News from Brazil

Archive for November, 2012|Monthly archive page

Politics & Government News

In Brazil on November 29, 2012 at 6:20 pm

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POLITICS

A new corruption scandal inside Dilma Rousseff’s PT rocked Brazil. The Federal Police arrested the President’s representative in Sao Paulo State as well as a threesome of directors at ANTAQ, an agency dealing with Brazil’s inland waterways and related to the transport ministry.

Some 200.000 people took to the streets in Rio on Monday in protest against the federal government’s plan to redistribute the royalties obtained  from the oil industry by Rio and Espirito Santo states to the rest of the country. The protests were led by the Rio and Espirito Santo governors and many other officials. President Rousseff is expected to partly veto the measures, the Brazilian press reported.

INTERNATIONAL

Brazil and Argentina called for further regional integration. Argentina and Brazil should lead a process of integration within the regional trading bloc Mercosur to compete in the global market, Brazilian President Dilma Rousseff said and her Argentine colleague added that now is the “golden age of integration”.

ROYAL DUTCH BUSINESS

The biggest Dutch business mission ever descended on Brazil last week. Read how they fared in Royal Dutch Business.

BRAZIL WEEKLY STORE MUSIC

Check out the latest additions to the Brazil Weekly Store, our online shop in cooperation with Amazon.com. Now also listing Brazilian music cds!

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DEFENSE & SECURITY

The Brazilian Army has signed a contract for the implementation of Phase I of the Sisfron program with Tepro consortium, made up by the companies Savis Tecnologia e Sistemas S/A and OrbiSat Indústria e Aerolevantamento S/A, both controlled by Embraer Defesa e Segurança. Sisfron (Sistema Integrado de Monitoramento de Fronteiras) is the Integrated Border Monitoring System the Army is developing in the Western borders of Brazil. The contract is worth R$ 839 million (approximately USD 404 million) (Embraer).

As we reported two weeks ago: Embraer is mulling its entry in the naval shipbuilding market after spotting a business opportunity, Reuters now reports. Embraer wants to tap a program to renew Brazil’s Navy patrol vessel fleet that could cost $844 million. So far, seven of the 27 vessels in the program have been ordered.

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CITY BRIEFS

Check out Brazil Weekly’s new feature City Briefs, a series of introductions to the country’s main economic centers, packed with relevant info for business travelers. First to hit the net were the Brazil Weekly City Briefs on Brasilia, the federal capital of Brazil and Belo Horizonte, the country’s third economic centre. Latest addition is a City Brief on Sao Paulo!

SOCIAL

The entrance of black and brown young people in universities has tripled in the last ten years, the IBGE reports.

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Business & Economy News

In Brazil on November 29, 2012 at 6:19 pm

DUE TO INTERNET CONNECTION PROBLEMS THE NEW EDITION OF BRAZIL WEEKLY WILL COME OUT ON

SATURDAY DEC 8TH INSTEAD OF FRIDAY DEC 7TH 

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ECONOMY

From 2002 to 2010, the Central-West (0.5 p.p.), Northeast (0.5 p.p.) and North regions (0.6 p.p.) increased their contributions to the GDP, whereas the Southeast and South regions lost, respectively, 1.3 and 0.4 percentage points in terms of contribution in the period. Despite this redistribution, eight states concentrate 77.8% of the contribution. São Paulo, with 33.1%, recorded the greatest contribution, and Roraima, the lowest: 0.2%. The Federal District still leads with the highest GDP per capita in 2010 (R$ 58,489.46). On the other hand, the state of Maranhão recorded the lowest GDP per capita (R$ 6,888.60). Both in the comparison with 2009 and in the accumulated of 2002-2010, Tocantins was the state that posted the largest growth in the GDP’s volume: 14.2% and 74.2%, respectively. Both Sao Paulo and Rio states are slightly decreasing their share of the country’s GDP (IBGE).

The Banco Central do Brasil’s Copom Committee unanimously decided to maintain the Selic rate at 7.25 percent, without bias. Considering the balance of risks for inflation, the domestic activity recovery and the complexity that surrounds the international environment, the Committee understands that the stability of monetary conditions for a sufficiently long period of time is the most adequate strategy to guarantee the convergence of inflation to the target, even in a non-linear way.

Brazil sank two places on the World Bank’s Doing Business Report listings, from 130th to 128th place.

Brazil’s economy probably expanded in the third quarter at its fastest pace in more than two years as tax reductions helped boost consumption and revive flagging industry, according to a Reuters poll of economists.

Brazil will have the lowest GDP growth rate among BRICS countries (Brazil, Russia, India, China and South Africa) in 2012, according to a report released by the Organization for Economic Cooperation and Development (OECD).

Brazil’s federal tax collection fell for the fifth straight month in October from the same month a year earlier, reflecting a still incipient economic recovery, the press reported.

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AGRI ETC.

