Tag: Brazil
BrazilBrazil claims trade situation with Argentina is “less than satisfactory”
Brazil admitted that the trade situation with Argentina is “less than satisfactory”, given the ongoing barriers and restrictions imposed by Buenos Aires and revealed that the bilateral trade balance is now inclined in favour of its southern neighbour and Mercosur associate.
Brazil hopeful an EU/Mercosur trade accord can be concluded this year
Brazilian Foreign minister Antonio Patriota said he was hopeful that the European Union and Mercosur could advance this year towards a trade agreement they have been negotiating so far unsuccessfully for almost fifteen years and also warned about the coming EU/US trade talks for a comprehensive accord.
Brazilian industrial production continues to struggle despite all the incentives
Brazil’s industrial output shrank more than expected in February, reversing most of the previous month’s gains and casting fresh doubt over the health of an anaemic recovery in the struggling sector.
Brazil central bank admits difficulties in taming stubbornly high inflation
Brazil’s Central Bank will keep a close eye on the economy to see if there is a need for any action to tame stubbornly high inflation, the bank's chief Alexandre Tombini said in a presentation to the Senate's economic affairs committee
Real estate prices’ increase in Rio and Sao Paulo among the highest in the world
The latest Knight Frank’s Global Real Estate Index released this month has Brazil ranking No. 3 in the world and No. 1 in the Americas for rising home prices. Only ridiculously expensive Hong Kong and Dubai, which are not countries, have seen prices rise more. So in fact, no single country has seen its housing prices increase as much as Brazil.
Agriculture should help boost the Brazilian economy to 3.1% growth in 2013
The Brazilian economy is expected to grow 3.1% this year while inflation will reach 5.7% according to the latest estimates from the Central bank released in its “Quarterly inflation report”. In the previous report at the end of last year inflation was estimated at 4.8% but there was no figure for growth.
Brazil reviewing immigration policy and is looking for “brains and human capital”
Brazil is after “brains and human capital” and a special Strategic Actions Secretariat (SAE) which depends directly from the Executive is working on a strategy to attract selective quality immigration according Ricardo Paes de Barros head of SAE interviewed by the Miami Herald.
Brazil postpones until next year increases in car sales taxes to help the economy
The Brazilian government postponed until next year increases in taxes on the sale of cars and trucks in a bid to stimulate demand for manufactured goods and spur economic growth, announced the Finance Ministry.
Brazil’s power companies report huge losses in 2012 forced by cheaper electricity bills
Latinamerica’s largest power company Eletrobras, managed by the Brazilian government reported losses equivalent to 3.4bn dollars last year which were mostly attributed to a bill promoted by the administration of President Dilma Rousseff ro reduce electricity bills both for industry, agriculture and home consumption.
Sao Paulo will host 1.500 political and business leaders from Germany and Brazil
Germany is keen to boost its already substantial investment in Brazil ahead of the 2014 World Cup and the 2016 Rio summer Olympics, the new president of the Brazil-Germany Chamber of Commerce said.
