Brazil’s GDP grew 7.7% in the third quarter compared to the previous three months, confirming the country’s exit from the so-called “technical recession”, according to data released by IBGE. The economy’s expansion was record-breaking in the third quarter, but still insufficient to recover losses during the country’s pandemic. In current values, the GDP of the third quarter totalled R$ 1.891 trillion ($363 bn).
The Dona de Mim Fund, created by the Women’s Group of Brazil, has announced a new phase of lending to women entrepreneurs. The project, created in June of this year to help small businesses impacted by the pandemic, received a donation of R$3 million ($577 K) from the BTG Pactual bank, which will enable up to 1,000 women to receive credit of R$3,000 ($577).
Sales in street shops and shopping malls across the country on the Black Friday weekend were up 6.1% on the same period last year, according to the Serasa Experian Trade Activity Indicator. There was also a 0.6% increase in the week, from 23 to 27 November, in the analysis for the same month in 2019.
Source: UOL Economia
As the privatization program fails to take off, the federal government approved the inclusion of 58 assets in the portfolio of the Investment Partnership Program (PPI), including airports Santos Dumont (Rio de Janeiro) and Congonhas (São Paulo). The goal is to grant them in concession or under public-private partnerships (PPPs). The government plans to auction 115 assets in 2021, compared with 29 this year. These projects are expected to bring R$360 billion ($69 bn) in investments.
Source: Valor International
The National Electrical Energy Agency (Agência Nacional de Energia Elétrica) decided on Thursday, December 3, to carry out the commercial operation of seven wind turbines at the Ventos de São Januário 05 power plant, adding 29.4 MW of installed capacity in the municipality of Campo Formoso (BA). The plant is controlled by EDF Renewables in Brazil.
Source: Canal Energia