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  • Lula Considers the President of BNDES for Petrobras and Dividend Payments to Shareholders

    President Lula is considering appointing Aloizio Mercadante, currently the president of BNDES (National Bank for Economic and Social Development), as the replacement for Jean Paul Prates at the helm of Petrobras.

    Published on 04/05/2024 - 14h01

  • Brazil Will Explore Oil until It Reaches the Level of a Developed Country, Says Energy Minister

    Even after Brazil committed to transitioning to a global economy away from fossil fuels, Minister Alexandre Silveira (Mines and Energy) says the country should continue oil exploration until it achieves the same social indicators as developed economies.

    Published on 04/04/2024 - 13h45

  • Rio Foresees Fully Booked Hotels and Increased Flights with Madonna's Show in Copacabana

    Companies and representatives from the tourism sector show enthusiasm for the economic impact Madonna's presence is expected to generate in Rio de Janeiro.

    Published on 04/03/2024 - 13h24

  • 'Still Haven't Seen a Plan in Brazil for oil to Finance Energy Transition'

    Ana Toni, Secretary of Climate Change at the Ministry of the Environment, says she still hasn't seen any clear strategy in Brazil that directs oil resources towards financing the energy transition.

    Published on 04/02/2024 - 12h58

  • Profits of Main Federal Brazilian State-Owned Companies Drop 24% in Lula's 3rd Year

    The main federal state-owned companies - Petrobras, Banco do Brasil, BNDES, Caixa Econômica Federal, and Correios - reported a combined net profit of R$182 billion ($36 billion) in 2023, a 24% drop compared to a year earlier.

    Published on 04/01/2024 - 12h45

  • Brazilians Marry Later and Stay Together for Less Time

    Brazilians are getting married at increasingly older ages, according to the new survey by the IBGE (Brazilian Institute of Geography and Statistics). Data released on Wednesday (27) shows that the country recorded 970,000 marriages in 2022, which represents a 4% increase in unions compared to 2021.

    Published on 03/28/2024 - 12h45

  • Number of Births in Brazil Falls for the Fourth Consecutive Year

    For the fourth consecutive year, the birth rate has dropped in Brazil, according to data released on Wednesday (27) by IBGE (Brazilian Institute of Geography and Statistics). In 2022, the country had 2,542,298 births, a decrease of 3.5% compared to 2021, which totaled 2,635,854 babies. The number of births in 2022 represents an 11.4% drop from the country's average from 2010 to 2019, which was 2,868,479. The decline in birth rates in the country is part of a demographic transformation that has been underway since the 1960s. "This process has already occurred in other countries, mainly developed countries, and we observe that, in the last three decades, it has accelerated," says Janaína Feijó, a researcher at FGV-Ibre (Brazilian Institute of Economics of the Getulio Vargas Foundation).

    Published on 03/28/2024 - 12h42

  • Women Receive Salaries 19.4% Lower than Men in Brazil, Says Government Report

    Female workers in Brazil receive, on average, salaries 19.4% lower than men. In leadership positions, the difference is even greater, reaching 25.2%. The data was released by the government of Luiz Inácio Lula da Silva (PT) based on the first salary transparency report.

    Published on 03/26/2024 - 13h42

  • Brazilian Government Aims to Go Beyond Hydrogen and Export Green Products

    Brazil's foreign trade policy, within the context of energy transition, goes beyond exporting green hydrogen. It goes further. It aims at attracting investors and opening markets for so-called low-carbon industrialized products.

    Published on 03/20/2024 - 12h39

  • Petrobras Fined $ 199 million for Environmental Infractions in 10 Years and only Paid 5%

    Petrobras committed environmental infractions that resulted in the application of more than 3,000 fines by Ibama (Brazilian Institute of the Environment and Renewable Natural Resources) in the last ten years. The penalties total R$ 985.6 million ($ 199 million).

    Published on 03/19/2024 - 13h40