The 2020 crisis will confirm Brazil’s exit from the group of the ten largest economies in the world, as already shown by the Ibre/FGV survey of October last year. According to the study, the country should close the year as the 12th largest economy in terms of GDP value, surpassed by Canada, South Korea and Russia.
Source: R7 Economia
The Union’s bailout of the states due to the pandemic of Covid-19 added up to R$ 76.9 billion ($13.5 bn) in 2020, according to data from the National Treasury. The values include direct transfers to the cash of governors (R$37 billion, $6.5 bn), as well as the recomposition of the Participation Fund of States (R$7.4 billion, $1.3 bn) and the temporary suspension of debts with the federal government (R$32.5 billion, $5.7 bn).
Source: G1 Economia
Geru will represent around 65% of the total and Rebel, 35%. The company is born evaluated in R$ 1 billion ($175 mm) and with a project to multiply by 10 the credit origination, from an estimated total of R$ 900 million ($157 mm) this year to more than R$ 9 billion ($1.6 bn) in 2025. The brands, however, remain separate. But together, the companies want to reach a revenue of R$ 3.4 billion ($596 mm) by the end of 2025.
With 224,000 billed customers in its concession area, which covers six municipalities in the interior of Paraíba, Energisa Borborema plans to invest R$17.9 million ($3.1 mm) this year. The amount is in line with the annual average of the last five years, when the distributor that serves six municipalities in Paraíba invested R$ 80 million ($14 mm) between 2016 and 2020.
Source: Energia Hoje
Neoenergia plans to significantly expand its investments in the region served by energy distributor CEB-D, in the Federal District, after acquiring the concessionaire in a privatisation auction held at the end of 2020, the president of the electric company, Mario Ruiz-Tagle, said.
Source: UOL Economia