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Government slashes nearly USD 19 bn from Budget

22/03/2017 at 19:18h

Brasília – The Brazilian government will slash BRL 58.2 billion (USD 18.9 billion) from the Federal Budget in a bid to comply with its fiscal target, the Ministry of Planning, Development and Management said this Tuesday (22). It also said the move is a necessity in order to offset the downward revision of economic growth in 2017.

The budget cut is meant to steer government finances toward the fiscal target of a BRL 139 billion (USD 45 billion) primary deficit set forth in this year’s Budgetary Guidelines Law.

Translated by Gabriel Pomerancblum

Brazil halts exports by meat packers under probe

21/03/2017 at 13:02h

Brasília – The Brazilian Ministry of Agriculture announced on Monday (20) that it has suspended the export licenses of 21 plants owned by meat packers under investigation in operation Carne Fraca, launched by Federal Police last Friday. Minister Blairo Maggi said the concern over foreign markets is explained by the fact that once a buying country takes forceful measures, reentering that market is difficult.

“Once a market has shut down, it takes many years of work to get back in. Our concern right now is to not leave unanswered any of the requests for information we are getting from the international market,” said Maggi.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Export revenue up 13% for Kepler Weber

20/03/2017 at 19:41h

São Paulo – The Brazilian silo maker Kepler Weber reported this Monday (20) BRL 107.6 million in export revenue in 2016 (US$ 35 million at current exchange rate), up 12.9% from 2015. It said in a statement that its strategy includes “opening up new fronts” for business in Africa and increasing its presence in Latin America and Eastern Europe as a means of making up for weak domestic results. Kepler Weber believes it should see a rebound in Brazil this year.

Translated by Gabriel Pomerancblum

Exports support event on March 30

17/03/2017 at 19:09h

São Paulo – Investe São Paulo, the Brazilian Trade and Investments Promotion Agency (Apex-Brasil) and Guarulhos City Hall will promote on March 30 the 5th SP Export, at 9 am, at Teatro Adamastor, Guarulhos. SP Export is a program to promote exports by São Paulo state and the event will include a training seminar, lectures and panels on how to export, among other actions. Poupatempo for the Exporter (Poupatempo is a São Paulo state department created to reduce red tape on the issuance of documents) will provide services for the companies.

Via ANBA Newsroom. Translated by Sérgio Kakitani