8 September 2014

Economists reduced once again their economic-expansion forecasts for Brazil for this year, after Latin America's largest economy fell into a technical recession in the first half of the year, according to a weekly central-bank survey published Monday.

The survey's 100 respondents reduced their estimates for economic growth this year to 0.48% from 0.52%, marking the 15th-consecutive reduction of the growth outlook for 2014. For the next year, economists kept their estimates for an expansions of 1.10%.

30 June 2014

According to The Economist Intelligence Unit’s latest Business Environment Rankings (BER), from 82 countries surveyed, Brazil ranks as the 43rd best country to do business in, which is the second highest in South America (Chile ranked 13) and higher than all the other emerging BRIC nations (Russia, India and China ranked 60, 57 and 50, respectively). Australia was ranked 5th.

15 June 2014

Officials at ICIC note that countries are often eager to host the World Cup because of an expected economic boost, but with Brazil the benefits have been impeded by a lack of infrastructure investment, protectionism, high taxes and the overall tough business environment.

The additional investment linked to the games increased the country’s gross domestic product by just 0.5% in recent years, while boosting inflation by 2.5% and setting off social unrest. Meanwhile, the positive effects of the investment are expected to dissipate by the end of the year, with inflation forecast to remain high until 2020. Read the full article here.

13 June 2014

Compared with the estimated costs, Moody's estimated the economic stimulus at $11.1 billion, saying these effects "pale before Brazil’s $2.2 trillion economy."

‎Overall, the Cup will generate only 0.4 percent of additional gross domestic product for Brazil over a 10-year period, the firm estimated.

The roughly $11 billion in spending on stadiums, airports and other infrastructure has been a positive for infrastructure providers, the figure accounts for only 0.7 percent of overall planned investment in Brazil for the 2010-2014 period, and most of the impact has already been felt, Moody's highlighted. Read the full article here.

12 June 2014

Watch Manuel Garcia-Duran, Chief Executive Officer at Ezentis, talk with Olivia Sterns about the economic benefits Brazil stands to gain from hosting the World Cup and an examination of the nation’s overall economic condition. Click here to watch the video.

30 April 2014

While Brazil was part of the so-called Fragile Five emerging market economies late last year, it is now seen as turning the corner. Everyone has had enough, and now it is time to make things better: more investment in infrastructure, continued improvement in Brazil’s public education system, a Central Bank that is more serious about inflation, and a Finance Ministry that is less wishy-washy about taxes. Read the full article here.

22 April 2014

Ever heard of Uberlândia, Joinville, Ribeirão Preto, Sorocaba or Londrina? Well, you may soon, as they are among Brazil’s next generation of big business cities. No doubt the biggest and most important business centres of Brazil are still the megacities of São Paulo and Rio de Janeiro. Further afield, most other state capitals full fill their role as the country’s other main economic centres: Belo Horizonte, Salvador da Bahia, Recife, Fortaleza, Curitiba and Porto Alegre. These are the cities that are dominating Brazil’s economic development. On top of that most of these capitals will be in the world’s spotlight as host cities of the 2014 World Cup and Rio will even host the Olympic Games of 2016. Read the full article Brazil's Next 10 Hottest Business Cities 2014.

19 April 2014

“The moment you land in Brazil you start wasting time,” laments Mr Watkins, who moved to the country three years ago after selling a fast-food business in New York. To be sure of having at least ten temporary workers at Lollapalooza, he hired 20 (sure enough, only half of them turned up). Lu Bonometti, who opened a cookie shop 18 months ago in a posh neighbourhood of São Paulo, has commissioned four different firms to fix her shop sign. None has come. Few cultures offer a better recipe for enjoying life. But the notion of opportunity cost seems lost on most Brazilians. Read The Economist's full article, "The 50 year snooze: Brazilian workers are gloriously unproductive: for the economy to grow, they must snap out of their stupor".

5 December 2014

Read The Economist's recent article on Brazil about growth, inflation and deficits.

