• Brazil prepares for major tourism boost

    Christ the Redeemer - Statue in Rio de JaneiroSipping a very cold beer on Rio de Janeiro’s famous Copacabana beach, it is immediately obvious that Brazil has huge potential as a tourist destination. As the city’s young and beautiful strut their stuff under the azure sky, the sea in front of you, and mountains towering behind you, Rio is a picturesque spot. Add weather seemingly sent direct from heaven by Christ the Redeemer himself, who in statue form towers above the city, and Rio should be packed full of gringos (foreigners). Instead Brazil in general remains relatively untapped as a holiday destination.

    In 2010, the number of overseas visitors to the country totalled 5.2 million, according to the United Nations World Tourism Organisation. This meant that Brazil did not even feature in the global top 10, and it was dwarfed by world number one France, 76.8 million, and number two, the US, 60 million. There are numerous reasons why Brazil remains off the main holiday map, but perhaps the biggest two are the fact it is rather a long way from Europe and the US, and a perception of high crime levels. Flavio Dino, the president of Embratur, the Brazilian Tourist Board, told the BBC Business website that running a successful 2014 World Cup, and 2016 summer Olympics in Rio, will help to more than double the number of people visiting the country by 2020.  (more…)

  • Apple prepared to open New iPad Factory in Brazil

    Apple prepared to open New iPad Factory in BrazilAccording to reports, Apple has opened an iPad factory in Brazil. There has been a ton of rumors and news on iPad 3 production; and the addition of TSMC, and the dispute for Foxconn to reign supreme as Apple’s lone supplier.

    This report focuses more on Apple’s reach with their tablet and how they will be able to fully supply the growing demand for their product in Brazil. Aloizio Mercadante who is Brazil’s Minister of Science and technology went on to confirm that the plant is set to start production on the iPad, and officially shipping in the country sometime in December of 2011.

    The new factory will likely start producing the Apple iPad 2 initially for December, but as a manufacturer they will likely be able to supply native consumers with the iPad 3 at some chose upon date in the future as well.  (more…)

  • Brazil Job Market Continues to Impress

    Brazil Job Market Continues to Impress

    Can Brazil’s record employment rate get any better? The Labor Ministry reported the creation of 280,799 last month. Beating the 209,425 posted last January. Before the numbers came out, the market was suggesting gains of 206,000.

    What do the numbers mean? Other than the fact that Brazil is still hiring like mad, it means demand is still there. And demand for goods and services means inflation, which is already 6%, its highest in around 8 years.

    Last week, the Labor Ministry reported that the country’s hiring frenzy is bringing in more workers from abroad. In 2010, Brazil companies hired 56,006 workers from other countries, up 30% from 2009.

    “The increase in these authorized workers since 2006 is because of increased foreign investments in Brazil,” says the Labor Minister’s General Coordinator for Immigrant Workers, Paulo Sergio Almeida. He cited hiring especially at industrial factories, and at oil and gas companies.

    In the industrial sector, the increase in workers is due to our own industrial park expansion, including modernization and implementation of new industrial segments. The acquisition of new equipment and technology from abroad demands that you bring in professionals specialized in supervising the building and execution of the most sensitive steps in the process of setting up this equipment in order for a decent transfer of technology to happen,” he says.

    Most of Brazil’s highest paid, high demand jobs are specialized.

    A quick look at where Brazil’s jobs will be in the next 10 years.  (more…)

  • Brazil poised to enter top five world economies

    Brazil poised to enter top five world economiesIt is one of the world’s fastest growing economies, and as the latest figures demonstrate, Brazil shows no signs of slowing down. While investment continued to flow into the country last year, the South American nation’s economy grew by 7.5%, its fastest pace in 24 years, putting its current GDP at $2.1 trillion.

    Brazilian Finance Minister Guido Mantega stated that further revision in World Bank and IMF figures was likely to push the country up two more spots. “If we consider prices and purchasing power, a pending homework from the World Bank and IMF, Brazil’s GDP is $3.6 trillion, which places us in fifth place ahead of France and the UK”, said Mantega.

    Growth in local agriculture and manufacturing industries played a large role in the increase, while overall investment in the nation increased by a huge 21.8%.

    The Brazilian government has acted promptly to cool inflation and growth rates, however, with the Central Bank having increased interest rates by half a per cent earlier this week. President Dilma Rousseff stated her administration would maintain “a reasonable, sustainable and standing growth rate” to ensure Brazil remained a stable choice for investors. “We’ll keep an eye on stability and another on investment”, she said.

    Sarah Kendell – http://www.themovechannel.com/news/7f05abce-7a8e/

  • Brazil Economy achieves highest growth in 25 years

    Brazil Economy achieves highest growth in 25 years - Rio de JaneiroGDP figures for 2010 show Brazil has achieved the highest economic growth in 25 years and could place the country among the world’s top five economies. According to numbers released yesterday by the Brazilian Institute of Geography and Statistics (IBGE), the GDP at the Latin American powerhouse increased 7.5% last year, or R$ 3.67tr ($2.2tr), a record high since 1986. Sectors such as agriculture and manufacturing industries played a large role in the increase, with yearly growth reaching 6.5% and 10.1% respectively. Brazilian Finance Minister Guido Mantega was quoted as saying that further revision in World Bank and the International Monetary Fund (IMF) figures could position the country as the world’s fifth largest economy, ahead of the UK and Italy.

    Economic indicators recently seen in other developed nations pale in comparison: the US economy posted a rise in GDP figures for 2010 of only 2.9%, while Germany achieved 3.6% and Japan, 3.9%. Other countries have seen barely any growth: Italy is an example, where GDP saw a 1.1% increase. Some, like Spain, have not seen growth at all and Greece posted a negative rate of -4.5%.

    Among the Bric economies, Brazil ranked third, behind India, where growth reached 8.6% and China, where GDP figures rose by 10.3%. Russia had the poorest result, with a 3.8% increase. Analysts expect that GDP growth in Brazil will reach approximately 4-5% in 2011.

    The news of the rise in Brazil’s GDP coincide with the visit of IMF’s director-general Dominique Strauss-Kahn to president Dilma Rousseff and finance minister Mantega.