Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.
At least fourteen presidents, including Colombia’s Juan Manuel Santos and Venezuela’ Hugo Chavez, and US Secretary of State Hillary Clinton have confirmed they will be present next January first in Brasilia when Dilma Rousseff takes office as Brazil’s first woman president.
The Paraguayan Industrial Union, UIP, called Brazilian president Lula da Silva an “arrogant hypocrite” for making promises he never honoured, and attacked President Fernando Lugo for generating ‘overblown fantasy expectations’.
The Brazilian government announced Tuesday that the country has seen a solid drop in childhood malnutrition which, together with the social progress achieved in other areas, meets the criteria under the U.N. Millennium Development Goals for the eradication of extreme poverty.
On presenting a review of his eight years in office, Brazilian president Lula da Silva forecasted that Brazil would become the world’s fifth economy by 2016. He also underlined that under his administration combating hunger had become a “national cause” and for him a personal pride.
Brazil has the necessary conditions, and authority, to actively participate in the current international transformations as the world moves away from the “traditional governance mechanisms”, and for which Brazil, India and South Africa have become “unavoidable partners” in the decision making process.
Brazilian president-elect Dilma Rousseff will attempt to strengthen Mercosur institutions and establish a protagonist dialogue with United States, according to the presidential advisor on international affaire Marco Aurelio García who has been confirmed in his post.
Brazil’s trade surplus this year should reach 16 billion US dollars, which is 40% below 2009, according to Foreign Trade Secretary, Welter Barral. He added it was too early to talk about 2011 targets, given the world scenario and “at this stage we can’t say if we are going to run a (trade) deficit next year”.
Thousands of Brazilians and visitors gathered at Rio de Janeiro's Rodrigo de Freitas Lake to witness the lighting of the world largest floating Christmas tree with 3.3 million lights.
Brazilian President-elect Dilma Rousseff on Wednesday nominated five Cabinet members from her most important coalition partner in an effort to secure congressional support for her government.