Small retail sales shrink 3.5% in April

The impact of the lockdown during April on small retail translated into a 3.5% shrinkage in turnover. This is what the Gyra Trends indicator from the credit solutions platform for micro and small businesses Gyra+ shows. The comparison is always considering the moving average of 12 months of sales. The drop in revenue in April is not unprecedented. In March Gyra Trends had already registered a retraction of 2.5%.

Source: 6 Minutos

Copel triples SE power three months ahead of schedule

Copel put into operation the second 225 MVA transformer in Ponta Grossa Sul substation, concluding the reinforcement in the transmission system of Central Paraná three months before the deadline established by Aneel. According to the company, the R$24 million ($4.6 mm)work triples the energy transformation capacity in the network, from 125 MVA to 450 MVA, and aims to meet the significant growth in demand expected for the region in the coming years.

Source: Canal Energia

Senate makes business loan policy permanent

The Senate passed a bill that makes the Program of Support to Micro and Small Businesses (Pronampe) a permanent policy. The bill may now be signed in law by President Jair Bolsonaro. Pronampe granted more than R$37.5 billion ($7.2 bn) in loans in 2020, covering more than 440,000 entrepreneurs. The line of credit extended under Pronampe will correspond to up to 30% of the annual gross revenue obtained in the previous year.

Source: Valor International