Agência Brasil São Paulo – The president of the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econômico e Social, BNDES), Carlos Lessa, reports that the institution will approve a new line of credit for corporate working capital by next week. The amount involved should be over US$826 million (R$2.5 billion). The funding will be available
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The company will open three franchises in Saudi Arabia by the middle of next year. Entry into the region is part of a larger plan for international expansion, which includes the opening of 350 franchises abroad by 2020. Carmen Steffens produces fashionable shoes and purses intended for a high-end clientele.
From the Newsroom São Paulo – Yesterday (19), during Farnborough International Air Show, in the United Kingdom, Brazilian aircraft maker Embraer announced the that it had managed to convert nine Republic Airways Holdings and Trans States (both US airlines) purchase options into firm orders. The former ordered two units of the Embraer 170 and the
The return of foreign capital to the country should help maintain the growth indices Brazil has been obtaining in international trade. The country should end this year with a 21% increase in exports besides indications of growing domestic demand. Estimates indicate growth of about US$ 100 million in direct foreign investments.
Businessmen present at the fair expect Francal shoe industries to export US$ 180 million in the second half of the year, 58% more than the same period last year. The internal market also shows good signs of growth. Yesterday afternoon (15), Francal had already been visited by 6,000 storeowners.
The company started shipping machinery produced in their Horizontina factory, in the southern state of Rio Grande do Sul, to the region around one year ago. In the last 12 months, sales to the Middle East and North Africa have represented 10% of foreign trade by the Brazilian factory. John Deere is one of the world leaders in production of agricultural machinery, with industrial plants in 32 countries.
Agência Brasil Rio – Brazilian industrial production closed out the first six months of 2004 with record growth of 6.5%. For the last 12 months, growth reached 2.8%, according to the government statistical bureau (IBGE). May industrial output growth, compared to April, was 2.2%. That was the third consecutive month of growth. The IBGE reports
From the newsroom São Paulo – This Wednesday (14), in the Brazilian capital Brasilia, the National Forum of the Gem and Jewel Productive Chain will be instituted. The Forum will be a space for discussions between the government and the private sector, regarding the generation of jobs, regional development, social inclusion and technological capacitation. It
The southern state wants to increase international trade by around 30% over the next three years, and has included the Arab nations in the list of potential destinations. The Federation of Industries of the State of Paraná (Fiep) is going to work together with the Arab Brazilian Chamber of Commerce (CCAB) on identifying business opportunities between Arab and Paraná state businessmen.
Agência Brasil Rio – The executive secretary of the Ministry of Mines and Energy, Maria das Graças Foster, says that the Brazilian government is hard at work to transform the country into a significant exporter of its sugarcane-based fuel [which is actually a form of ethanol, but is called "alcohol" in Brazil]. At the same
Credit for Brazilian foreign trade (US$ 1.9 billion) represents over one third of the total made available by the bank in the period, around US$ 5.3 billion. The main sector favoured was the auto industry.
