The financial market forecasts a 4.40% inflation rate for Brazil this year. Last week, the forecast was 4.43%.
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From January 2 to October 29, the country shipped out nearly 34,000 tons. Revenues exceeded USD 29 million.
The month registered a trade surplus of USD 6.121 billion, up 17.9% over the same period of 2017. Exports in the month totaled USD 22.226 billion, with imports reaching USD 16.105 billion.
In the fourth review of the country’s economic reform program, concluded this Wednesday, the staff of the International Monetary Fund that visited the Arab country recommended the disbursement of a new portion of the arranged USD 12 billion loan.
The group offered the lowest toll fee and won the concession of a 473.4 km highway section for 30 years.
The company’s researchers developed a technology that speeds up the breakdown of the polymer material that the bottles are made of.
The National Confederation of Industries (CNI) and the UAE’s embassy in Brasília will hold a conference next Monday in São Paulo. Economic relations and the main barriers faced by multinational companies operating in both countries will be among the topics.
The World Bank released a report this Wednesday. Brazil went from 125th to the 109th position. The UAE is among the top 20 countries for the first time.
The National Index of Consumer Expectation (INEC) climbed 4.4% in October over September, but Brazilians are still cautious when buying.
The forecast was made by European aircraft manufacturer Airbus, which also expects a demand for 2,720 new aircrafts in the region.
Delegation with representatives of 16 Brazilian companies is visiting the emirate for business meetings, among them the participation in the Global Islamic Economy Summit.
The industry’s foreign sales totaled USD 736.6 million, a drop of 9.4% in comparison to the same month of last year.
The index measured by Fundação Getulio Vargas dropped 11.2 points in October, before the election final results, to 110.3 points. However, it still reflects a high level of uncertainty.
The president issued a decree that establishes a foreign investment department within the Ministry of Finance. The country is getting ready to open up some sectors to 100% foreign ownership this year.
