The program being called Productive Inclusion Bonus (BIP) is expected to cost around R$ 6 billion ($1.1 bn) to the public coffers and aims to reduce youth unemployment. The beneficiary would receive up to R$ 600 ($110), which would be divided between the government and the employer. The idea so far is that the amount paid by the Union could vary from R$250 to R$300 – ($45 – $55) the other part would be paid by the employer.
Source: Valor Investe
A study released by the Federation of Industries of the State of Rio de Janeiro (Firjan) reveals that the economic activity in Brazil experienced a retraction of 6.7% in the period of 12 months that began in March 2020, with the appearance of the pandemic of the new coronavirus, until February 2021.
Source: UOL Economia
Data from Aneel indicates that in April Brazil reached 1,007 MW of installed capacity with commercial operation starting in 2021, with 324.45 MW released by the agency last month alone. Wind generation was, for the fourth consecutive month, the source with the highest volume of energy with commercial operation authorized, registering 218.45 MW of power with commercial operation started, 67% of April’s total.
Source: Energia Hoje
BrasilAgro has sold part of its Jatobá Farm, in Jaborandi (BA), for R$67.1 million ($12 mm), according to a statement sent to the CVM. The area sold is 1,654 hectares. The sale price is equivalent to 300 soybean bags per usable hectare.
Source: Money Times
Natura has raised $1 billion in sustainability-linked bonds in the international market, the largest among Latin American companies. The bonds mature in 2028 and will yield 4.125%. The demand for the securities exceeded by four times the offering. The proceeds will be used to lengthen the profile and reduce the cost of the company’s debt.
Source: Valor International