Prices for farmland in Brazil surged by an average 14 percent a year to nearly quadruple over the past decade, well outpacing inflation and nearly matching gains made by São Paulo’s blue-chip Ibovespa stock index, Reuters reported.

Raizen, the joint venture of sugar producer Cosan and Royal-Dutch Shell , will begin commercial production of so-called second generation ethanol starting in 2014, Chief Executive Vasco Dias said. Second generation ethanol uses special micro-organisms and often cellulosic material to improve yields from cane and create new products beyond simply conventional ethanol, such as aviation fuel, diesel and industrial raw materials for plastics.

Petrobras’s decision to suspend investment in a $3.1 billion ethanol pipeline, the world’s largest, is spurring speculation the project will be scaled back and fail to lower fuel prices at the pump, Bloomberg reported.

AVIATION

Embraer S.A. broke ground on the new Embraer Engineering and Technology Center USA, achieving the next milestone in the development of the 67,000-square-foot facility. The new building is expected to open in mid-2014 and will house the 200 employees the Center expects to have by the end of 2016 (Embraer).

Embraer has completed the first shipset in composite material in its Embraer Compósitos factory in Évora, Portugal. This first part, a Legacy 500 empennage, has been shipped to Embraer headquarters in São José dos Campos, Brazil (Embraer).

Meanwhile Embraer’s midsize Legacy 500 made a successful first flight, marking the beginning of its flight test program. Deliveries of the first aircraft are expected to begin in 2014 (Embraer).

Gol airlines announced it will eliminate about 850 jobs and return 20 Boeing 737 jets to lessors as it shuts down the recently acquired Webjet.

BANKING & FINANCE

Banco do Brasil wants to create a company to operate in insurance, open pension plans and annuities. According to a statement released to the market, the company will be called BB Seguridade (“BB Security”). Banco do Brasil intends to consolidate, in a single company, all the bank’s activities in the areas of insurance, annuities, open pensions and related activities (Portal Brasil).

BTG Pactual Group will seek to open a bank in Chile for high net worth, institutional and corporate clients, close on the heels of its purchase of local brokerage Celfin Capital, Chief Executive Andre Esteves according to Reuters.

Itau Unibanco is moving its European investment banking headquarters to London from Lisbon. Itau BBA, the bank’s corporate and investment banking arm, said it was transferring about 20 staff from Lisbon, which would increase its number of London staff to about 70 after extra hiring in areas such as Treasury, capital markets, risk management and compliance functions, Reuters reported.

Regional and Cultural News

In Brazil on November 29, 2012 at 6:14 pm

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BEST ENGLISH BOOKS ON BRAZIL

Be welcome to check out Brazil Weekly’s book store in cooperation with Amazon.com! Browse the Brazil Weekly Store for highly relevant maps, books on politics, economics and history as well as travel or tourist guides and translated Brazilian literature. Click on the categories and watch our slide shows go by, packed with Brazil Weekly’s picks. You order straight with Amazon, one of the best online stores in the world. Enjoy!

NEW FEATURE: WEEKEND BREAKS!

Brazil Weekly now offers another new feature: Weekend Breaks! Over the next months we will show you how to enjoy your weekend out of town when staying in Brazil’s biggest business cities. First online is our Weekend Break out of Belo Horizonte, to the famous historic town of Ouro Preto, a must to visit!

BRAZIL WEEKLY’S BRAZIL’S NEXT 10 HOTTEST BUSINESS CITIES

No doubt the biggest and most important business 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. So for a minute forget Sao Paulo, Rio and those other 2014 World Cup host cities and check out Brazil Weekly’s Brazil’s Next 10 Hottest Business Cities.

ATLANTICO WEEKLY

Be welcome to visit Brazil Weekly’s sister publication Atlantico Weekly, with news about Angola and Cape Verde, two upcoming Portuguese speaking countries. Read the Grand Tour of Cape Verde, Atlantico Weekly’s visitor’s guide to Cape Verde’s main islands, and read our forecast Cape Verde in 2030, a realistic glimpse of the small nation’s bright future and check out Entrepreneurs of Cape Verde, a series of interviews with local entrepreneurs. But there is much more…

FIFA WORLD CUP 2014

FIFA Secretary General Jerome Valcke has handed the Brazilian government a batch of 50,000 tickets for matches at Brazil 2014, to be distributed free of charge among the country’s indigenous population and families that qualify for the Programa Bolsa Família – a social welfare programme aimed at low-income families (FIFA).

PROJECT OF THE WEEK

Render of the 22 floor Manhattan Office Santos for Santos (Skyscrapercity).

AMAZON

The BNDES has approved R$ 22.5 billion in financing for Norte Energia S/A. Resources will be earmarked for construction of the Belo Monte Hydroelectric Plant on the Xingu River (PA), with 11,233 MW in installed capacity. Energy generated will account for 33% of the country’s expanded capacity forecast for the 2015-2019 period, equivalent to supplying 18 million residences (60 million people) or all the energy used in the South and Northeastern regions together (BNDES).

