Gabriel Galípolo, the nominee for Brazil’s Central Bank presidency, faced a Senate hearing on October 8, 2024. He assured lawmakers that President Lula had guaranteed his freedom in decision-making at the bank. This statement came during his testimony before the Economic Affairs Committee. Galípolo emphasized that Lula had clearly stated the role should focus solely […]
Related Posts
PetroReconcavo’s $60 Million Bet on Gas Processing
PetroReconcavo, a Brazilian oil and gas producer, is making a strategic move in the energy sector. The company’s board has approved a $60 million investment in a new Natural Gas Processing Unit (UPGN) at the Miranga Pole in Pojuca, Bahia State. The UPGN Miranga project will have an initial processing capacity of 950,000 cubic meters […]
Brazil Streamlines Import Process, Expects $130 Billion Economic Boost by 2040
Brazil’s import process will undergo a significant transformation starting October 1st. The migration to the Single Foreign Trade Portal will simplify operations for businesses. This change is expected to save companies R$40 billion ($7.34 billion) each year. Tatiana Prazeres, Secretary of Foreign Trade, announced this information on Monday. The Ministry of Development, Industry, Trade, and […]
Brazil and Japan announce mutual visa waiver for 90 days, strengthening bilateral ties
Brazil and Japan have reached an agreement to eliminate tourist visa requirements for their citizens visiting each other’s countries. This mutual visa waiver will be applicable to stays of up to 90 days and will be effective starting September 30, 2023. In a previous action in 2019, Brazil allowed tourists from specific countries, including Japan, […]