Brazil's central bank has announced plans to reduce the amount of money commercial banks keep in reserve, in a bid to boost economic growth.
The bank says the measure will free up some $13bn (£7.6bn), which banks could lend to businesses and individuals.
The Brazilian economy is expected to expand by 1% this year - the fourth consecutive year of sluggish growth.
The central bank announcement comes less than three months before presidential elections.
President Dilma Rousseff will seek a second four-year term in October.
In 2010, when she was elected, Brazilian gross domestic product (GDP) grew by 7.5%.

Growth dropped to 2.7% in 2011, 1% in 2012 and 2.5% last year.

Published in Economy
Sunday, 06 July 2014 00:00

Work for Brazil

There's a spoof calendar doing the rounds in the Brazilian media.

It's particularly popular among online hacks who can't resist a dig at Brazil's many flaws and weaknesses.The calendar essentially highlights the three or, at a push, four months during the coming year that Brazil will be "open for business". After the usual extended summer holidays, we'll all be briefly back to work before clocking off again for Carnival.

Published in Business
Friday, 06 June 2014 00:00

Doing Business In Brazil

Researching the Market
Why Brazil? Brazil is simply too big a market to ignore. It is the fifth-largest country in the world, with a population of approximately 200 million. It has one of the world's most rapidly developing economies and a GDP per head that is greater than either India or China. It has natural resources in abundance, a developed industrial base, high standards in scientific research and substantial human capital.

Published in Start Ups
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