Auction is expected to draw at least one bidder after postponement, revamp 06/30/2022 Five groups mull taking part in the federal auction that will choose a company or consortium to build a beltway around Belo Horizonte, the capital city of Minas Gerais, through a public-private partnership. Acciona, Sacyr, China Railway Construction Corporation (CRCC), ECB (a […]
Government measure reduces taxes to up to 16% from 35% 06/30/2022 The cars produced in Brazil may have lower local sourcing rate. The country is still far from the electrification drive underway in developed countries, and a recent measure of the federal government has accelerated the decline of manufacturing. A resolution from the executive management […]
Online platforms create opportunities for new companies abroad, experts say 06/30/2022 Expansion of e-commerce has created opportunities for new companies to venture into exporting — Foto: Ana Paula Paiva/Valor The growth of internet sales — and a favorable exchange rate — drove commerce into a boom of new exporting companies with continuous sales to other […]
Senator files appeal asking for blueprint approved last week by Agriculture Committee to be discussed in plenary 06/29/2022 Paulo Rocha — Foto: Divulgação/Senado Federal Senator Paulo Rocha (Workers’ Party, PT, of Pará) filed on Tuesday an appeal for the bill that establishes the so-called agricultural self-monitoring, passed last week by the Senate’s Agriculture Committee, to […]
Survey by Better Governance shows that only 17.6% of young companies are in most mature stages of governance 06/29/2022 In the last decade, the Brazilian startup ecosystem has become the most solid in Latin America, with a growing number of companies, investors and success stories. But this expansion has not been accompanied by an item […]
There will be 13 lots for construction, maintenance of 5,425 km 06/29/2022 In total, 13 lots will be auctioned for construction and maintenance of 5,425 km of transmission lines — Foto: Custódio Coimbra/Agência O Globo The most awaited auction of the Brazilian electricity sector held by the National Agency of Electrical Energy (Aneel) takes place […]
Sharp reduction in taxes will put governors under pressure 06/28/2022 The reduction of sales tax ICMS on fuel, electricity, communications and public transportation, in effect since Friday, and the analysis by the Federal Supreme Court (STF) on how to calculate taxes levied on fuels will cause a loss of R$105 billion to R$136 billion for […]
Commitment was signed by Valcamby, Argor-Heraeus, Metalor, MKS Pamp and PX Précinox 06/28/2022 Statement illustrates growing scrutiny surrounding gold mined in the Amazon rainforest — Foto: Unsplash Swiss gold refiners, among the world’s largest, have pledged not to import gold from indigenous territories in the Brazilian Amazon, in a first-of-its-kind statement that illustrates the growing […]
CEO says current hybrid is ticket to full electrification 06/28/2022 Anders Gustafsson — Foto: Silvia Zamboni/Valor Volvo is the leader in the fully electric car segment in Brazil, with 39% of this market from January to May. About a year ago, the company decided to abandon the sale of combustion-powered cars in Brazil and to […]
Company projects to increase its market share to 30% from current 13% 06/28/2022 The new furnace will have the capacity to produce 1,000 tonnes a day — Foto: Reprodução/Vivix Flat glass manufacturer Vivix, owned by the Cornélio Brennand group, will invest R$1.3 billion in a new plant in the municipality of Goiana (Pernambuco), where it […]