The new legal framework for railways is to be voted on by the Senate next week, with the promise of organising the sector’s framework and allowing new formats for attracting private investments. The project was born from the idea of introducing the authorisation regime in the railway market. In it, it is the investor who takes his interest in building and operating a new line to the government, at his own risk and therefore with more freedom.
Day: November 30, 2020
BNDES to allocate $17 bn to small and medium-sized enterprises
The president of BNDES said that by the end of November, R$92 billion ($17 bn) would be designated for small and medium-sized companies under an emergency credit access programme (the FGI PEAC). According to Montezano, the development bank has favoured smaller companies over large ones which has generated criticism.
Source: G1
Sales on Black Friday total $755 mm in Brazil
In a year marked by the pandemic, online sales hit record highs on Black Friday. E-commerce revenues totalled R$4.02 billion ($755 mm) which is a 25.1% increase over the same period last year, according to a Ebit/Nielsen survey. More than six million orders were generated, an increase of 15.5%.
Brazil Steel Institute estimates domestic sales to rise by 5.3% in 2021
The president of the Brazil Steel Institute estimates that domestic sales of this input will rise by 5.3% in 2021. According to the institute, Brazilian crude steel production is expected to close by 30.746 million tonnes by 2020, a 5.6% drop compared to last year. Domestic sales are expected to grow by 0.5% to 18,885 million tons this year.
Source: Valor Investe
