State’s government announced a reduction from 25% to 12% in the ICMS aliquot charged on the fuel.
Browsing: Economy
Deals among companies in the Middle East and North Africa surged by 68.7% in last year over 2017, driven by transactions in the UAE.
The country produced an average of 2.586 million barrels per day last year. Natural gas production, however, grew by 1%.
Financial institutions estimate 6.5% SELIC by end of 2019, the same as it is now.
Tariff was increased from 5% to 10% on rebar and wire rod. Move falls in line with Gulf Cooperation Council.
IBGE published Brazilian industry progress over last year. Only in December there was also an increase.
Unemployment in Brazil posted a slight decrease and stood at 12.3%, according to Brazilian Institute of Geography and Statistics.
Chevron bought the refinery for USD 526 million.
Last year, values of industrial goods increased two times more than in 2017 according to IBGE.
Volume of loans grew by 5.5% last year, according to Brazilian Central Bank.
Number is two times the one registered in 2017. Foreign direct investments reached USD 88.3 billion, more than enough to finance the negative balance in current account.
Positive balance is the result of USD 3.62 billion in exports and a little more than USD 3 billion in imports.
The sum of internal and external Brazilian debts climbed 8.9% last year over 2017, according to Brazilian National Treasury.
Financial institutions estimate Brazilian economy will grow by 2.50% in 2019. Last-week projection was 2.53%.
