Companies taking part in exports promotion program Brazilian Footwear have picked Saudi Arabia as one of the markets to be explored in 2019 and 2020.
The month saw the best result in four years, with BRL 130 billion collected, according to Brazil’s Federal Revenue Service.
That’s the estimation made by the Brazilian Foreign Trade Association (AEB). According to the association’s president, goods have not been reaching the ports to be shipped.
The drama ‘Hedi’ will open at Cine Caixa Belas Artes this Tuesday (29), at 8 pm. The screening will be followed by a debate with Salem Nasser, of FGV, and Luiz Zanin, movie critic. Admission is free.
Brazilian financial market players expect the economy to see 2.37% growth this year, down from a prior estimate of 2.50%.
Brazilian cosmetics company already exports to Iraq, UAE and Saudi Arabia. Main products sold to the Arabs are Brazilian hair straightening products, hair mask and serum.
The Immigration Museum will have cuisine, dance, music and handcraft of over 50 nationalities on June 3, 9 and 10.
Survey shows that climbed from 25% to 34% the percentage of Brazilian micro and small business owners willing to invest in the next six months. The purchase of machinery is among the priorities.
A report from the international organization on the country stresses the need for reforms to enable medium-term growth. The IMF, however, sees Brazil resilient against external shocks.
Speaking in a seminar in Rio de Janeiro, Ilan Goldfajn said that the normalization of interest rates in developed economies has been causing volatility in the international market.
Purchases were done in Q1, according to a survey by KMPG. Mergers and acquisitions increased 15% in the period in the country.
The facility is downtown in Itajaí, a port city that’s a major shipping hub to Arab countries. The goal is to cut costs and enable swifter processes, as well as build close ties with Chamber members in the region.
For the third consecutive month, the country registered a current account surplus in April.
The recent hike of the US currency against the real will cause expenditure on trips abroad by Brazilians to lose steam, according to the head of the Central Bank’s Statistics Department.