21 June 2013

No doubt the biggest and most important businesss centres of Brazil are the megacities of Sao Paulo and Rio de Janeiro and do not forget most other state capitals like Belo Horizonte, Salvador da Bahia, Recife, Fortaleza, Curitiba and Porto Alegre. But Brazil is big and there are plenty of other fast developing cities, not being state capitals. Check out Brazil Weekly's, "Brazil's Next 10 Hottest Business Cities 2013."

14 June 2013

Siemens AG, Europe's largest engineering company, said it has about 1 billion euros ($1.3billion) in infrastructure project orders related to Brazil's 2014 soccer World Cup and 2016 Olympic Games. The investments include safety and building systems for the Mane Garrincha National Stadium in Brasilia and energy management systems for the nation's national grid operator. 

Brazil's national cities council, an advisory group created by the government, approved a 508.5 billion-real ($237 billion) sanitation plan aimed at boosting water-supply and sewage-treatment infrastructure investments. The goal is to provide potable water supplies to all urban areas of Brazil over the next 10 years. Another target is to supply sewage services to 93% of the urban areas within 20 years. 

 

21 January 2013

The Arab world exported US$83.72 million worth of metals to Brazil in 2012, an increase of 138% from 2011. Brazilian metal exports to Arab countries reached US$133.90 million with the United Arab Emirates emerging as Brazil's top destination with US$43.19 million of imports. According to the Arab-Brazilian Chamber of Commerce, Saudi Arabia remains the largest trading partner of Brazil in the region.The Arab world will continue to be a major source of mineral, fuel, oil and aluminium products that are vital in sustaining the growth of the Brazilian economy. Click here to read the article.

 

20 December 2012

Brazil's President, Dilma Rousseff, announced the building and construction of 800 regional airports in the country in order to boost transport infrastructure in regional and remote towns in Brazil. Furthermore, the Brazilian Government is positioning Brasilia International Airport as a central hub for international air traffic in Latin America. 

 

27 November 2012 

In June 2012, Brazil and China signed a Memorandum of Understanding on Higher Education. Brazilian Education Minister Aloizio Mercadante highlighted the importance of this bilateral relationship at a Brazil - China Dialogue on Education held in Sao Paulo on 22 November.

The two countries signed an agreement to have 5,000 Brazilian university students study in China within the framework of "Science Without Borders," an educational program launched by Brazilian President Dilma Rousseff.

 

27 November 2012 

Vale, the Brazilian mining multinational, is expanding its reach to Africa. The Brazilian owned mining giant can produce 4,000 tonnes of coal per hour in a mine in northern Mozambique but the railways and ports cannot cope with the rate of production. Vale is currently working on improving its railway line to Malawi for coal exports.  

Africa is critical to Brazil's economic future. The Brazil - Africa economic relationship has gone from strength to strength.  According to The Economist, in 2001 Brazil invested $69 billion in Africa. By 2009, the figures rose to $214 billion with investment ranging from oil and minerals, infrastructure and construction, and agribusiness. Click here to read more about the Brazil - Africa economic alliance. 

 

8 November 2012

Brazil Weekly has published a list of the emerging business cities in Brazil, it is not just Rio de Janeiro and Sao Paulo that investors should focus on.

Brazil's emerging cities for economic development are in: Campinas, Santos Bay Area, Sao Jose dos Campos, Joinville, Campos dos Goytacazes, Uberlandia, Ribeirao Preto, Suape, Londrina and Cabo Frio. Click here to find out the industry specialisations of Brazil's emerging cities. 

 

8 November 2012

Tech-giant, Microsoft, will invest US$100 million in Brazil. This investment will further expand Brazil's push to be a centre of ICT, Innovation and Clean Technology in Latin America. The Microsoft research centre will be located in Rio de Janeiro and will be opened before the 2016 Olympic Games. Click here to read the Australian Financial Review article.

 

2 November 2012

The Economist posted an informative video about investing in Brazil's infrastructure. Click here to watch it.