The Brazilian agricultural sector received, through the Rural Credit Programme, from the National Bank for Economic and Social Development (BNDES), created in March 2020, financing amounting to R$1.7 billion ($314.8 mm) last year. Of that total, R$1.5 billion ($277 mm) was for the 2020/2021 harvest plan.
Source: Space Money
Day: February 8, 2021
Government fails to collect $44.8 bn in debts
As part of the anti-crisis pact implemented in 2020, the government has had to charge R$242.6 billion ($44.8 bn) in tax debts incurred by the Union’s active debt. The biggest impact comes from the suspension of so-called third-party liability procedures. In this case, debts of R$ 159.9 billion ($29.6 bn) are no longer assigned.
Source: Folha
Focus Energia will invest $407 mm in photovoltaic complex
Focus Energia announced the implementation of a photovoltaic solar complex in Juazeiro, Bahia, during the signing of a protocol of intentions with the state government. The project will invest R$2.2 billion ($407 mm) in the construction of Futura photovoltaic plants, with a production capacity of approximately 2 GW/year.
Source: Energia Hoje
BB Security falls 10% in profit by 2020
BB Seguridade closed last year with adjusted net income of R$ 3.877 billion ($717 mm), a 10% drop compared to 2019, when the insurance arm of Banco do Brasil had added R$ 4.306 billion ($797 mm), according to a document sent to the market this Monday morning (08).
Source: Money Times
Carnival cancellation makes country stop moving $1.5 bn
The cancellation of the Carnival to contain the Covid-19 account will not only suspend the national party. Data indicates that at least R$8 billion ($1.5 bn) will no longer circulate in the economy. Around 25 thousand temporary jobs will not be created either, according to the CNC’s estimate. In Rio, the suspension will be a blow to the tourism sector, with 98% of the country’s economy occupied in 2020.
Source: Folha
