Brazil’s stand at the Damascus International Fair had received at least 250 commercial contacts until this Wednesday (23). Visitors were looking for a wide variety of products.
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Brazil’s National Supply Company (Conab) predicts a sugarcane harvest of 646.3 million tons, which is 1.7% less than in the last crop.
Industrial zone Robbiki Leather City is currently under construction in the Arab country. Local tanneries are being relocated to the area, and bringing in non-local capital is in the plans.
The Água Fresca brand of Belo Horizonte, Minas Gerais turned to Morocco for elements to draw on for its Spring/Summer. The company’s owner and a designer took a trip to the Arab country last May.
Auctions for exploration and production sharing agreements in oil blocks will be held on October 27.
The country registered a current account deficit of USD 3.4 billion in July. However, foreign direct investment increased to USD 4 billion in the month.
In this month, the Extended National Consumer Price Index-15 (IPCA-15) stood higher in comparison to July, when there was a deflation of 0.18%. Year-to-date, the IPCA-15 stands at 1.79%.
Sales to the region fetched USD 1.1 billion in July, up 14% year-on-year. Egypt was the top buyer in the month. Year-to-date through July, sales increased by 15% to USD 7.16 billion.
The expo at the Syrian capital is taking place for the first time since 2011. The Brazilian stand is hosting four companies, two from the cosmetics sector and two from the pharmaceutical sector.
The IMF expects a growth of 2.3% for the country’s GDP this year, below the 3% of last year’s. Lower oil prices brought forth many consequences to the economy and the need of a fiscal adjustment.
An index from think tank Fundação Getulio Vargas climbed 1.5 point to 92.3 in its August preview. Industrialists’ present and future outlooks have improved.
The event with the organization’s CEO, Michel Alaby, was set to August 24, but it was postponed. He will talk about “How to negotiate with the Arab countries” at the Federation of Industries of the State of Goiás, in Goiânia.
Exports from Brazil reached USD 4.1 billion, with imports coming out to USD 2.8 billion in the third week of August.
Financial market experts believe that the Extended National Consumer Price Index (IPCA) will end 2017 at 3.51%, according to a bulletin by the Brazilian Central Bank (BC). It’s the fifth time the forecast is revised up.
