Browsing: Economy

Agência Brasil Brasília – With optimism, but also caution, was the way Brazilian president Luiz Inácio Lula da Silva described how he felt about the news of record industrial output in May. Production was up 2.2%, the highest since September 2003. Speaking to the nation during his fortnightly radio talk, "Breakfast with the President," Lula explained

Revenues from shipments to the region went up 76% and reached almost US$ 1.86 billion in the first six months of the year.  In June, shipments yielded US$ 442.5 million, 170% more than in the same months in 2003.  According to Paulo Atallah, president of the Arab Brazilian Chamber of Commerce, these are historical records.

The Brazilian leather sector productive chain has a turnover greater than US$ 4.1 billion a year, brings together 7,000 industries, employs over 500,000 people and exported approximately US$ 3.3 billion last year.  Sector representatives, however, believe revenues could be far greater if the shipping of greater added value products were stimulated.

From the Newsroom São Paulo – Navalshore, the Naval and Offshore Industry Fair and Conference, began this Monday (28) in Rio de Janeiro, Brazil.  The event, which continues until Wednesday (30), brings together shipyards, navigation companies, ship and oil platform product manufacturers and service providers, as well as representatives from public organs and union entities.  The

A study by the Inter-American Development Bank reveals that Brazil is the second largest money transfers market in Latin America.  Each Brazilian living abroad makes 9.7 remittances per year to Brazil.  The average value of each is US$ 428.  Brazilians living in Japan and USA alone, send home approximately US$ 2 billion annually.