The federal government granted R$99.39 billion ($18bn) in subsidies last year to help oil, coal and natural gas producers in the country, 16% more than in 2018. The data are the result of a study by Inesc (Institute of Socio-economic Studies).
Source: UOL Economia
The volume of services provided in Brazil grew 1.8% in September, compared to August, according to IBGE. Despite picking up the fourth consecutive high, the sector has not yet managed to recover to the pre-pandemic level and continues to show a slower recovery than that seen in trade and industry.
The special secretary of foreign trade of the Ministry of Economy said that the Brazilian foreign trade redaction observed this year tends to persist, with slow recovery. The assessment differs from the statement by Minister Paulo Guedes that he is betting on Brazilian exports as a factor to hold back the retraction of GDP.
President Bolsonaro sanctioned the package of works and infrastructure actions recently approved by Congress. The budget allocation is R$6.1 billion ($1.3bn). The Ministry of Regional Development is the most benefited portfolio, which amounts to R$2.3 billion ($425 mm). Next comes the Ministry of Infrastructure, which receives R$1.05 billion ($186mm).
Source: Money Times
By January 2021, a hybrid biogas and solar photovoltaic plant in Ouro Verde do Oeste, Paraná, will begin operating. The R$ 12 million ($2.2 mm) investment is from the company EnerDinBo, in Cascavel (PR), and has the technical support of Cibiogás – International Center for Renewable Energies. The project will have distributed generation of 2.5 MW.
Source: Canal Energia