Small businesses generated 70% of jobs in the 1st quarter of 2021

Micro and small businesses created 587,000 new formal jobs in Brazil between January and March this year. This number represents 70% of the total jobs generated in the period. The analysis was made by the Brazilian Micro and Small Business Support Service (Sebrae) based on data from the General Cadastre for Employed and Unemployed (Caged).

Source: G1 Economia

BNDES approves financing of $41.5 mm for wind farm in RN

The National Bank for Economic and Social Development (BNDES) announced the approval of a R$ 216.7 million ($41.5 mm) financing for the construction of the Santa Martina 9 wind farm, located in four municipalities of Rio Grande do Norte. Resources correspond to 76% of the total value of the investment in the project; the plant has 63 MW of installed capacity and is part of the wind farm complex Rio do Vento.

Source: Energia Hoje

Water crisis threatens inflation and GDP, government says

The brewing water crisis in Brazil is a risk that cannot be ignored and may impact the economy and inflation,
Special Secretary of Finance Bruno Funchal said Monday in a hearing in the Senate. While commenting on the prospects for the economy, Mr. Funchal said there is no doubt that the faster mass vaccination, the better GDP growth will be this year and next. Vaccination, growth, and fiscal improvement are closely linked, but there are risks ahead, according to him.

Source: Valor International