Mother’s Day will move $2.2 bn in Brazil, estimates CNC

Mother’s Day should move R$ 12.2 billion ($2.2 bn) throughout the country, according to an estimate by CNC (National Confederation of Trade of Goods, Services and Tourism). The value corresponds to an increase of 47% compared to the result of 2020 (R$ 8.26 billion($1.4 bn)).

Source: R7 Economia

BNDES suspends loan collection for small business

The National Bank of Economic and Social Development (BNDES) confirmed on Thursday, 29, that will reissue the suspension of debt collection from small and micro enterprises. The measure affects companies with annual turnover of up to R$ 4.8 million ($870k). BNDES estimates that about 100 thousand companies may benefit. With the suspension for six months, R$ 2.9 billion ($527 mm) will no longer be collected, according to the bank’s calculations.

Source: UOL Economia

Petrobras sells stake in NTS for $328 mm

Petrobras approved the sale for R$ 1.8 billion ($328 mm) of its remaining 10% stake in Nova Transportadora do Sudeste S.A. to Nova Infraestrutura Gasodutos Participações, a company formed by Nova Infraestrutura Fundo de Investimentos em Participações Multiestratégia, an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda., and by Itaúsa S.A., the current controlling shareholders of NTS.

Source: Canal Energia

Brazil struggles to sell high-tech products

Exports of high technology products totalled $1.35 bn in the first quarter and had the second worst result for the period since official records began, in 2010, according to analysis by the National Confederation of Industry (CNI). The value is only better than that seen in the first quarter of 2020, when world demand was already weakened by the effects of the pandemic.

Source: Valor International