Brazil GDP contraction no surprise, rebound hinges on reforms: economy minister

BRASILIA (Reuters) – Brazil’s economic contraction in the first quarter was no surprise to the government, Economy Minister Paulo Guedes said on Thursday, adding that he is confident of recovery but only if fiscal and economic reforms are implemented. “We were already anticipating a rather stagnant economy in the first quarter, but we are confident […]

Brazil’s Bolsonaro says may veto free 23-kilo bag on domestic flights

BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro said on Thursday he is inclined to veto a provision in legislation recently passed by Congress ordering airlines to allow passengers to check in one piece of luggage of up to 23 kilograms (50 lb) free of charge on domestic flights. The provision was expected to push up […]

Brazil may trade surplus widens, but bigger picture not as rosy

BRASILIA (Reuters) – Brazil’s trade surplus widened in May to $6.42 billion, the Economy Ministry said on Monday, its biggest so far this year and driven by a 5.6% rise in exports from the month before. Exports totaled $21.39 billion while imports totaled $14.97 billion, with the surplus in May bringing the year-to-date surplus up […]

Brazil’s central bank chief eyes ‘micro’ policies to get credit flowing

BRASILIA (Reuters) – Brazil’s central bank will focus on an agenda of ‘micro’ measures and initiatives rather than macroeconomic policies to get credit and lending flowing, the head of the bank said on Monday. Reinforcing a stance he has taken since assuming office at the end of February, central bank chief Roberto Campos Neto told […]

Bridging the distance in R&D cooperation, investment and trade

   Sérgio E. Moreira Lima, Ambassador of Brazil  1.              The connections between the two giant territories of the South provide a remarkable foundation for understanding and facing our common contemporary challenges in conserving our rich and unique heritage and biodiversity. Australia and Brazil should further explore these links in the pursuit of sustainable development to ensure the […]

Brazil simplifies processes for SME’s

Taxation and bureaucracy have been historically challenging for investors in Brazil, but the Brazilian government is making active efforts to facilitate the start up of businesses and compliance with the taxation system. Published on April 30, the new Executive Order “Declaration of Economic Freedom” (MP 881/2019) simplifies registration of small and medium sized enterprises (SME’s). […]

Challenges of doing business in Brazil

By Liz Lacerda, Foreign Correspondent Executive Board Member of the Foreign Correspondents’ Association – Australia & South Pacific (FCA) Brazil is the largest economy in South America and it is ranked ninth in the world, according to the International Monetary Fund (IMF). With its GDP of US$1.93 trillion and US$9160 per capita, Brazil is already […]

Meet A Member – Juliano Lindenmeyer

Juliano Lindenmeyer is a multi-entrepreneur located in Gold Coast with over 10 years in the service sector. Current leading a small removal operation, a handyman services company, airline ticket agency, and an organic products distributor. On his right is Thiago Soll, AUBRBC Imports Partner and on his left side is Gleuto Serafim, AUBRBC President. Contact […]

Meet a Member – NNC Pro Beauty

Back 2 Business Networking Event

On behalf of the Australia Brazil Business Council, we would like to thank you for your visit to the Australia Brazil Business Council stand last night at  BACK 2 BUSINESS INTERNATIONAL at Luna Park, Sydney. It was a fantastic evening and we appreciated your visit. We hope you enjoyed the ” taste of Brazil”. At […]