Industry federation will welcome business people interested in the global market and chambers of commerce to a meeting this Tuesday in the city of São Paulo. The Arab Chamber is attending the event.
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Respondents of a survey conducted by the Brazilian Central Bank among poll Brazilian financial institutions estimate the economy will contract by 3.02% this year. This is the 15th straight downward revision.
Amer Masarani, of the Oasis Solidário association, will discuss the situation of refugees in Brazil next Wednesday (28th), during the International Relations Week at Faculdades Integradas Rio Branco.
Weak economic activity was responsible for the decline of 4.12% in tax collection and social contributions in September, to USD 24.43 billion, over the same month of last year.
The rise of the US dollar relative to Brazil’s real inhibited expenditures in foreign currency, causing them to plummet in September. A USD 3 billion current account deficit was registered in the month.
A tree originally from Paraná state capital Curitiba was planted last week in the gardens of Lebanon’s Usek university to mark the 70th anniversary of the Arab country’s diplomatic ties with Brazil, Chile, Mexico and Uruguay.
The company from Santa Catarina sells to Saudi Arabia the type of towels to be used in the gym. The products are custom made and, in a year, account to 2% of the shipments sent abroad by the company.
The US currency closed at BRL 3.908, down 0.9% from a day earlier, but it has appreciated by 47% to date this year.
The Forum on Investment in Brazil and Brazilian Investment Abroad will outline the challenges facing the country when it comes to drawing foreign funds in. Discussion will take place next Tuesday (27th) in São Paulo.
The estimation was made by the government’s chief of staff, Jaques Wagner. New fiscal target will be officially presented by the government this Friday.
The Brazilian mining company spent USD 12.7 per ton of iron ore in Q3 of this year. It reported that it is the lowest cost in the world. The Middle East’s share in overall business declined.
Group of Brazilian MPs visited the Arab country in September. The president of the Brazil-Arab countries Parliamentary Group says that trade should increase after visit.
The event is set to October 22nd and 23rd in Brasília. Speakers will train professionals to attract foreign capital and develop partnerships.
Foreign sales of textiles and clothing amounted to USD 242 million from January to September. The industry is running a USD 1 billion trade deficit.