Deforestation rates in the Brazilian Amazon declined 27 percent from August 2011 to July 2012, reaching the lowest rates ever recorded for the fourth consecutive year, the Brazilian Ministry of Environment announced in a press briefing today. According to data analyzed by Brazil’s National Institute for Space Research (INPE), an estimated 4,656 square kilometers of forests were cleared in the 12-month period, compared to 6,418 square kilometers in the previous 12-month period (Portal Brasil).

RIO

The Provisional Measure 584/2012, which abolishes taxes and contributions for many operations related to the 2016 Olympic and Paralympic Games, which will be held in Rio de Janeiro, was approved by a joint committee of the Senate. Tax exemptions cover products and services purchased abroad and in the domestic market. The main condition for the benefit is that these products or services are dedicated to the use or consumption of the organization or the holding of the events. The lifetime of these exemptions is from January 1 to December 31 of 2017 (Federal Senate).

Plans were presented for the introduction of a light rail system or tram for Rio’s centre and the new Porto Maravilha docklands area.

SAO PAULO

What are Sao Paulo’s best hotels and restaurants? Do the polls on the Sao Paulo City Brief page.

The Sao Paulo project for the FIFA 2014 World Cup has gone far beyond the building of the stadium was. Consisting of urban mobility initiatives, new universities and a business park, the raft of improvements made in the suburb of Itaquera and the entire eastern side of Sao Paulo and its population of over four million is a clear example of the legacy that the FIFA World Cup can have for a major city (FIFA).

Two companies, Estação da Luz Participações and BTG Pactual Gestora de Recursos, are interested in setting up a network of four express railway services around Sao Paulo, to Campinas, Sorocaba, Sao Jose dos Campos and Santos. Trains will be travelling at 160 kilometers per hour, the Brazilian press reported.

Check out what’s on at the prestigious Sala Sao Paulo!

SOUTH

Sustainability and urban mobility are two of the legacies that the government intends to generate from the 2014 World Cup. In Curitiba, the “Hibribus” is an example of this. It is a hybrid bus powered by two engines, with one running on electricity and the other on biodiesel (Portal Brasil).

Politics & Government News

In Brazil on November 23, 2012 at 11:41 am

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POLITICS

Brazilian media reported that Aecio Neves, the former governor of Minas Gerais State is expected to take the lead in Brazil’s opposition PSDB party in 2013, which would put him in a strong position to participate in the country’s 2014 presidential elections.

INTERNATIONAL

The National Immigration Council (CNIg), an organization linked to the Brazilian Ministry of Labor, approved new rules that will facilitate the granting of temporary visas to foreigners who come to work in the country exclusively for the preparation, organization, planning and execution of the FIFA Confederations Cup 2013, the 2014 World Cup and the 2016 Rio Olympic and Paralympic Games (Portal Brasil).

BRAZIL WEEKLY STORE MUSIC

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DEFENSE & SECURITY

Defense company Avibras announced the sale of 36 Astros 2 MK6 missile launch platforms to Indonesia, a deal worth araound 400 million USD, the Brazilian press reported.

The National Agency of Civil Aviation (ANAC) published rules that will govern the transfer of information regarding passengers and crew to the Federal Police (PF); a practice that airlines operating in the country will be required to adopt, as already occurs in more than 20 countries. Resolution 255, published in the Official Federal Gazette, requires airlines to adopt the Advanced Passenger Information System (API), currently used by 50 countries, and the Passenger Name Record System (PNR), used by 29 (Portal Brasil).

Atech, a company owned for 50% by Embraer’s Defense subsidiary, will particpate directly in the development of the reactor of Brazil’s future nuclear submarine. Valor reported that Atech will be responsible for the development of the control system of the nuclear-electric system known as Labgene, the main and most complicated part of the reactor.

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SCIENCE

The Science without Borders program has opened inscriptions for a further 18,000 scholarships abroad. The Science without Borders program seeks to promote the consolidation, expansion and internationalization of Brazilian science and technology, innovation and competitiveness through international exchange and mobility. To President Dilma Rousseff, the results achieved so far show that it is progressing toward the goal of taking 101,000 students overseas by 2014 (Portal Brasil).

 

Business & Economy

In Brazil on November 23, 2012 at 11:38 am

ROYAL DUTCH BUSINESS

The biggest Dutch business mission ever descended on Brazil last week. Read how they fared in Royal Dutch Business.

ECONOMY

The unemployment rate was estimated at 5.3%, the lowest in a month of October since the beginning of the series (March 2002). It was stable in comparison with the September result (5.4%). In comparison with October 2011 (5.8%), there was decline of 0.5 percentage points. Note that the Monthly Employment Survey is conducted only in the metropolitan areas of Recife, Salvador, Belo Horizonte, Rio de Janeiro, São Paulo and Porto Alegre (IBGE).

