In November from October, Brazil’s debt widened from BRL 2.64 trillion to BRL 2.71 trillion (USD 661.9 billion to USD 679.4 billion), the National Treasury Department reported.
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Companies from Brazil should gross over USD 22 million at the healthcare industry fair slated for January 25 to 28 in Dubai. Results in the 2015 edition were deemed the best ever by industry association.
President Dilma Rousseff said, at the Mercosur summit, that the strengthening of the bloc depends on the adoption of more agile trade cooperation methods.
Delegates from the Algerian conglomerate met with the governor of Brazil’s Mato Grosso state to discuss a corn-based ethanol plant in the city of Vera. Total investment in the area will amount to USD 750 million.
Deficit-to-GDP ratio will be 2.66% at USD 41 billion next year, based on Brazilian Central Bank projections. In 2015, the deficit is expected to be 3.48% of GDP, at USD 62 billion.
Financial institutions surveyed by the Brazilian Central Bank raised their estimated inflation rate for 2015, which stood at 10.61%. For next year, the inflation rate is expected to be at 6.87%.
Jihan Osman, born in Paraná State, produces and sells the Brazilian sweet in the Arab country since last year. Per month, she sells around 400 truffles. The flavors vary from traditional to chocolate with anise.
International Monetary Fund technicians met with local authorities to discuss the progress made and the challenges facing the economy, and suggested additional financial support.
Sudan’ ministry of Finance announced it will not perform new cuts in fuel subsidies until international oil prices decline again.
The United Nations High Commissioner for Refugees estimates that 60 million people, including asylum applicants, internally displaced people and refugees, will have left their homes to flee conflicts by the end of this year.
An index measured by the Brazilian Central Bank shows a decline in the economy in October from September and a 6.19% drop from October 2014.
The organization’s new ambassador in the Brazilian capital Brasília claims trade and mutual investment between Arab countries and Brazil can be worked on.
Ministry of Agriculture issued project with norms for purchases of fertilizers and inputs from abroad and is open to suggestions for the next 60 days. Arab countries supply the product to Brazil.
The UN’s Economic Commission for Latin America and the Caribbean believes Brazil will hold back Latin America’s performance and that its Gross Domestic Product will contract anew in 2016.
