Central Bank projects 6.4% drop in Brazil’s GDP

The Central Bank maintained its inflation estimate for 2020 in the reference scenario, which uses constant exchange and interest rates for the projection horizon. Accordingly, it revised the GDP projection for a 6.4% drop this year. The change in the projection is essentially associated with the advancement and duration of the pandemic in all national territory.

Source: Infomoney

Petrobras offers up to $1.8 million to finance startups

The Petrobras Connections for Innovation Program, in partnership with Sebrae, offers resources of up to R$10 million ($1.8 million) for projects in nine technological areas: digital technologies, robotics, energy efficiency, catalysts, corrosion, carbon reduction, geological modelling, and water inspection and treatment technologies. The goal is to utilise the innovative products in Petrobras’ operations.

Source: Money Times