Brazilian President Luiz Inacio Lula da Silva signed on Monday a decree raising the level of indebtedness for host cities to ensure the completion of infrastructure works for 2014 World Cup and Rio de Janeiro 2016 Olympic Games. During the ceremony to launch the decree, the president announced that 3.545 billion will be allocated to [...]
Posts Tagged ‘Business in Brazil’
World Cup: Brazil’s infrastructure for 2014 will be ready, says president
Brazil’s President Luiz Inacio Lula da Silva said on the weekend that the country’s airports will be ready to answer the demand of the 2014 FIFA World Cup. The Brazilian president, who met with South Africa’s President Jacob Zuma in Pretoria, said that any worries about Brazil’s infrastructure for the 2014 World Cup are unwarranted.”I [...]
Kenya to get Brazil’s help to produce biodiesel
The Seattle Times has published a very interesting article saying that Brazil, the world’s leading ethanol exporter, will help Kenya produce biodiesel and improve its agriculture sector. According to the article, Kenya is an investment hub that Brazilian companies and entrepreneurs can use to seek business opportunities in the wider East African Community, a five-nation [...]
Flex-fuel time in Brazil
For the second time this year, light vehicles equipped with flex-fuel technology accounted for 94% of all light vehicle sales in Brazil in August, the highest share recorded since the introduction of flex cars in 2003. The same share was reached for the first time in June of this year. Numbers released by Brazil’s National [...]
Brazil’s Economy Pulls Out Of Recession
THE WALL STREET JOURNAL – Brazil flexed its muscle as an emerging-market power in the second quarter as Latin America’s largest economy pulled itself out of recession on strong performance by the industrial and service sectors. Brazil’s gross domestic product expanded 1.9% in the second quarter compared with the first quarter this year, the Brazilian [...]
David Neeleman thinks Brazil is just as good a place to do business as America
THE ECONOMIST – When David Neeleman returned to Brazil as a 19-year old Mormon missionary, he spent two years among shoeless children and their toothless parents in the country’s poor north-east. The experience turned him into “kind of an anarchist”, he says. His band of missionaries rented a house in Recife that was next to [...]
Foreign investors can have up to 25% of Brazilian Magazine Luiza
Magazine Luiza, one of the biggest Brazilian retailer, obtained approval from Brazil’s national monetary council (CMN) to expand foreign investors participation up to 25% in its financial company, Luizacred. With this approval, which still depends on President Lula’s agreement, the retailer itself gets close to an opening of capital on the stock exchange. Luizacred is controlled [...]
Brazil, one of the multinationals’ sweethearts
GENEVA – With both eyes on the Brazilian market, multinationals indicated the country as the fourth favorite place to invest in the next two years, according to a research of United Nations Conference on Trade and Development (Unctad). BRIC members (Brazil, Russia, India and China) occupy four of the five first countries investors would like [...]