In the city of São Paulo, there are 882.588 individual micro-entrepreneurs (MEIs), and the capital is the first city in the country in number of startups with 2,712. Entrepreneurship gained ground in the municipal election. There are five strongly cited points: training and formalisation, credit, creative economy, entrepreneurship and development of technology to transform the capital into an “intelligent city”.
Source: 6 Minutos
The third quarter results release round of multinationals operating in Brazil has shown the country to be a resurgence point. The companies mentioned the country’s commitment to results. Uber Brasil showed a recovery of 87% and Mapfre highlighted the Brazilian participation in the profit increase in the period.
In October, Brazil exported 4.203 million tons of sugars and molasses, which is 119.18% more than in the October 2019 when 1.918 million tons were shipped. Data from the Foreign Trade Secretariat (Secex) show that the revenue obtained from the sector’s total export in October was $1.202 billion, 18.66% higher than the $1.013 billion obtained in September 2020. Between October 2019 and October 2020, the price of a ton of the product rose 0.65%, from $284.33 per ton to $286.19 per ton.
Source: Portal Agronegocio
Latam reported losses of $573.1 million in the third quarter, still under the impact of the coronavirus pandemic. Latam explained that the group’s total revenues fell 80.8% to $512.9 million between July and September. In September, the company’s aircraft occupancy rate in Brazil exceeded 80% for the first time since the pandemic began.
Rio Energy, a renewable energy company of US private equity group Denham Capital, is in talks to sell its wind power assets in Brazil. One of the interested parties in the wind power assets put up for sale by Rio Energy is the state-owned Parana company Copel. The deal is valued at between R$200 million and R$300 million, the source added, without giving details.
Source: Money Times