Bahia Mineração bids Fiol for $5.8 mm

In another auction of the Infra Week, a railway track of the West-East Integration Railroad (Fiol) was bidden. The winner of the bid was Bahia Mineração (Bamin), with no premium and a single proposal of R$ 32.7 million ($5.8 mm). The auction offered the private initiative the section between the cities of Ilhéus and Caetité, in Bahia, which is 537 kilometres long.

Source: UOL Economia

Brazilian e-commerce grows 75% in 2020

The Brazilian e-commerce grew 75% in 2020, shows data released by Mastercard. Also according to the survey, this accelerated digitalisation moved more than $900 bn around the planet last year. In Brazil, online sales represented 11% of all retail purchases last year. Before the pandemic, purchases in this modality was equivalent to 6% of the total retail sector. In 2020, the final average was 7%.

Source: Money Times

Covid-19 takes industrial activity down after nine months

The second wave of the covid-19 pandemic interrupted a sequence of nine highs in industrial activity. According to the Industrial Indicators survey, released by the National Confederation of Industry (CNI), the number of hours worked in the sector fell 0.5% in February compared to January. Despite the drop, the number of hours worked in the industry accumulated a 3.5% rise in February compared to February last year, before the pandemic began.

Source: Agencia Brasil