Second phase of the Investment Partnerships Program (PPI) is planning 55 concessions to the private sector of highways, railways, port terminals and power transmission lines.
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Organization believes the world will see a 3.3% growth in 2017 and 3.6% in 2018. Brazil will register no growth this year and expand 1.5% next year, according to the organization.
Shipments generated USD 1.18 billion in February, the highest amount for the month, and almost USD 2 billion in the first two months of the year.
Data released by the Brazilian Institute of Geography and Statistics (IBGE) confirm the second straight year of recession in the country. The 7.2% drop in the 2015-2016 biennium was the biggest on record.
The Bellara complex will have an initial production capacity of 2 million tons of steel per year.
The first week of the month saw exports from Brazil reached USD 2.403 billion, with imports amounting to USD 1.705 billion.
Indicator measured by Fundação Getulio Vargas declined 8.5 points from January to February and is at its lowest level since May 2015.
Shipments totaled 330,200 tons in February, a surge of 3.2%. Revenues had even better results: up 24% to USD 566.2 million.
Banks’ inflation forecasts for 2017 and 2018 remained the same. Next year’s inflation rate is expected to come at 4.5%. The forecast for the GDP signals a 0.49% growth.
The Egyptian ministers of Supply, Trade, and Investments made requests to the Arab Brazilian Chamber of Commerce’s president, Rubens Hannun.
A theme park that simulates a safari will rely on 14 vehicles supplied by the manufacturer based in Rio Grande do Sul, Brazil. The company plans to increase its sales to Arab countries.
Marconi Perillo of Goiás, Brazil went over prospective investment targets in his state. King Salman’s brother Muqrin Bin Abdulaziz Al Saud expressed willingness to work on ties with Goiás.
For the 22nd consecutive month, net job creation was negative according to the General Register of Employed and Unemployed Persons (Caged).
Foreign sales amount to USD 4.9 billion per year, according to Agricultural Export Council chairman Abdel Hamid Demerdash. Now, Egyptians are looking to cooperate with Brazil to increase yields.
