With a Toy Weapon Former Official Takes Hostage and Demands Cleaner Politics in Brazil
After holding hostage a hotel employee in downtown Brasília, the capital of Brazil, for ne...

Read more

"We Are Not Dying," Answer Indigenous Peoples to Sensationalized Photo Expo
An Amazon Indian protested outside the exhibition of controversial photographer Jimmy Nel...

Read more

Brazilian Nattan Pires: a New Star in the World Fashion Constellation
In the competitive world of international fashion, the Brazilian model Nattan Pires has s...

Read more

Bahia Port in Brazil Gets Green Light Despite Greens' Opposition
The government has authorized the beginning of the construction of Porto Sul, in the city...

Read more

President's Rise in the Polls Is Sinking the Brazilian Real
Brazil's real advanced from a seven-month low as the Brazilian central bank signaled it w...

Read more

Brazil President Tells UN She Wants More Power for Developing Countries
President Dilma Rousseff criticized on September 24 the delay in providing developing cou...

Read more

Brazil's So-called Free Electoral Ad Time Costs Taxpayers US$ 350 million
According to Brazilian law, open television channels and radio stations must set aside a ...

Read more

Former Political Prisoners in Brazil Visit Place Where They Were Tortured
Former political prisoners, accompanied by experts and members of the National Truth Commi...

Read more

Brazil Presidential Candidate Marina Silva Vows to Promote Democracy in Cuba if Elected
Brazilian resident Dilma Rousseff's main foreign affairs' advisor Marco Aurelio Garcia de...

Read more

Fear Campaign in Brazil Hurts Marina and Helps Reelection of President Rousseff
Brazilian President Dilma Rousseff effective television campaign seems to have eroded Mar...

Read more

Rio Celebrates Car-Free Day Promoting Bike Riding
A number of actions were staged in Rio de Janeiro, Brazil, in observance of the World Car...

Read more

Brazil Takes to the Streets in Defense of Religious Freedom
Nearly a thousand people took part in the 7th Walk for Religious Freedom along Copacabana ...

Read more

With a Toy Weapon Former Official Takes Hostage...
"We Are Not Dying," Answer Indigenous Peoples to...
Brazilian Nattan Pires: a New Star in the...
Bahia Port in Brazil Gets Green Light Despite...
President's Rise in the Polls Is Sinking the...
Brazil President Tells UN She Wants More Power...
Brazil's So-called Free Electoral Ad Time Costs Taxpayers...
Former Political Prisoners in Brazil Visit Place Where...
Brazil Presidential Candidate Marina Silva Vows to Promote...
Fear Campaign in Brazil Hurts Marina and Helps...
Rio Celebrates Car-Free Day Promoting Bike Riding
Brazil Takes to the Streets in Defense of...

 

Brazil Betting on 7 Million Foreigners and US$ 9.2 Bi, in 2014

Brazilian sporting national colorsForeign tourists are expected to spend up to US$ 9.2 billion in Brazil in 2014 due to the soccer's World Cup, to be held in 12 Brazilian cities. This is the most recent estimate by the Brazilian Tourism Institute (Embratur).

If this forecast is confirmed, visitors' expenditures in the country shall represent an increase of 38.5% in relation to 2012, when foreigners injected US$ 6.6 billion in the Brazilian economy.

Embratur does not yet have the final figures for 2013, but up until November, visitors from other countries had spent US$ 6.13 billion in Brazil.

The Institute calculates that foreign tourists spent between US$ 6.6 billion and US$ 7.7 billion in the country during the last year as a whole.

Also according to the Embratur forecasts, a record seven million foreigners are expected to come to Brazil in 2014. This calculation is based on the fact that Brazil will host the World Cup, with games from June 12 to July 13 in the cities of Porto Alegre, Curitiba, São Paulo, Rio de Janeiro, Belo Horizonte, Cuiabá, Brasília, Manaus, Salvador, Fortaleza, Natal and Recife.

Oil Up

Brazil's oil production increased by 1.8% in November 2013 in relation to the same month in the previous year and reached 2.081 million barrels per day. In relation to October, there was an increase of 0.1%.

According to the information released by the Brazilian National Petroleum Agency (ANP), the production of natural gas was of 79.1 million cubic meters per day in November, an increase of 7.8% over the same period in 2012, and 8.5% in comparison with October.

In November, Brazil produced 2.578 million barrels of oil equivalent per day (boe/d), a measure that includes both oil and natural gas production. According to the ANP, oil production from the pre-salt layer was of 339.4 thousand barrels per day.

Natural gas in the pre-salt layer, in turn, reached 11.5 million cubic meters per day. The production of oil equivalent in the pre-salt layer was of 412 thousand boe/d, representing an increase of 10.8% over October 2013.

The ANP statement informs that approximately 91.7% of the Brazilian production of oil, and 71.8% of natural gas extraction come from sea fields. Areas operated by Petrobras, the Brazilian state-owned company in the sector, produced 92.1% of the Brazilian oil equivalent in November.

According to the ANP, the Marlim Sul field, at the Campos Basin in Rio de Janeiro, had the highest oil production in November: an average of 275.1 thousand barrels per day.

