After three years of decline, Brazilian industrial production ended 2017 with a growth, driven by the auto industry.
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The Brazilian Machinery and Equipment Industry Association (Abimaq) has been talking with the government about a machinery internationalization program. Saudi Arabia and the UAE are two of the target markets.
The organization took part in the World Economic Forum via its vice president of Marketing, Riad Younes, who followed the debates and the behind-the-scenes.
The year’s average rate was the highest of the historical series that started in 2012. In 2016, the indicator reached 11.5%.
CELSE will use the product as fuel for thermoelectric plant. It’s still in construction and will be part of a venture that will also have regasification plants. Contract stipulates for supply to begin in 2020.
The index that measures the variation of factory-gate prices of products increased last year. In 2016, the increase was lower at 1.7%.
Indicator by Fundação Getulio Vargas went up 2.2 points this month over December. Uncertainty over fiscal scenario and political issues weighed down on the result.
The United States lifted the economic embargo to the African country in October of last year. According to the Sudanese embassy in Brasília, there’s interest in partnerships in the aerospace sector.
The Arab Chamber hosted a meeting between Lebanon’s Ministry of Agriculture and representatives of 12 Brazilian import and export companies to promote the Arab country’s products.
The balance of lending operations declined 0.6% in 2017 over the previous year. The amount accounted for 47.1% of the country’s Gross Domestic Product.
The financial market revised down its Brazilian economy growth forecast for 2018, from 2.7% to 2.66%.
Expenditure in international travelling reached USD 19 billion last year. Spending by foreigners in Brazil stood at USD 5.8 billion.
Malek Twal, Jordan’s ambassador in Brasília, met with directors of the Arab Chamber to discuss the Brazil-Arab Countries Economic Forum, on April 2, and the meeting between entrepreneurs from both countries.
The amount forwarded to the Brazilian Union, states and counties by oil producing companies reached near BRL 27 billion (USD 8.72 billion).
