Tag: Paulo Guedes

Tuesday, May 14th 2019 - 09:43 UTC
Brazil plans to reduce import tariffs by ten percentage points in four years

Brazil plans to reduce import tariffs by 10 percentage points during the new government’s four-year term, Economy Minister Paulo Guedes said, a move away from the direction currently being taken by countries such as the United States.
Saturday, April 27th 2019 - 09:38 UTC
Petrobras details divestment list including refineries; Bolsonaro open to privatization of oil company says minister

Brazil's state-controlled oil company Petrobras on Friday for the first time detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.
Friday, April 26th 2019 - 09:16 UTC
Brazilian pension reform savings looks to be 15% higher than originally planned

Brazil’s Economy Ministry on Thursday raised its projected savings from its pension reform bill over the next decade to 1.237 trillion reais (US$ 312 billion), well above the “minimum” 800 billion reais President Jair Bolsonaro said he expects.
Friday, April 19th 2019 - 09:29 UTC
Brazil to put up new pre-salt oil blocks for auction in October

Brazil will hold an offshore oil deposit auction in October featuring blocks that were the object of a long-running dispute with state energy giant Petrobras. Reuters reports, citing Economy Minister Paulo Guedes, that participants in the auction will need to cough up a signing bonus of a total US$26.9 billion for the four blocks.
Thursday, April 18th 2019 - 08:22 UTC
Minister says pension reform will pass within four months, helping the Brazilian economy to grow by 3.5%

Brazil's economic growth may accelerate to a 3.5% annual rate in the second half of the year after the approval of pension reforms, Economy Minister Paulo Guedes said in an interview with TV channel Globo news.
Monday, April 15th 2019 - 09:34 UTC
Brazil fuel-price controversy: Minister Guedes confident he can convince Bolsonaro and overcome the situation

Brazilian Economy Minister Paulo Guedes said he’ll clear up any confusion from President Jair Bolsonaro’s decision to halt a planned fuel-price hike by Petrobras.
Thursday, April 11th 2019 - 09:30 UTC
Brazil' finance minister optimistic about pension reform and privatizations

Brazilian Economy Minister Paulo Guedes said on Wednesday he is “optimistic” that Congress will pass a pension reform bill that will generate savings of 1 trillion reais (US$ 261.68 billion) over 10 years, in line with the government’s ambitious proposal.
Thursday, April 4th 2019 - 09:34 UTC
Combative exchanges as Brazilian congress debates the pensions' system reform

Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government’s proposed pension reform, insisting it is critical to fixing the country’s “doomed” social security system but opening the door to some concessions.
Thursday, March 28th 2019 - 09:31 UTC
As Bolsonaro's influence wanes, Congress more demanding and minister Guedes ready to resign

Brazilian President Jair Bolsonaro and his economy minister tried to rescue their contentious pension reform bill on Wednesday, as deepening political chaos surrounding the government’s signature proposal slammed Brazilian markets.
Wednesday, March 27th 2019 - 08:23 UTC
Brazilian pensions reform stumbles with first challenges; markets remain volatile

Brazil's pension reform process hit two speed bumps on Tuesday, as Economy Minister Paulo Guedes did not attend a first congressional hearing on the proposals and a bloc of eleven political parties demanded the removal of changes affecting retirement benefits for rural and disabled workers.