Day: April 23, 2020

$ 27 bn target on privatisation will not be met

The government should not sell any more assets until the end of this year due to the scenario of crisis and volatility with the coronavirus, the goal of selling R$150 billion ($ 27 billion) in assets this year will not be reached, pointing out that there is no climate or environment for privatisation. Situation that also played the privatisation of Eletrobras for 2021, said the Special Secretary of Privatisation of the Ministry of Economy, Salim Mattar.

BNDES lent $12 mm to finance company salaries

BNDES reported that it approved R$ 66 million ($12 million) in loans to 3,770 companies. On average, the value of loans granted is R$ 17,500 ($ 3K) per company. The salary financing program is intended only for small and medium-sized companies, with annual revenues between R$ 360 thousand ($65 K) and R$ 10 million ($ 1.8 million).

Demand for domestic flights falls 32.9%

Anac released this week the balance of the reduction in demand for domestic flights in March. In percentage terms, the fall is 32.9% in relation to the same month of 2019. The negative data are the result of policies of social distance in combating the pandemic of the new coronavirus. In terms of domestic market share this month, Latam is the leader, with 38.2%. Gol has 37% and Azul, 24.8%.

Dollar shoots the record above R$ 5.40 with bet on Selic

The dollar hit new record highs on Wednesday, the price accelerated sharply near the end of trading, partly on an adjustment to the movement of global exchange but mainly by escalating interest cut bets on Brazil. The spot dollar rose 1.89%, to R$ 5.4094 on the sale, a nominal record for closing the session.