The Brazilian trade balance showed a USD 2.024 billion surplus in the fourth week of December, driving year-to-date surplus to USD 18.6 billion.
Brazil’s Social Security, Central Bank and National Treasury accounts registered a deficit of BRL 21.278 billion (USD 5.51 billion), the worst result since 1997.
The government of the Arab country hopes that the commodity’s low prices will help reduce the budget deficit already in the 2015/2016 fiscal year.
Such is the Brazilian Central Bank’s 2016 recession forecast, based on a poll of financial institutions. The estimate for 2015 remained flat at 3.7%.
Volume expected to be shipped on the next crop will be higher than the one exported from the 2014/2015 crop, according to industry association. But prices should remain low.
The Summer 2016 collection of the Brazilian beachwear fashion brand was inspired by the Moroccan beach town. Tapestry, spices and local nature were some of the elements used for the creations.
Paperworld Middle East is scheduled to March 1st to 6th in the United Arab Emirates. In its sixth edition, the event will gather exhibitors of products such as cards, calendars, school supplies, folders, etc.
Expansion of highways, railways and a new airport will be carried on to increase the country’s transportation capacity.
The third and fifth most sought-after destinations among air ticket buyers on website ViajaNet were respectively Morocco and Egypt. The number one spot was Cancún.
Brazil’s National Supply Company shipped 12,000 tons of foodstuffs to different parts of the world, including Gaza and Algeria.
Saudi Agriculture and Livestock Co. acquired shares of the Brazilian meat plant for USD 188.4 million. Operation should boost the expansion of the Brazilian group in the Middle East.
The Brazilian Central Bank released new Gross Domestic Product (GDP) projections this Wednesday (23). Next year, 1.9% shrinkage is expected, with agribusiness growing 0.5%.
The UN agency is working to protect refugees from the cold as winter begins in the Northern Hemisphere. Donations can be made online in Brazilian currency up until February 29.
According to the Letter of Conjuncture by economic research institute Ipea, indicators of the Brazilian economy remained in decline from July to September. Good news came from oil and gas output and mineral extraction. Trade balance had a good performance.
