Brazilian president Lula da Silva who steps down next January first could run for a third mandate in 2014, according to cabinet Secretary general Gilberto Carvalho.
The incoming Brazilian administration next January first will have to implement a tougher program of savings than President Lula da Silva in 2003 if the primary budget surplus is to consolidate at 3.3% of GDP in 2011, according to economists from the prestigious think-tank Getulio Vargas Foundation, FGV.
Brazil's president-elect on Friday named as her chief of staff a former aide to President Lula da Silva who was forced to resign as Finance minister in 2006 amid a corruption scandal.
Brazil recognized on Friday the state of Palestine based on borders before Israel seized control of the West Bank in 1967. The foreign ministry said the recognition was in response to a request made by Palestinian President Mahmoud Abbas to President Lula da Silva earlier this year.
Two of the strongest emerging economies Brazil and China announced Friday measures to withdraw liquidity tighten credit and contain inflation. Brazil’s “macro-prudent” measures are geared to cut on money circulation, while China said monetary emphasis will change from “relatively loose” to “prudent”.
Brazil’s lower house of Congress approved this week new oil regulations that will increase government control over the energy industry and reduce competition against government managed Petrobras.
Brazil’s Vale Doce, the world’s largest iron-ore producer, is aiming to boost copper output more than fivefold by 2015 as it seeks to diversify sales and catch up with rivals, announced top officials from the company during the inauguration of a project in Chile.
The Brazilian opposition has criticized the purchase of a new presidential aircraft for president-elect Dilma Rousseff claiming it is excessively luxurious and expensive.
Brazilian president Lula da Silva concludes his eight years in office with a performance marked by open corruption “among his closest political allies”, with a “plague” of vote-buying in Congress and the ruling party, and without having given a reply to the issue of crime.
Rio do Janeiro media has disclosed that the Brazilian government wants to use unmanned air vehicles, VANT, along the border areas of neighbouring countries, Paraguay, Bolivia, Uruguay and Colombia.