The global economic climate continues to worsen, but improves in Latin America. The Ifo/FGV Economic Climate Indicator for Latin America (ECI) – developed in partnership between the German Ifo Institute and the FGV taking as a data source the Ifo World Economic Survey (WES) – advanced in October to reach 5.2 points, after decreasing to 4.8 points in the previous quarter. The Ifo/FGV Present Situation Indicator (PSI) has risen but remains at relatively low level, being the second worst since April 2010 (exceeding only last July). On the other hand, the Ifo/FGV Expectations Indicator (EI) jumped to the highest level since January 2011. Despite the ECI for October registering the same level of last April, the improved expectations would signal an expansion phase of the business cycle for the coming months (IBRE).

In the preview of November 2012, the Industry Confidence Index (ICI) decreased 0.8%, the IBRE reported.

Brazil raised its gold reserves for a second month in October to the highest level in more than 11 years. Brazil’s holdings expanded 17.2 tons last month to 52.5 tons, the most since January 2001, the International Monetary Fund revealed.

Brazil’s real fell to a three-year low after President Dilma Rousseff told Valor Economico that the currency is “overvalued,” spurring speculation that the government will allow it to depreciate further (Bloomberg).

Brazil is now expected to grow 3.96 percent in 2013, a Central Bank survey showed, down from an estimated growth of 4.00 percent in the previous survey, Reuters reported.

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CITY BRIEFS

Check out Brazil Weekly’s new feature City Briefs, a series of introductions to the country’s main economic centers, packed with relevant info for business travelers. First to hit the net were the Brazil Weekly City Briefs on Brasilia, the federal capital of Brazil and Belo Horizonte, the country’s third economic centre. Latest addition is a City Brief on Sao Paulo!

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AGRI ETC

Soybean farmers in Brazil are becoming more concerned about invasive weed species in their soybeans fields, especially herbicide resistant weeds such as pigweed, Soybeans & Corn Advisor reports. Pigweed has become one of the principal weed problems in southern Brazil and it continues to migrate northward in Brazil. Scientists believe there are several million hectares in southern Brazil where herbicide resistant pigweed has become a significant problem.

AVIATION

The auctions for the concessions on the international airports in Rio de Janeiro and Belo Horizonte will not be held until next year, O Globo reported.

BANKING & FINANCE

Caixa Economica Federal, a state owned bank, plans to start its investment-banking unit by the second quarter of 2013, Bloomberg reported.

Banco do Brasil SA may reduce staff in order to cut costs and bolster its share price, Reuters reported. The state controlled bank may opt not to fill some of the slots left vacant by as many as 16,000 employees that are on the verge of retirement.

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MINING & STEEL

Vale began production in the Lubambe copper mine – previously called Konkola North project. The operation includes an underground mine, a plant and related infrastructure located in the copper belt of Zambia. With a nominal production capacity of 45,000 metric tons per year of copper concentrate, Lubambe is a joint venture in which Vale holds a 50% stake.

The Vale Minas Gerais, a Valemax ship, docked for the first time at the Villanueva Port in the Philippines. The world’s largest ore carrier left the Ponta da Madeira Maritime Terminal in Brazil and after almost two months reached its final destination. Seven ports are receiving Valemax vessels including Villanueva Port. So far, the ships have docked at the ports of Tubarão and Ponta da Madeira (Brazil), Taranto (Italy), Rotterdam (Netherlands), Sohar (Oman) and Oita (Japan), as well as the floating ore transfer station in Subic Bay, in the Philippines (Vale).

OIL & GAS

Petrobras is losing a record $8 billion at its refining unit this year. Lacking refining capacity to meet demand, Bloomberg reported. Petrobras increased gasoline imports 65 percent to 84,000 barrels a day in the third quarter. The imports, which the company sells at about 8 percent less than cost, caused year-to-date losses at its refining division to widen to 17.3 billion reais ($8.4 billion) from 10 billion reais for the whole of 2011.

The further weakening of the real against the dollar could raise pressure on Brazil’s government to allow Petrobras to increase fuel prices, Chief Executive Maria das Graças Foster told Reuters.

Regional & Culture News

In Brazil on November 23, 2012 at 11:35 am

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BEST ENGLISH BOOKS ON BRAZIL

Be welcome to check out Brazil Weekly’s book store in cooperation with Amazon.com! Browse the Brazil Weekly Store for highly relevant maps, books on politics, economics and history as well as travel or tourist guides and translated Brazilian literature. Click on the categories and watch our slide shows go by, packed with Brazil Weekly’s picks. You order straight with Amazon, one of the best online stores in the world. Enjoy!

NEW FEATURE: WEEKEND BREAKS!

Brazil Weekly now offers another new feature: Weekend Breaks! Over the next months we will show you how to enjoy your weekend out of town when staying in Brazil’s biggest business cities. First online is our Weekend Break out of Belo Horizonte, to the famous historic town of Ouro Preto, a must to visit!

