From November 21st Australian tourists have been able to apply for a temporary entry visa to Brazil with the document being issued electronically. In January 2018 the electronic system will also be available to Canadian, USA and Japanese tourists. Previously these countries residents had to travel to visa centres and Brazilian Consulates in their countries for visas.
This new system should increase foreign tourist inflow by up to 25% according to the World Tourism Organisation.
China with the largest tourist market in the world has signed an agreement with Brazil for the issue of five year tourism and business visas. Brazil is also set to expand the number of visa centres in China from three to twelve, these centres reduce visa wait time from 45 to 5 days.
The International Energy Agency and Brazil have jointly announced that the country has joined the IEA as an Association country.
The announcement was made in Brasilia by Fernando Coelho Filho, Minister of Mines and Energy; Aloysio Nunes Ferreira, Foreign Minister; and Dr Fatih Birol, the IEA’s Executive Director. Dr. Birol and Minister Coelho also signed a detailed three-year work programme highlighting a range of issues of mutual interest and cooperation.
“With today’s announcement of IEA Association, we are taking another important step to place Brazil at the centre of global debate on key energy policy issues including renewable energy, energy efficiency, rational use of fossil fuels, energy security and sustainable development,” said Minister Coelho.
Brazil’s leading expertise in bioenergy, hydro and other forms of clean and conventional energy is recognized around the world, and provides an excellent basis to develop solutions for global energy challenges. Brazil has also pioneered the use of auctions for long-term contracts for renewable energy, a model that is now successfully applied as best-practice world-wide.
With Brazil, the IEA family now accounts for over 70% of the world’s total energy consumption, compared with less than 40% just two years ago. The seven IEA Association countries are Brazil, China, India, Indonesia, Morocco, Singapore and Thailand.
The agreement will allow the IEA to benefit from Brazil’s unique experience, which has enabled it to develop one of the cleanest energy mixes in the world.
Marriott International still plans to increase its number of locations in Brazil nearly threefold by 2018.
Vice president of development Guilherme Cesari said that he believes these economic issues are short term. Cesari noted that Brazil still has a strong domestic market, not only with international travellers, but also with many local business and other professionals travelling nationally and needing professional-level hotels.
He also noted that Brazil has more than 15 cities with more than 1 million residents, which he calls gateway cities with a strong and growing middle class and domestic market.
Marriott’s first hotel in Latin America was in Mexico in 1990, and over the next 20 years Marriott added 50 hotels in the region. However, from there, development exploded, and that number doubled in the next five years from 50 to 100. Now Marriott says it will add another 60 in the region over the next three years.
Those 60 hotels are spread throughout the Latin American region, but Brazil seems to be the country with the biggest increase. The company now has six locations in Brazil, with 11 more in the pipeline to open by 2018.
Source Motley Fool
The State Government (through the State Company of Paraíba Popular Housing CEHAP), will receive the Merit Seal Award 2015 in early July for the Solar Energy Photovoltaic projects and Madura City projects in the categories “Regional Impact Projects” and “Projects Focused on Customer Specific Groups”. The state of Paraíba competed with more than 20 registered projects from all regions of Brazil.
This is the third time Paraíba has received an award.
The event was sponsored by the Brazilian Association of Cohabs and Housing Public Official and the National Forum of Housing and Urban Development Secretaries. The aim was to promote, encourage and disseminate the relevant projects of the states and municipalities within the social housing sector.
The award ceremony and exhibition of the winning projects will take place in the city of Campinas – SP, from June 30 to July 2, during the 62nd National Forum on Social Housing.. The event will be attended by the Minister of Cities, Gilberto Kassab, representatives of Caixa Econômica Federal, universities, public bodies and private and civil society.
The projects were judged by a committee formed by representatives of the Ministry of Cities, Federal Savings Bank, Bank of Brazil, the Brazilian Industry Chamber of Construction (CBIC) and the Faculty of Architecture and Urbanism at the University of Brasilia (UNB).
The award this year will also include 10 projects that stand out and are examples that can be replicated in other states.
Solar Energy – The use of photovoltaic solar energy began as a pilot project by Cehap, which implemented this in public housing in the Mangabeira neighbourhood of João Pessoa. Families that took part managed up to 70% reduction in average power consumption.
Brazil’s financial services start-up Company, Nubank is launching its first MasterCard Platinum credit card manageable through an Android or iOS app following the $14.3 million raised by the company led by Sequoia Capital – the first Brazil investment in a start-up.
Getting a credit card in Brazil can take weeks, lots of paperwork and many visits to a physical bank: Nubank intentions are to swipe all of that away.
David Vélez, founder and CEO of Nubank who used to work for Sequoia specifically to help scout out investment opportunities in South America told Tech Crunch “After spending more than two years looking at technology opportunities with Sequoia in Latin America, we got convinced that there were a ton of high quality opportunities for starting tech companies in this country, but not in the sectors that most tech companies/entrepreneurs were pursuing,”. He went on to say “I decided to strike on my own because I had always wanted to be an entrepreneur, and as a venture investor I saw more interesting opportunities on the entrepreneur’s side of the table, than in the investor’s side of the table.”
