Archive for January, 2013

Reduced interest rates in 2012 boosts credit from public banks to small businesses

Comments Off | 01-24-2013

The reduction of bank interest rates, led by public banks since April last year, has allowed micro and small enterprises to seek credit from banking institutions. Small businesses took R$ 182.3 billion in credit last year from Banco do Brasil (BB) and the Federal Savings Bank (Caixa Econômica Federal) alone, 34.7% more than in 2011.
Credit [...]

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BNDES to invest R$ 1.8 trillion between 2013 and 2016

Comments Off | 01-24-2013

The Brazilian Social and Economic Development Bank (BNDES) is to invest R$ 1.858 trillion between 2013 and 2016. Last year, total investments amounted to approximately R$ 156 billion, up 12% compared to 2011, and a total of R$ 2.394 trillion was invested between 2008 and 2012. The figures were released today (January 22) by the [...]

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Loans to parks, freight carriers, hotels, car rental companies and travel agencies up 800% in 10 years

Comments Off | 01-23-2013

Financing granted by official banks to businesses in the tourism sector between January and November 2012 reached record numbers. The R$ 9.83 billion released during the period, even while not taking into account the December result, represents the best annual performance since 2003 when the Ministry of Tourism began to coordinate with public banks to [...]

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Entry prices for new medications fall 35%

Comments Off | 01-23-2013

Economic regulation has allowed medications to arrive in the hands of Brazilians at prices 35% lower, on average, than those requested by the pharmaceutical industry. A study released by the National Health Surveillance Agency (ANVISA), on Tuesday, January 15, analyzed the maximum prices established by the Chamber for the Regulation of the Pharmaceutical Market (CMED). [...]

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Law approved to reduce electricity rates by 20.2%

Comments Off | 01-17-2013

Law no. 12.783, extending electricity generation concessions and reducing industry charges so as to provide lower rates to consumers, was published in the Official Federal Gazette on Monday (January 14). According to the Ministry of Finance, the average of 20.2% (see table) reduction in rates will lower inflation between 0.5 and 1 percentage point, as [...]

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Conab estimates grain production 8.6% higher than last season

Comments Off | 01-11-2013

National grain production for the 2012/2013 period is expected to reach 180.41 million tons, according to the fourth survey conducted by the National Food Supply Company (CONAB). According to data released on January 9, the volume represents an increase of 8.6% or 14.23 million tons compared to the previous season (166.17 million tons).
Conab expects soybeans [...]

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Brazil creates tourist image bank for free-of-charge use worldwide

Comments Off | 01-11-2013

The Brazilian Tourism Board (Embratur) is currently bringing together images from all five regions of Brazil. The goal is to renew the image bank of Brazilian tourist attractions, focusing on the Sun and Beach, Ecotourism, Sports, Culture, Business and Events segments. In all, 25,000 new images will be made available free of charge, to be [...]

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Students from 18 disciplines to study in France through Science without Borders

Comments Off | 01-4-2013

Registrations for student exchange sandwich programs in France are open until January 14 through the Science without Borders program. In total, students from 18 different disciplines may apply for places. Successful university students will receive a scholarship to the amount of € 870 (around R$ 2,300) per month, in addition to assistance with settling in [...]

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Brazilian exports maintain high level in 2012

Comments Off | 01-4-2013

In 2012, Brazilian exports achieved the second highest value since trade balance records began, with a value of US$ 242.6 billion, second only to the figure registered in 2011 (US$ 256 billion), representing a fall of 5.3%.
The same situation was seen with imports which closed the year at US$ 223.1 billion, a 1.4% drop compared [...]

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