BRAZIL WEEKLY’S BRAZIL’S NEXT 10 HOTTEST BUSINESS CITIES

No doubt the biggest and most important business 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. So for a minute forget Sao Paulo, Rio and those other 2014 World Cup host cities and check out Brazil Weekly’s Brazil’s Next 10 Hottest Business Cities.

ATLANTICO WEEKLY

Be welcome to visit Brazil Weekly’s sister publication Atlantico Weekly, with news about Angola and Cape Verde, two upcoming Portuguese speaking countries. Read the Grand Tour of Cape Verde, Atlantico Weekly’s visitor’s guide to Cape Verde’s main islands, and read our forecast Cape Verde in 2030, a realistic glimpse of the small nation’s bright future and check out Entrepreneurs of Cape Verde, a series of interviews with local entrepreneurs. But there is much more…

FIFA WORLD CUP 2014

The 12 states that are to host matches in the Confederations Cup and the World Cup will be responsible for providing the police presence at the venues of the competitions and other events related to the tournaments, in addition to strategic security points in the country. One police officer is expected for every 50 people in the stadiums, including delegations, fans, and media professionals, among others (Portal Brasil).

NORTH EAST

Brazil’s National Development Bank BNDES approved the financing with 329,3 million Reais for the construction of the International Airport of São Gonçalo do Amarante, near Natal, the capital of Rio Grande do Norte State. The airport is to take over the civil aviation functions of Augusto Severo Airport, that will be serving as a purely military base in the future. The new international airport will be ready in time before the FIFA World Cup in 2014. It will also be able to serve as a hub for flights connecting Brazil and Europe and have an initial capacity of 6.3 million passengers per year (BNDES).

PROJECT OF THE WEEK

Render of the Golden Tulip Hotel for Campos de Goytacazes in Rio de Janeiro State (Skyscrapercity).

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RIO

Police in Rio are gradually replacing their rifles with non-lethal weapons such as electro-shock taser guns, the Rio Times reported. The move will mainly affect police on radio-patrol missions in pacified favelas.

SAO PAULO

What are Sao Paulo’s best hotels and restaurants? Do the polls on the Sao Paulo City Brief page.

Check out what’s on at the prestigious Sala Sao Paulo!

The area around Sorocaba, a booming city west of Sao Paulo, received investments of 1.3 billion USD in 2011, the Brazilian press reported.

A heavy Brazilian delegation, led by Foreign Minister Patriota and including Mayor Kassab of Sao Paulo as well as the Mayor-elect Haddad of that city, officially presented in Paris the City of Sao Paulo as a candidate for hosting the 2020 World Expo. Around 4 billion Reais are expected to be invested in the project, that will be located in the north of the city. Among the other contestants are Jekaterinenburg, Izmir and Dubai.

Sao Paulo State Governor Alckmin replaced his Secretary for Security as the latest spate of violence in and around the city of Sao Paulo appears to be out of control, leaving dozens of people dead or wounded almost every day.

Politics & Government News

In Brazil on November 16, 2012 at 12:23 pm

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POLITICS

After the vote was postponed four times because of a lack on consensus, the Internet Bill of Rights, a bill that establishes the rights and obligations of Internet users in Brazil, is back on the floor of the Chamber of Deputies. The latest section to draw fire is a paragraph in article 15 of the bill that states that case of copyright infringement do not require court order to be taken down (Knight Center).

Jose Dirceu, once chief of staff to former President Lula and one of the founders of the Workers’ Party, was sentenced to over 10 years in prison for running a congressional vote buying scheme, the so called mensalao.

The Brazilian daily Estado de São Paulo and the University of São Paulo (USP) will launch in early November the “Corrupteca,” a digital library of sorts that will aggregate news and academic articles on corruption, the newspaper informed (Knight Center).

SPLIT SECOND POLLS

What are Sao Paulo’s best hotels and restaurants? Do the polls on the Sao Paulo City Brief page.

INTERNATIONAL

Brazil was elected along with seventeen other countries, to the United Nations Human Rights Council for a three-year term (2013-2015), having received a significant vote of 184 from the total of 193 countries with voting rights. In this new term, Brazil will work toward the continued strengthening of the Council and will emphasize, without prejudice to other initiatives, non-politicization and non-selectivity; combating all forms of discrimination; the right to healthcare; and the expansion of cooperation between countries in combating transnational violations and in the exchange of successful experiences, Portal Brasil announced.

BRAZIL WEEKLY STORE MUSIC

Check out the latest additions to the Brazil Weekly Store, our online shop in cooperation with Amazon.com. Now also listing Brazilian music cds!

