Tourism loses $9.7 bn in the pandemic, says FecomercioSP

The tourism sector in Brazil lost R$51.5 billion ($9.7 bn) in revenues during the covid-19 pandemic, between March and November 2020, according to a survey conducted by FecomercioSP (Federation of Trade in Goods, Services and Tourism of the State of São Paulo). The loss represents a 33.4% decrease in the sector’s revenues compared to the same period in 2019. According to the Federation, the results were mainly driven by the performance of the airline industry, which lost 50.5% of its annual revenues.

Source: R7

Minas agribusiness closes 2020 with highest export volume

In a year affected by the Covid-19 pandemic and its resulting economic crisis, Minas Gerais recorded the largest volume of exports in the state’s history and the second highest revenue, with 12.7 million tons and $8.7 billion. Revenue, which represented 33.2% of all Minas Gerais’ foreign sales in 2020, was only behind the 2011 result, when it was $9.71 billion.

Source: Portal do Agronegocios

Fitch gives AA(bra) rating to Eletrosul $14.4 mm emission

Rating agency Fitch Ratings awarded the ‘AA(bra)’ National Long Term Rating for the second R$ 77 million ($14.4 mm) debenture issue by CGT Eletrosul, the successor by incorporation to Transmissora Sul Brasileira de Energia. According to Fitch, the debenture issue, with real guarantee and carried out in a single series, has final maturity in 2028. The debentures are guaranteed by the receivables from the Annual Allowed Revenue linked to the concession of the transmission line.

Source: Canal Energia

Rejection to Bolsonaro government rises to 40%, survey shows

The percentage of those who rate the Jair Bolsonaro government as bad or bad has risen from 35% in December last year to 40% in January this year, according to the XP/Ipespe survey. The percentage of those who see the Bolsonaro management as excellent or good has fallen from 38% to 32%. This is the first time since May 2020 that there has been an increase in the percentage of critics of the government and a reduction in the percentage of supporters.

Source: Valor Investe