There are also some more Brazil Investment advances that Nubank is tapping into. The country has been seeing a boom in broadband penetration, headed largely through smartphone growth. Today, there are 90 million smartphones in use among Brazil’s population of 200 million and growth is not slowing down.
“Our story is not about under-penetration of banking. It is about offering credit products to already banked customers that are currently completely overpaying in terms of fees and expenses, and getting a very poor experience in return,” he says. “Since we don’t have to pay for expensive [physical bank] branches or other costly infrastructure, we can pass those savings to our customers in terms of no fees products, lower interest rates, and excellent customer service. Our customers also don’t want to pay for that expensive infrastructure by the way.”
Brazil’s mortgage market grew from just 1.5% of GDP in 2007 to about 6.2% of GDP in 2012 and is still growing showing the attractiveness of any Brazil Investment
Providing our readers with Part 2 of our 5 part Blog on ’20 reasons to invest in Brazil’…
Click here to view 20 Reasons to Invest – Part 1
5) An overwhelming demand for housing – Within Brazil’s big cities, house prices have soared as salaries have grown and mortgages have become easier to obtain. Although many anticipated a general slowing, demand continues especially in the north east where many areas are being transformed to cater for the increasing tourist trade. Prices nationally rose by 12.7% in 2013 (Fipezap house price index) with the north east again expected to be higher due to new developments and a general shortage of affordable property.
6) The Brazilian Real 20 years on – Introduced to Brazil on 1st July 1994, the Brazilian currency, the Real, replaced the Cruzeiro which suffered from rampant inflation over a 30 year period. Since the Real launch, the currency has seen more stability giving confidence to international investors. As part of the BRICS economy, current Brazilian President Dilma Rouseff has been working hard to achieve the central banks inflation rate target of 4.5%. The north east has favoured much better as inflation was under 5 per cent in the 12 months to April 2014 compared with a national average of 6.4 per cent.
7) Hotel Demand on the Increase – With the massive amount of investments being channelled in to the north east region of Brazil, hotel chains are now cashing in. Ibis (part of the Accor hotels group) together with Best Western International who have over 4,000 hotels worldwide, are now firmly established in Brazil. According to data by real estate consultancy firm Jones Lang LaSalle, the number of hotels rated above two stars with online booking services are expected to rise more than 70% over the next decade. By the end of last year, Brazil had 313,833 hotel rooms registered, according to tourism ministry data. Fresh capital should also help BHG, Brazil’s only listed Hotel Company, who aim to increase the number of available suites by 50% at the end of 2015 from the current 8,539.(Reuters)
8) Brazil Welcomes Foreign Investment – Unlike some countries from around the world Brazil has been opening its doors to foreign investment for some time now. Because of its strict import taxes, companies from outside Brazil are reaping huge rewards since relocating their businesses to Brazil. In turn Brazil is also benefiting from foreign investment with over $180 billion coming into Latin America in 2013. Foreign companies interested in investing in Brazil count on numerous tax incentives granted by the Brazilian government on the municipal, state and federal level. Most incentives are granted upon the submission of a project comprising the minimum invested value, addressing job creation and other relevant matters. (Source Apex Brazil)
You’d be hard pressed to argue that Claudio Segovia’s energising stage show – Brasil Brasileiro in Sadler wells did not contribute to Brazil being declared the most happiest place on earth.
The production -which displays raw energy and pulsating beats defining the spiritual power of samba – brings together in excess of 38 artists to include musicians, singers and dancers and have all been recruited from the favela’s as opposed to Brazilian dance schools. The evolution of this wide-eyed enthusiasm is choreographed to make it hard to resist to get up and join them on stage with critics reviewing the performance as ‘one hell of a Brazil celebration’.
As the completely sold-out show poured out of the theatre (including celebrities Sir Ben Kingsley, Emma Rigby and Zoe Wanamaker), elated faces proved it was a night to be remembered. Be prepared to get out of your seat and shake about — it’s time to enjoy life as the Brasilians do!
Do you think it will shift the balance of power?
Last week, the BRICS members of emerging economies signed the long anticipated document to create the $100 billion development bank designed to influence western based lending and provide funds to each nations investment in infrastructure and development projects.
Each country will input an equal share into establishing the start-up capital of $50 billion and unlike the IMF or World Bank, have an equal say, regardless of GDP size. The goal is to reach $100 billion and break the dominance of the US dollar in global trade as well as dollar-backed institutions such as the International Monetary Fund (IMF) and the World Bank, both of which BRICS countries have little influence within.
The economies of BRICS members Brazil, Russia, India, China and South Africa represent 42% of the world’s population and account for 11 percent of global capital investment, and trade turnover almost doubled in the last five years. Membership may not just be limited to just BRICS nations, either and could include future members in Other Countries Emerging Markets Blocs, such as Mexico, Indonesia, or Argentina once it Sorts out ITS Debt Burden.
China will contribute the lion’s share, about $ 41 billion, Russia, Brazil and India will chip in $ 18 billion, and South Africa, the newest member of the economic bloc, will contribute $ 5 billion.
The idea is that the creation of the bank will lessen dependence on the West and create a more multi-polar world, at least financially. President Rousseff said “We want equal Rights and Justice…. The IMF should urgently revise Distribution of voting Rights to Reflect the Importance of Emerging Economies globally,”