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DEFENSE & SECURITY

Work on the Comandante Ferraz Antarctic Base (EACF) will be resumed by the Brazilian government over the next four months – the summer period in the region. And the 31st Antarctica Operation (Operantar) is already at sea, mobilizing 200 researchers and five ships in an initiative from the Ministry of Science, Technology and Innovation (MCTI), the Ministry of Environment (MMA) and the Ministry of Defense (Portal Brasil).

Brazilian press reported that Embraer, the country’s aircraft maker is studying to enter the naval shipbuilding market in order to supply the Brazilian Navy with ships.

Colombian shipbuilder COTECMAR is expected to sign a contract by November with the Brazilian Navy (MB) to build four Lancha Patrullera de Río (LPR) fast riverine patrol boats. The boats are to be built in Colombia and customised for the MB, Jane’s

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Business & Economy News

In Brazil on November 16, 2012 at 12:22 pm

NEW FEATURE: WEEKEND BREAKS!

Brazil Weekly now offers another new feature: Weekend Breaks! Over the next months we will show you how to enjoy your weekend out of town when staying in Brazil’s biggest business cities. First online is our Weekend Break out of Belo Horizonte, to the famous historic town of Ouro Preto, a must to visit!

ECONOMY

In 2010 there were 33.320 high-growth enterprises in Brazil, which are those that increased the number of the employees by 20% in a period of three years. These employed five million persons and paid R$ 88 billion in wages and other remunerations. 32,863 of these enterprises were classified as organic growth enterprises, which means that the rise in the number of employed persons occurred through employment creation rather than fusions with existing firms (IBGE).

In September 2012, the country’s retail trade recorded a positive change of 0.3% for the volume of sales and of 1.0% for the nominal revenue, both rates in relation to the previous month (seasonally adjusted) (IBGE).

Brazilian seaborne trade fell 0.4 percent in the third quarter compared with a year earlier as declines in both imports and exports showed weakness in domestic and international markets, Danish shipping company Maersk Line said according to Reuters. It was the worst result since at least the first quarter of 2011, the earliest period for which Maersk has results for total Brazilian seaborne trading volumes, according to its first International Trade Report.

The Getulio Vargas Foundation launched the Coincident Indicator of Unemployment (CIU), which aims to monitor the contemporary evolution of unemployment rate in Brazil (PME, IBGE), based on data extracted from surveys of the Brazilian Institute of Economics (IBRE/FGV). After advancing in July and August, stabilizing in September, the indicator decreased 2.5% in October, signaling a drop of unemployment in the margin (IBRE).

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BUSINESS

The Brazilian Post and Telegraph Corporation, known as “Correios”, will open its first overseas office in early 2013. The facility will be built in Miami in the United States, with the support of the Brazilian Agency for the Promotion of Exports and Investments (APEX). The unit will function as a prospecting office, with the task of making initial assessments for the continuation of the internationalization strategy (Portal Brasil).

AGRI ETC

The amount of sugarcane processed by mills in Brazil’s South Central region totaled 36.21 million tons during the second half of October, an increase of 56.54% compared to the same period in 2011, when the total for the two-week period was 23.13 million tons. From the start of the 2012/13 season through October 31, the overall crush totaled 455.56 million tons, down slightly from 460.16 million tons in the same period a year ago, UNICA reported.

Soybean processors in Brazil continue to be concerned about the overcapacity in the industry caused by government tax policies. According to the Brazilian Association of Vegetable Oil Industries (Abiove), the daily crush capacity of active participants in the industry in 2012 is 158,000 tons per day, but only 67% of that is utilized, leaving the industry with 33% of its capacity unused. Brazil was the second leading soybean producer in the world in 2012 and yet it was only the fourth leading processor of soybeans (Soybeans and Corn).

Orange shipments from Brazil to the European Union were suspended after EU officials found samples with black spot fungus, Bloomberg reported.

AUTOMOTIVE

Automotive production capacity in Brazil is expected to outpace demand until 2016, a trend that will pinch margins on small cars – the country’s largest vehicle segment – a Ford Motor Co top executive said, quoted by Reuters.

AVIATION

Gol Linhas Aereas posted a third-quarter net loss of 309 million reais ($150 million). Gol reported a net loss in five of the past six quarters, including a 517 million reais loss in the third quarter of 2011, Reuters reported.

The Minister of Civil Aviation, Wagner Bittencourt, signed Brazil’s adhesion to The Latin American Civil Aviation Commission (LACAC) Multilateral Open Skies Agreement during the closure of the 20th LACAC Ordinary Assembly in Brasilia. The measure represents a first step to increasing the number of available flights in the region and opens up the possibility of new routes and increased connectivity between Latin American countries. To date, the following countries have signed up to the agreement: Uruguay, Dominican Republic, Chile, Guatemala, Paraguay, Panama, Colombia and Honduras (Portal Brasil).

Embraer has signed a firm order of four Embraer 190s jets with Azerbaijan Airlines (AZAL), the national carrier of Azerbaijan. Deliveries are planned to start in the third quarter of 2013. The total value of the deal is USD 180.8 million, at list price, which will be included in Embraer’s fourth quarter of 2012 backlog (Embraer).

