Unemployment in Brazil had the third consecutive drop and was 13.9% in the quarter ended in December, according to data released by the Brazilian Institute of Geography and Statistics (IBGE). However, 13.9 million Brazilians were still unemployed. Already the average unemployment rate in 2020 was 13.5%, the highest in the series that began in 2012. In 2019, it was 11.9%.
Source: G1 Economia
Day: March 1, 2021
Nutrien invests $1 bn to expand in Brazil
Canadian Nutrien will invest $1 bn until 2024 to try become the Brazilian leader on the distribution of agricultural inputs. Key competitors Agrogalaxy and Lavoro are controlled by investment funds Aqua Capital and Patria, respectively. By 2022. Nutrien expects to have 100 stores, compared with the current 24.
Source: Valor International
Investment is the lowest in 53 years, and Brazil risks getting worse
Investment is all spending that increases a country’s production. The current level is the worst in 53 years. According to economists, the country needs to attract money again from the private sector, local and foreign, since the government is heavily in debt and without room in the Budget to spend on new projects. The country currently has an investment rate in relation to the GDP that lags behind the world. If the volume of investment does not grow, Brazil will have another lost decade.
Source: UOL Economia
BNDES launches program to stimulate investments in the gas sector
BNDES launched a program that contemplates several financial solutions to stimulate investments in natural gas and biogas. The BNDES Gas Program is very comprehensive, but the idea is that the bank is not the only financing provider. The part focused on thermoelectric generation from natural gas includes financing to greenfield projects, with a minimum amount of R$ 40 million ($7.3 mm), participation of up to 80% of BNDES in the total, limited to 100% of the bankable items.
Source: Money Times
2W Energia signs agreement with WEG for the supply of 33 wind turbines
2W Energia announced that has signed an agreement with WEG for the supply of 33 wind turbines for the Anemus Wind Power Complex, located in the municipalities of Currais Novos and São Vicente (RN). According to the document, the model chosen was the AGW 147/4.2 MW, which have a nominal power of 4.2 MW each, and the rotors will be 125 meters above the ground. The contract includes the operation and maintenance of the wind turbines, with the elite scope, for a period of 20 years.
Source: Money Times
