Due to Covid-19, government accounts record shortfall of $ 17 bn

The primary result, balance between expenses and revenues excluding interest expenses, from the Central Government, which includes the National Treasury, Central Bank and Social Security accounts, registered a deficit of R$ 92.902 billion ($ 17 bn) in April 2020. The value is the worst for April and is close to the R$ 95 billion ($ 17,3 bn) fiscal deficit in 2019.

Source: CNN Brasil

Santander invests $ 5 mm in Brazilian fintech

Santander announced an investment of $ 5 million in the Brazilian startup a55 through its Santander InnoVentures venture capital fund. This is the fourth investment that the fund makes in Latin America and the 30th made in a fintech. Prior to this round, a55 had raised $ 3 million from Brazilian and foreign angel investors.

Source: Exame

Petrobras raises $ 3,25 bn abroad during pandemic

Petrobas raised $ 3.25 billion by issuing bonds in the international market. It was the first capture of a Brazilian company after the start of the pandemic. The capture was made in two different plots. The first, of $ 1.5 billion expires in 2031 and has an interest rate of 5.6% per year. The second, of $ 1.75 billion expires in 2050 and has an interest rate of 6.9% per year.

Source: Folha

Industry and retail sales fell more than 30% from March to April

Industry and retail sales fell by more than 30% in April, compared to March, according to the Sectoral Monitoring Bulletin of Economic Activity, released by the Ipea. In the services sector, the decline was 23.7%. In addition to the paralysis of a “wide range of productive activities”, the fall in domestic and foreign demand caused a strong retraction in all sectors of the economy.

Source: UOL Economia

Solar energy distributed generation grows 5.2% to 300 thousand installations

Despite the pandemic of the covid-19, the installation of Distributed Generation (GD) solar energy systems grew 5.2% in May, from 285 thousand in April to 300 thousand installations this month, Brazilian Solar Energy Association (Absolar). Investments reached R$ 14.6 billion ($ 2.6 billion) accumulated since 2012, for an installed capacity of 2.8 gigawatts.

Source: Agencia Estado

Tour operators lose $ 182 mm in sales

Tour operators in the country had a 90% drop in revenue in April, compared to the same month of 2019, which corresponds to a loss of R$ 1.08 billion ($ 182 mm). The drop is a result of the crisis experienced by the tourism sector due to the covid-19. For the year, it is expected that tour operators will show a 51% to 75% drop in revenue, reaching an amount between R$ 7.7 billion ($ 1.4 bn) and R$ 11.3 billion ($ 2 bn).

Source: Valor Investe