Portugal Invests Over Half a Billion Dollars in Brazil. A 49% Jump

Bradesco was the most benefitted by Portugal investment Direct investment in Brazil from Portugal rose 48.9% in 2007 in comparison with the previous year, reaching US$ 519 million, said a Portuguese Central Bank source. Portuguese investment represented 1.5% of the total invested by foreigners in Brazil last year (US$ 34.6 billion).

Most of the Portuguese investment (US$ 324 million) went into the service sector, with a special highlight to the financial area, with Bradesco bank receiving the largest volume of funds coming from Portugal – US$ 143 million.

Bradesco is a partner of Portuguese group Espí­rito Santo (BES). Both banks have a partnership that includes crossed participation of approximately 3% of their capital. Apart from that, Bradesco has 20% of BES Investment Brazil.

In Brazilian industry the Portuguese invested US$ 53 million and in agriculture, US$ 4 million. Operations under US$ 1 million are not listed specifically, but they totaled US$ 80 million.

Prominent last year was Portuguese investment by Aero LB Participações, in the transport sector, which invested US$ 32 million in the country, Alnilan, a rubber and plastic product maker (US$ 31 million) and White Martins Industrial Gas (US$ 18 million).

Portugal rose from the 15th main foreign investor in Brazil in 2006 to the 14th place last year, losing only to the Netherlands, the United States, Luxembourg, Spain, Germany, they Cayman Islands, Bermuda, France, the United Kingdom, Switzerland, Canada, Chile and Bahamas.

The return of investment to Portugal totaled US$ 230 million, of which US$ 160 million were from Bradesco.

Foreign direct investment in Brazil reached a record US$ 34.6 billion last year, 84.3% over the US$ 18.7 billion that entered the country in the previous year.

Lusa

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

For Brazil, Amazon is for All to Use and to Help

Brazil’s Minister of Foreign Relations, Celso Amorim, emphasized the importance of cooperation between all ...

Brazilian State Can’t Take the Mafia and Calls the Feds

Brazil’s National Security Force is on its way to the state of EspÀ­rito Santo ...

Opposition Candidate Blasts Venezuela’s Chavez for Sponsoring Brazilian Carnaval

Rio’s samba parade, the highlight of the pre-Lenten Carnaval, is a hard-fought competition among ...

LETTERS

By A special congressional committee looking into tax reform released a draft report, which ...

Gun Kills 42,000 Brazilians a Year, One Every 12 Minutes, 24/7

The number of gun-related deaths in Brazil was 42,416 in 2012, an equivalent to ...

Spain to Discuss 30,000 Brazilians Who Live There Illegally

The political reorganization of Haiti and the war on terrorism should be part of ...

Occupations and Looting Mark 10th Anniversary of Brazil’s Landless Massacre

Brazil’s Landless Movement, MST, marked this week the tenth anniversary of the deaths of ...

Brazil Expecting to Produce 43 Million Bags of Coffee, a 32% Jump

Brazilian coffee production may reach 43.5 million bags in the 2005/2006 crop according to ...

U.S.A. Calendar

ONGOING IN CALIFORNIA Hélio Oiticica & Neville D’Almeida exhibit and films at Los Angeles ...

In Pittsburgh a Brazilian Cultural Background for the G-20 Summit

On September 17th, a group of Brazilians who live in Pittsburgh, Pennsylvania will be ...