Embraer Executive Jets presented its business aviation market outlook at the 9th China International Aviation & Aerospace Exhibition (Airshow China 2012) in Zhuhai, Guangdong Province. The forecast predicts a total demand for 650 business aircraft by the year 2022, with a total value of USD24 billion, representing 9% of the world deliveries’ value (Embraer).

DHL, Fedex, Deutsche Post and Emirates all study the expansion of their cargo aviation facilities on Viracopos airport near Campinas. Emirates has also said it is looking into the possibility of operating passenger flights to that airport, the Brazilian press reported.

BANKING & FINANCE

Brazil’s state development bank expects demand for corporate loans to increase in 2013 as economic growth accelerates from the slowest in three years, Bloomberg reported.

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OIL & GAS

Petrobras announced that the construction work for FPSO Cidade de São Paulo was completed on November 11. The vessel has left the Brasfels shipyard in Angra dos Reis and is currently undergoing final testing in sheltered waters. It is expected to set sail to its definitive site within the next few days. FPSO Cidade de São Paulo’s hull was converted at the Cosco shipyard, in China. Module installation, assembly, and integration work got underway in early 2012, and was done entirely at Brasfels, in Angra dos Reis.

Oil company HRT said it plans to start drilling wells in its Namibian offshore exploration areas in the first quarter of 2013.

Brazil Regional News

In Brazil on November 16, 2012 at 12:14 pm

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BOOK YOUR HOTEL IN BRAZIL!

You can now choose from over 6.300 hotels throughout Brazil…!

PROJECT OF THE WEEK

Render of the 27-floor Ibiza Trade & Financial Center for the city of Blumenau, Santa Catarina State (Skyscrapercity).

BEST ENGLISH BOOKS ON BRAZIL

Be welcome to check out Brazil Weekly’s book store in cooperation with Amazon.com! Browse the Brazil Weekly Store for highly relevant maps, books on politics, economics and history as well as travel or tourist guides and translated Brazilian literature. Click on the categories and watch our slide shows go by, packed with Brazil Weekly’s picks. You order straight with Amazon, one of the best online stores in the world. Enjoy!

BRAZIL WEEKLY’S BRAZIL’S NEXT 10 HOTTEST BUSINESS CITIES

No doubt the biggest and most important business 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. So for a minute forget Sao Paulo, Rio and those other 2014 World Cup host cities and check out Brazil Weekly’s Brazil’s Next 10 Hottest Business Cities.

ATLANTICO WEEKLY

Be welcome to visit Brazil Weekly’s sister publication Atlantico Weekly, with news about Angola and Cape Verde, two upcoming Portuguese speaking countries. Read the Grand Tour of Cape Verde, Atlantico Weekly’s visitor’s guide to Cape Verde’s main islands, and read our forecast Cape Verde in 2030, a realistic glimpse of the small nation’s bright future and check out Entrepreneurs of Cape Verde, a series of interviews with local entrepreneurs. But there is much more…

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CITY BRIEFS

Check out Brazil Weekly’s new feature City Briefs, a series of introductions to the country’s main economic centers, packed with relevant info for business travelers. First to hit the net were the Brazil Weekly City Briefs on Brasilia, the federal capital of Brazil and Belo Horizonte, the country’s third economic centre. Latest addition is a City Brief on Sao Paulo!

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AMAZON

Work on the world’s third largest hydroelectric dam was halted this week deep in the Amazon jungle after workers set fire to vehicles and smashed computers during labor talks, the consortium building the Belo Monte dam said according to Reuters.

ESPIRITO SANTO

Rotterdam Port Authority told Port Finance International that a contract would be signed between RPA and Espirito Santo state, the municipality of Presidente Kennedy and private developer Terminal Presidente Kennedy (TPK) in the first quarter of 2013. It is understood that government delays over the provision of permits has held back the project.

MOST DYNAMIC CITIES

U.S. magazine Foreign Policy recently listed its World’s most dynamic cities of 2025 index. Four Brazilian cities feature on the list, with the following ranking: Sao Paulo on fourth place, Rio 34th and Brasilia and Belo Horizonte on 49th and 67th place respectively. Fastest grower of these four is Brasilia, followed by BH.

FLORIANOPOLIS

Florianópolis, in the southern region of Brazil, has much more than beaches and bars crowded with Brazilian and Argentine tourists. Although most of these tourists who visit the city looking for waves and sand are not aware of it, the region has many trails – and it’s possible to hike them right there, near the city (Folha).

The wave of violence between police and drug dealers has spilt over from Sao Paulo into Santa Catarina State and has led to several deaths, also among the police, in Florianopolis, the Brazilian press reports.

