Booming North East Brazil Enjoying New Found Wealth
Brazil’s long term economic outlook is promising. The Northeast region is one of the big reasons for this. Before known as one of the poorest regions in the country, the economy of the northeast of Brazil is now booming. “We used to be Brazil’s burden, and now we’re the solution” say the locals. Over recent years, Brazil has become a …
Read MoreBrazil’s economy is likely to grow by 4%
“Brazil’s economy is likely to grow by 4% coming into the second half of the year” Says Alexandre Tombini, president of Brazil’s Central Bank. Brazil is a very much closed economy and only 12% of GDP accounted for is in exports. Whilst the global crisis has had some affect on Brazil’s economy, payroll tax breaks and drastically cut interest rates …
Read MoreWhere the jobs are: Brazil
Looking for a job? Try moving to Brazil. Just ten years ago, Brazilian professionals were fleeing the country in search of better jobs and higher pay elsewhere. But these days, white-collar workers from around the globe are pouring into Brazil to find work. In 2011, the number of legal foreign workers jumped 57% to 1.51 million, according to the Justice …
Read MoreBrazil: Domestic Flights at Record High
Demand for flights in Brazil rose 5.3 percent in April compared to the same month last year, according to results released by the country’s National Aviation Agency (ANAC). Airlines have more than matched the increased demand, however, with the number of available seats jumping 7.3 percent compared to April 2011. Both the demand and the number of available seats have …
Read MoreSiemens investing $1 bn in Brazil
Siemens said it plans to invest up to $1 billion to expand its presence in Brazil, the company said in a statement. Company officials expect the investment will double revenues in five years. Last year, Siemens recorded $2.8 billion in revenue from its operations in Brazil. Siemens said it plans to establish a new Research and Development Center in Rio …
Read MoreRepsol Sees 1.25 Billion Barrels of Oil in Brazil Ocean Area
Repsol YPF SA (REP) said an area off the coast of Brazil it’s exploring with partner China Petroleum (386) and Chemical Corp. contains the equivalent of at least 1.25 billion barrels of oil. The BM-C-33 block of the Campos Basin, where the Repsol Sinopec venture has already drilled three wells, contains at least 700 million barrels of light crude and …
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