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How to set up a company in Brazil

How to set up a company in Brazil Setting up a business in any country is a challenge, especially having to consider each country’s laws and rules in setting up, opening, and maintaining a business in Brazil also presents just as much difficulty, but with the right information and tools, it becomes a lot easier. Having a corporation in Brazil can only come after much consideration and obeying the several types of obligations set out by the government. Depending on various factors and the objective of your…

Latin America Business: 2021 Growth Predictions Jump

In a highly positive sign for Latin America business and investment, the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) has significantly raised its predictions for growth in the region during 2021, offering a strong indication of economic reactivation in the wake of the global pandemic. According to a newly released report from ECLAC, gross domestic product (GDP) in Latin America and the Caribbean is now expected to grow 5.9% overall, having been predicted to grow 5.2% in…

Climate for Business in Latin America Best in three Years: Report

The climate for doing business in Latin America is the best it has been in more than three years, according to a report released by a leading Brazilian economic institute. According to newly released analysis from the Getulio Vargas Foundation (FGV), among ten major countries from Latin America, the overall business climate in the Q3 of 2021 is the best it has been since Q1 of 2018. That suggests the environment for doing business in Latin America is currently stronger than it was long before the…

Brazil economy outshines Mexico after surprise role reversal

Brazil’s pandemic response has been to spend heavily while Mexico has done the opposite and is in a deep slump. The divergence between Latin America’s two largest economies, Brazil and Mexico, is widening as the region’s most prominent left- and right-wing leaders adopt stridently different fiscal responses to the COVID-19 pandemic. Their approaches, however, are not what would be expected – and investors are adapting accordingly. The right-wing administration of President Jair Bolsonaro…

Bolsonaro’s popularity jumps as Brazil economy improves and crime drops

Brazilian President Jair Bolsonaro’s approval rating has surged, thanks to an improving economy and his government’s efforts to fight corruption and make Brazil’s cities safer, according to a poll released on Wednesday. The CNT/MDA poll showed Brazilians are more worried about the economy, jobs and public security than controversies that surround Bolsonaro, who had to fire his culture secretary last week for copying Nazi propaganda chief Goebbels in a speech. Reversing a steady decline in popularity in…

Brazil approves pensions’ reform: markets soar and stocks hit an all-time​ high

Brazil’s Senate on Tuesday gave final approval to a landmark reform of the country’s social security system, in a step seen as key to stabilizing public finances and the economy. The text was approved by a vote of 60-19. Earlier in the day the Senate Constitutional and Legal Affairs Committee approved the text of a pension reform bill, while Brazilian markets rallied and stocks hit an all-time high as the government’s key policy this year to revive flagging economic growth was achieved. Pension…

At last,​ the Brazilian economy rebounds spurred by construction and industrial production

Brazil’s economy rebounded strongly in the second quarter after having shrunk in the first, official figures showed on Thursday, indicating Latin America’s largest economy comfortably avoided falling back into recession. The 0.4% growth in the April-June period will be a relief to President Jair Bolsonaro’s government, which was in large part elected to revive an economy that was struggling to fully emerge from the devastating 2015-16 recession.  But economists were not convinced that the factors…

BlackRock bets on ‘cheap’ markets in Brazil and Argentina

When it comes to Latin America, BlackRock Inc. favours Brazilian and Argentine stocks “We see both markets and currencies trading at very cheap levels,” said Ed Kuczma, BlackRock’s portfolio manager, who oversees US$1.9 billion in the company’s Latin American equity funds. “The weakness we’re seeing right now creates long-term opportunities, as companies will take advantage of the weak growth to right-size their operating structure,” Kuczma said by phone. Brazil’s benchmark equity Ibovespa…

Brazil agribusiness group seeks bankruptcy protection

Privately owned Brazilian agribusiness group Itaquere has filed for bankruptcy protection to restructure 482 million reais ($127 million) of debt, according to a letter from management seen by Reuters. In the letter dated March 21, the group, based in Brazil’s top grains state Mato Grosso, blames a prolonged economic crisis, along with adverse climate conditions and currency swings, for its financial woes. The letter was signed by the group but not by any particular executive. Itaquere and MLuz, named in…

Which countries have the highest public debt levels?

Global debt has climbed at an eye-watering pace over the last decade. According to the International Monetary Fund, global debt climbed to 225% of global GDP in 2017. That’s 12 percentage points higher than the previous record level set in 2009, during the Global Financial Crisis, and many have pointed toward the global debt pile-up, particularly public debt, as the potential culprit for the next global financial crisis. Countries with most public debt Infogram The increase in global debt over the last…

What now for South America and Venezuela as the pink tide recedes?

While nearly two decades of ideologically driven economic mismanagement has turned Venezuela from a relatively wealthy oil state into a Zimbabwe-like basket case, Chile has mainly stayed the course, politically and economically, just to the right or left of the sensible centre. Wild swings avoided Since the restoration of democracy in the late-1980s, this long, thin ribbon of a country has largely avoided the wild boom-and-bust pendulum swings that have characterised much of the continent’s stop-start…

What Brazil’s President-elect Jair Bolsonaro is likely to change

Congressman Jair Bolsonaro won Brazil’s presidency Sunday on promises to overhaul several aspects of Latin America’s largest nation. A glance at the top issues that are likely to change in a Bolsonaro administration: ENVIRONMENT More than half of the Amazon rainforest is in Brazil, and some environmentalists worry Jair Bolsonaro’s presidency will open it up to increased deforestation and mining. Also, some observers believe Jair Bolsonaro’s strong ties to agribusiness leaders in Congress,…

5 things: Brazil’s economic downturn and what to expect going forward

Brazil’s economy has had a tough time of it so far this year. The truckers’ strike, the depreciating real and the uncertainty regarding presidential elections have all contributed to Brazil’s economic woes in 2018. In this post, Senior Economist Angela Bouzanis answers some key questions regarding Brazil’s economic outlook as we head into 2019. 1. Brazil’s economic outlook has worsened considerably since the start of 2018. What has caused more pessimistic view on economic…

The important role that Brazil has in global agriculture

A report entitled The State of Agricultural Commodity Markets 2018, recently published by the United Nations Food and Agriculture Organization (FAO), places Brazil as the world’s third biggest exporter of agricultural goods. In the document, FAO warns about the impact of climate change on agriculture and food security on the planet up to 2050. The information was given by UN News. In the document, released Monday (Sep. 17), FAO reveals that the value of global trade in agriculture more than tripled in…

Brazil Farmland is now available for Foreign Ownership again

Common Sense Returns to Brazil Farmland Brazil’s government plans to lift current limits on foreign ownership of Brazil Farmland, Secretary of Investment Moreira Franco, the person behind privatization for the new administration, told Reuters on Wednesday. Franco called the restriction on sales of Brazil Farmland to foreign individuals and companies “nonsense” and said interim President Michel Temer will reconsider the issue. The restriction was adopted in 2010 by former President Luiz Inacio…
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