Agência Brasil Brasilia – With the strong performance of exports so far this year, market estimates for the final trade surplus have already begun rising, according to the weekly market survey by the Central Bank, Focus. Last week the estimate for the surplus was US$20.7 billion. This week it rose to US$20.9 billion. The final
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The objective is to offer clothing manufacturers the necessary export technology, as well as to encourage fashion throughout the country. Mart Center, which brings together over 300 clothes and accessory wholesalers, will be transformed into a great production and knowledge centre.
Agência Brasil Brasília – Brazilian exports in 2004 should reach US$80 billion, says minister of Development, Luiz Fernando Furlan. According to the minister, the situation looks good. Estimates are that mineral ore exports will total US$1 billion, soybeans US$3 billion and aircraft between US$1.5 billion and US$2 billion. Furlan says that in other sectors, such
Agência Brasil Brasília – In an interview with the French newspaper, "Les Echos," the president of the Central Bank, Henrique Meirelles, declared that in the future Brazil intends to live without the International Monetary Fund. He said that at the moment the macroeconomic situation is favorable and will make renewed growth possible. Meirelles added that
Agência Brasil Brasília – The Brazilian Central Bank (BC) reports that irregularities have been found in financial transactions by Parmalat Brasil, the local subsidiary of the Italian multinational corporation that went belly up in the midst of scandal beginning in December, and other linked businesses in Brazil. The BC cautiously says that so far it
Agência Brasil Brasília – In his customary message to Congress at the beginning of the annual legislative session, president Luiz Inácio Lula da Silva said that the principal objectives of his administration are to get approval for labor, union, political and Judiciary reform bills. In the message, which was read by senator Romeu Tuma (PFL-SP),
Agência Brasil Brasília – In his customary message to Congress at the beginning of the annual legislative session, president Luiz Inácio Lula da Silva said that the principal objectives of his administration are to get approval for labor, union, political and Judiciary reform bills. In the message, which was read by senator Romeu Tuma (PFL-SP),
Initial investment, according to the Brazilian state-owned oil company, will be US$ 38 million. The project will supply to regions not reached by gas pipelines.
