Category: Geopolitics

Information about international affairs that can impact the Brazilian economy.

Paulo Guedes seeks to “sell” Brazil in Davos

Brazil Economy Minister Paulo Guedes attends this week the Davos Economic Forum, with the aim of attracting non-speculative foreign capital to finance projects, mainly infrastructure, showing the country’s improvements in inflation, risk, stock market rates and interests. The biggest attraction will be the privatisation and concessions package of state-owned companies, said the Privatisation Secretary, Salim Matar.

Mercosur deal at odds with EU carbon neutrality aim, study claims

Mercosur trade deal is incompatible with the EU’s commitment to carbon neutrality and “may undermine global efforts to avert climate change”, according to analysis conducted for the Greens/European Free Alliance group. The political agreement reached in June by the EU and Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) is still in the process of technical and legal revision and subject to endorsement by national governments and the European Parliament.

Azul acquires 75 Embraer aircrafts and Two Flex

President of Azul Linhas Aéreas, John Rodgerson, announced the purchase of 75 Embraer aircraft during a meeting with Brazil President, Jair Bolsonaro. With the expansion of the air fleet and the purchase of regional carrier Two Flex for R$123 million, which will add 36 new national destinations, Azul plans to reach 200 national destinations in the next three or four years.

Petrobras to sell Golfinho and Camarupim deepwater assets

Petroleo Brasileiro has put up for sale its entire stake in the Golfinho and Camarupim deepwater clusters in the Espírito Santo basin. Petrobras holds 100% interest in both concessions, with the exception of exploratory block BM-ES-23, in Golfinho, where it owns 65%. Brazil’s state-run oil company has been selling assets in order to lower its debt.

Brazil applies for Celac withdrawal

President Jair Bolsonaro decided to end Brazil’s membership to the Community of Latin American and Caribbean States (Celac).Government sources said that the decision was due, among other reasons, to the presence of dictatorships in the block, such as Cuba and Venezuela.The new position was communicated last Tuesday to the members.