Demand from consumers increased year-on-year in May in Brazil, credit bureau Serasa Experian reported.
Brazilian economy grew from February to April over the three-month period that ended in January, according to a survey conducted by Fundação Getulio Vargas.
The 59th edition of the multi-industry event comes after a five-year hiatus. Forty enterprises from Brazil have been invited to showcase their goods and reintroduce themselves to the Syrian market.
From January to May, the deficit stood at USD 3.97 billion due to a significant increase of exports and a modest reduction in imports.
Citizens from the Arab country were the group with the higher number of asylums granted. Overall, Brazil welcomed 12% more refugees last year in comparison to 2015.
The conglomerate intends to sell properties, stakes and businesses in Brazil, the United States, Canada and Ireland to a total of USD 1.8 billion.
Taxes and contributions paid to the Brazilian federal government slid 0.9% year-on-year, but increased year-to-date through May from the year-ago period.
France’s PSA is also the owner of brand Citroën. The manufacturing is due for completion in 2019 and its production capacity will be 200,000 vehicles per year.
Mohamed El Moghraby toured this Monday afternoon the organization’s new headquarters, which opened at the end of April.
Brazil’s exports and imports balance had a surplus last week. Positive results were also registered in June and also year-to-date.
Financial institutions estimate that prices will be up 3.64% this year and the economy will see 0.4% growth.
The state-owned company produced, on average, 2.18 million daily barrels per day in Brazil in May.
Respondents of a poll by Export and Investment Promotion Agency (Apex-Brasil) named the Arab country as one of the five most promising for investment in non-domestic operations in the next three years.
Dairy companies exported USD 15 million worth of product to Arab nations from January to May this year. The region is the second biggest importer of Brazilian dairy products.
