Credit taken by Brazilian companies went up 5.8% from January to February and 5.6% year-to-date. Micro and small businesses were the ones driving up the demand.
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The three-day event promoted by the government had as its goal to show the economic potential of the country and attract interests of investors.
In the second week of March, Brazil posted a US$ 24 million trade deficit. Year-to-date, the deficit reached US$ 6.089 billion, according to data from the Brazilian Ministry of Development, Industry and Foreign Trade.
As per a Central Bank poll of financial institutions, the economy is expected to contract by 0.78% in 2015. The inflation rate estimate is also higher than previously expected.
The decline occurred in January over December. In a comparison with the same month of last year, the drop was of 1.34%, according to the Central Bank.
The event will take place in São Paulo on March 30th, focusing on economic scenarios in Arab countries and Brazil and business opportunities.
‘Course on Management of Trilateral and South-South Cooperation’ is scheduled for next week with participants from 40 countries. Focus is to promote the share of knowledge over issues such as human resources and communication, among others.
Total foreign sales revenues declined by 23% in January and February. Some countries, such as the United Arab Emirates, however, stepped up their imports.
Ambassador Paulo Cordeiro, the Brazilian Foreign Ministry undersecretary-general, told president Abdel-Fattah El-Sisi the country has “excellence areas” that can aid in Egypt’s development. The Arab nation is hosting an investment forum.
According to statement from minister of Agriculture Kátia Abreu, the hike of interest rates within Plano Safra (Crop Plan) won’t make agricultural production unfeasible.
Sales were authorized for the first time since Hamas took over the territory, in 2007. 27 tons of tomato and five tons of eggplant were already sent.
An executive with the company has said reduced spending on fuel should help bring revenues back to expected levels and meet income targets.
The 30th edition of the event will be held on 19th through 22th in Ribeirão Preto, and will have competitions and auction.
International personalities, business executives, government officials and multilateral organizations will convene for a three-day meeting. The country wants to convey an image of stability and draw investors in.