RIO

Don’t miss this concert by Paulinho da Viola at the city’s hottest new spot. This Saturday, the 17th, the samba musician makes his first appearance at Parque de Madureira, with his new show – “70 years of samba”. One of samba’s greatest artists sings in his own neighborhood (Rio Official Guide).

SAO PAULO

Vila Madalena is *the* place for young Brazilian designers and interesting independent stores. Discover all sorts on the neighbourhood’s hilly streets (Time Out).

With the inauguration of the Cooper Power Systems plant in Porto Feliz – located 110 km away from the state capital – the State of São Paulo is now home to a plant capable of producing high-tech equipment that will contribute to the optimization, expansion and maintenance of the electrical infrastructure of energy distribution in Brazil and abroad. The new plant, which already employs 120 workers, marks the beginning of the local production of power capacitors and voltage regulators, in addition to expanding the production of reclosers (InvesteSP).

Everything you always wanted to know about Sao Paulo in the future can be found on the SP2040 webiste, in Portuguese only…

Politics & Government News

In Brazil on November 9, 2012 at 11:43 am

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POLITICS

President Dilma Rousseff is under pressure to veto an oil royalty bill passed by the lower house of Congres this week, that will slash the revenues of Rio de Janeiro state and put the 2016 Olympics and the 2014 World Cup in peril, according to the state’s governor, Reuters reported.

The president of the National Congress, senator José Sarney (PMDB-AP), stated that the definition of a new model to share oil royalties and to vote the law that changes the rules of the States Participation Fund are priorities for the Legislative up to the end of this year. A committee of specialists, established by the Senate to suggest changes in the Federative Pact, handed in proposals for the sharing of PFS’s resources. The first point is the way states are interacting in 2012. The second point deals with a transition period until 2018, based on two calculations: one directly proportional to the population and the other inversely proportional to the gross domestic product per capita of the given state (Federal Senate).

The government will exclude up to 42 billion reais ($20.7 billion) in public spending from the calculation of the so-called primary budget surplus this year, Finance Minister Guido Mantega said ac cording to Reuters. This is seen as an accounting maneuver aimed at meeting a closely watched budget target.

INTERNATIONAL

The Second Invitation for the submission of proposals on technological cooperation between Brazil and Israel was released. The initiative is part of the activities envisaged in the 2007 Memorandum of Understanding (MOU) on Bilateral Cooperation in Industrial Research and Development in the Private Sector. The new phase of the project is aimed at three sectors considered to have the greatest potential for industrial cooperation between the two countries: Defense, Health and Information and Communication Technology (ICT) (Portal Brasil).

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DEFENSE & SECURITY

Last weekend 130 Navy, Army and Air Force (FAB) personnel set off for the Haitian capital Port au Prince where the new Brazilian contingent will join the United Nations Mission for Stabilization in Haiti (MINUSTAH). By early December, a further nine transfer flights are scheduled to take 522 troops to the Caribbean country, an effective total of 652 men from the 1st Peacekeeping Force Infantry Battalion (BRABATT 1). This is the 17th contingent Brazil has sent to Haiti. The country has led the MINUSTAH since the mission was established in 2004 (Portal Brasil).

Brazil will take an important step in the field of conventional and nuclear submarine technology with the inauguration of the Metal Structure Fabrication Unit (UFEM) in Itaguaí, scheduled for this month. In a built area of 90,000 square meters, including the impressive 47-meter-high main hangar, segments of submarines will be made for subsequent assembly in the shipyard. The efforts are part of Submarine Development Program (Prosub) which will guarantee Brazil four modern conventional submarines as of 2017 and a nuclear submarine, scheduled to enter into operation by 2025 (Portal Brasil).

Embraer Defense and Security participates in the 5th Indo Defence Expo and Forum at JIExpo Kemayoran, Jakarta, Indonesia.  Embraer Defense and Security promotes its full line of integrated solutions at the event. This includes state-of-the art radar technologies, unmanned aerial systems (UAS), advanced information and communications systems as well as military aircraft such as the KC-390 medium lift military transport jet that is currently in development, the company’s range of VIP transportation jets, and the A-29 Super Tucano light-attack aircraft, of which 16 units have been ordered by the Indonesian Armed Forces (Embraer).

WANTED

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SCIENCE & EDUCATION

South Korea is one of the destinations of the Science without Borders program and concrete results have already been seen in the scientific exchange sponsored by the Brazilian government. According to Glaucius Oliva, President of the National Council of Scientific and Technological Development (CNPq), 102 undergraduate students and one postdoctoral student have already begun their studies in the country (Portal Brasil).

The São Paulo Research Foundation (FAPESP) and the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) are jointly issuing a new public call for proposals for the support of research projects under the Scientific Cooperation Agreement between the institutions. The call for proposals seeks to enhance scientific cooperation in the field of global change research and is announced simultaneously by FAPESP and DFG. The aim of this call is to invite proposals which contribute to the theme: “Land-use Change and Land-use Management under Conditions of Global Change” (FAPESP).