The Brazilian president Michel Temer has abolished an Amazonian reserve the size of Denmark, prompting concerns of an influx of mineral companies, road-builders and workers into the species-rich forest. The dissolution of the Renca reserve – which spans 46,000 sq km on the border of the Amapa and Para states – was described by one opposition senator Randolfe Rodrigues of the Sustainability Network party, as the “biggest attack on the Amazon of the last 50 years”.
Many historic, colonial mansions in the traditional neighborhood of Santa Teresa are on Sale now, and prices have considerably dropped. This may be an opportunity for investors, to find real estate at a low price which may be worth a lot more in future. Investors from London and New Zealand have recently rebuilt a centenary mansion in Santa Teresa, into an Apart Hotel. 
The National Consumer Price Index (IPCA) in Brazil registered a deflation of 0.23 percent in June, according to the IBGE (Brazilian Statistics Bureau). This is the first negative result registered in eleven years and the lowest for the month since the beginning of the Real Plan economic plan, in 1994. Brazil,Retailers promoted sales due to lower purchasing power by consumers, driving food prices down in JuneRetailers promoted sales due to lower purchasing power by consumers, driving food prices down in June, photo by OS2Warp/Wikimedia Creative Commons.“The three most important groups for the domestic household budget have fallen, affecting the main…
A report released on Monday (July 17th) by the World Trade Organization (WTO) says that the Brazilian economy will have a gradual recovery in 2017, but growth will be weak for an extended period of time. The international trade entity is currently reviewing Brazil’s trade policies and practices. Brazil, Brazil news,The World Trade Organization is reviewing Brazil's trade practices and forecasting the country's economic future this week, “Despite Brazil’s mainly solid economic fundamentals, downside risks to the economic outlook remain,” says the report issued by the WTO adding, “The economy remains vulnerable to a re-intensification of political uncertainty, as well…
Total’s plans to drill near Brazil’s newly discovered Amazon Reef have suffered a setback after the federal prosecutor of the state of Amapá has recommended the suspension of environmental licensing for their planned deepwater drilling project. But what are the economic and environmental elements in play in this multi-faceted drama as Total and its partners await the verdict?The discovery in 2007 of massive oil reserves in the offshore area now known as the Subsalt Polygon has provoked considerable excitement about the growth potential of Brazil’s offshore oil and gas market. A particular focus for enthusiasm is the country’s deepwater and…
Plans to reduce forest protections linked to attacks on inspectors and campaigners, environmental groups said after two land rights activists murdered.Environmental campaigners have blamed the Brazilian government and Congress for intensifying violence in the lawless Amazon after two land activists were murdered and a transporter carrying vehicles for Brazil’s environment agency was torched last week.Activists said plans to reduce forest protection gave farmers, loggers and land grabbers a sense of impunity to attack government inspectors and activists squatting rural properties.
BRUSSELS - The main points of market access in a trade deal between the South American Mercosur bloc and the European Union need to be concluded by December, Brazil's chief negotiator said on Thursday. The EU and Mercosur have committed to a series of negotiations until the end of the year in what both parties say is a last-ditch effort at sealing a deal that has suffered a series of setbacks since talks first began in 1999.
Petrobras should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study. The study by a Mines and Energy Ministry research arm, recommended that Brazil's state-owned oil firm cap gas purchases from Bolivia's Yacimientos Petrolíferos Fiscales Bolivianos SA at 16 million cubic meters a day of gas.
Industrial production in Brazil registered a growth of 0.8 percent in May according to data from the IBGE (Brazilian Statistical Bureau). Although this is the second consecutive positive rate recorded by the Brazilian industry, some sectors, like the automobile industry still forecast weak months ahead.With the results of May, the industry has accumulated a growth of 1.9 percent in the last two months, compensating for the retraction by 1.6 percent seen in March. In the annual comparison (May 2017/May 2016) this year’s results accumulated a growth of four percent, the highest growth of year/year since February of 2014. Although in…
The rise in prices all over the world and the volume of exports led the government to increased the surplus in the commercial balance estimated for 2018. The forecast went from $55 billion to $60 billion, which would represent the country's highest balance.According to Herlon Brandao, director at the Department of Statistics and Support for Exports, linked to the Ministry of Industry, Foreign Trade and Services, the change came as a result of the estimate for the balance of trade later this year. Soy "With the performance of exports and imports, a number of goods are in the spotlight. The…
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