobel, plans to open four new franchises abroad in the first quarter of 2007. The new units should be opened in Mexico, Angola and Spain. The bookshop already has five shops in Portugal and five in Spain. According to

Agência Brasil* Brasília – During the second week of January, the Brazilian trade balance recorded a US$ 360 million surplus (exports minus imports), according to a release published today (15) by the Ministry of Development, Industry and Foreign Trade. The accumulated surplus for the month amounted to US$ 977 million. The surplus achieved last week

Isaura Daniel* São Paulo – Although the volume is still low, the Arab countries have increased their investment in Brazil. Between January and November last year, they invested US$ 3.45 million in the country, according to figures supplied by the Brazilian Central Bank. The value is 118% greater than the total invested in 2005, which

Brazil imported US$ 1.78 billion in medical-hospital equipment during the first eleven months of 2006. The value is 11.8% greater than the total purchased in the whole of the previous year, according to a study by Abimed, the association that brings together importers in the sector.

Fashion Business, a business event that takes place in the sidelines of the Fashion Rio, is going to bring together international buyers from over 15 countries. With the objective of promoting autumn-winter fashion, around 200 exhibitors participated in the event. The parades begin on Sunday in Rio de Janeiro.

The city of Monte Sião is in the southeastern Brazilian state of Minas Gerais and has become famous in Brazil for its production of knitted products. In March the sales season begins, and the high point is a fair in April. Monte Sião has a capacity for production of four million products a month and hopes to increase production by 20% up to 2007.

According to estimates by the United Nations Conference on Trade and Development (Unctad), in 2006 foreign direct investment reached US$ 43.3 billion in the Middle East and US$ 38.8 billion in Africa. In Brazil, the entry of capital rose 6%, reaching US$ 16 billion. All around the world, the movement was US$ 1.2 trillion, 34% more than in 2005.