The Manati field, in turn, at the Camamu Basin, in the state of Bahia, was the greatest producer of natural gas, with an average of 6.2 million cubic meters per day.

From the total oil production in November, 10.5% was light density, 61.6% medium and 27.8% heavy oil. The API (unit that measures oil quality) for the November production was of 24.5°, that is, medium oil. The lighter the oil, the higher is it's value.

Primary Surplus Met

The Brazilian Central Government primary surplus (Central Bank, National Treasury and Social Security) in 2013 reached approximately R$ 75 billion (US$ 31.5 billion), stated Brazil's Finance Minister Guido Mantega.

The primary surplus is the saving of resources to pay off interests of the public debt. The target set by the Government for 2013 was of R$ 73 billion (US$ 30.6 billion). Traditionally, the result is released by the National Treasury at the end of each month, but, this time, the minister anticipated the announcement.

Originally, the Budget Directives Act (LDO) established the surplus target at 3.1% of the federal, state and municipal GDP in 2013. Later, the government launched mechanisms that allowed for cost reductions with the Growth Acceleration Program (PAC) and revenues that didn't come in due to exemptions, and revised the target to 2.3% of the GDP, that is R$ 110.9 billion (US$ 46.5 billion).

At the end of November, the National Congress approved an amendment to the LDO exempting the Federal Government from compensating target underachievement by state and municipal governments.

In November last year, there was a record public sector primary surplus, after a weak result in October. One of the contributing factors for a better result in November was allowing for special installment payments plans for banks, insurance companies and Brazilian multinationals, which renegotiated late taxes and drove up Government revenues.

The bonus paid for signing the Libra oil field bid, in Brazil's pre-salt layer, also helped drive the primary surplus.

Cars Down

Car sales in the internal Brazilian market decreased by 2.29% in 2013, in comparison to 2012, reaching 5.458 million units during the year. The drop was driven by the low performance of the automobile sector, with a reduction of 3.05% in comparison with the previous year.

Sales of trucks and buses, on the other hand, increased in average 14.36%, according to the National Federation of Motor Vehicle Distributors (Fenabrave).

In spite of the reduction, the performance in December was good, with an increase by 16.03% in relation to November, and stable in comparison with December 2012. In the last month of the year, many consumers anticipated their vehicle purchases, with the expectation of a gradual reduction in the Industrialized Product Tax (IPI) discounts.

ABr/Anba

Who's Online

We have 5568 guests and no members online

Statistics

Users
2
Articles
17073
Articles View Hits
119238227

----------

Choosing brazilian hair weave for perfect hairstyle at BestLaceWigs.com

----------

Find fashion dresses online at factory price on 27Dress.com

----------

cheap cocktail dresses

----------

Brazilian Male Enhancement Review at Breastsenlargementreview.com

----------

Brazilian Breasts Enlargement Cream

----------

Brazilian Top Breast Enlargement Reviews

----------

Brazilian Male Enhancement Pills at Breastsenlargementguide.com

----------

bruidsmeisjes jurken

----------

vestidos de noche

----------

ballkleider

----------

Cheap Prom Dresses

----------

Churrasco Equipment and Brazilian Meat Skewers

----------

Vestidos Noiva em Weddingmart.pt

----------

Australia Fashion Online Outlet store

----------

Robe de cocktail

----------

Our good partner Everbuying.com provides wide selections of products at best price for worldwide free shipping.

----------

Cheap Dre Beats

----------

Buy Cheap Nike Mercurial Soccer Cleats from MercurialCity now!

----------

Shopping Reviews

----------

Ad Link I

----------

Check dhgate.com for Brazilian Hair Extensions

----------

EssayDue.net - professional writing help

----------

Visit Ibuytermpapers.com to find expert academic writing tips

----------

Choosing brazilian products online at Milanoo.com

----------

DinoDirect

----------

Get free MajorElectrico writing tips for editing your academic papers.

----------

Join my student groups to get access to free writing templates and samples.

----------

Finding brazilian products from Milanoo Fashion

----------

robe de cocktail

----------

Cheap Wedding Dresses

----------

bruidsjurken

----------

Find Me Handbags

----------

Wholesale Handbags Blog

----------

Submit Articles to Google Website List

----------

Brazilian Eyelash Treatment at Search Wholesale Handbags

----------

Brazilian Tested Lash Growth Serum at Wholesale Handbags Purse

----------

Chinese Wholesale Handbags

----------

Vestidos Noiva em Weddingmart.pt

----------

USA Wholesale Handbags

----------

Brazilian Eyelash Enhancer at Find Wholesale Handbags

----------

Soccer shirt

----------

The best mother of the bride dresses at TidebuyBridal.com

----------

Cheap human hair wigs at ishowigs.com

----------

cheap prom dresses at JDdresses.com

----------

Special Occasion Dresses

----------

Churrasco Catering and Churrasco Skewers

----------

brautjungfernkleider

----------

Australia Fashion online Outlet

----------

read more about Writing-Expert.com writing service

----------

Brazilian Cheap Handbags and Purses at Baginc

----------

Submit Website & Articles to Bing Web Directory

----------

Get Me Earrings

----------

Wholesale Clothing On Sammydress.com

----------

Brautkleider 2013

----------

Global Online shopping with free shipping at Handgiftbox

----------

Search