The Washington Post features an excellent article on Petrobras and its five-year, $ 174 billion initiatie to provide rights, vessels, drilling systems and oil platforms to drill up billions of barrels of oil.
Brazil was still an oil importer five years ago, it became today a net oil exporter (Brazil is completely self-sufficient in both oil and electricity).
José Sergio Gabrielli,, Petrobras’ president said last week “It’s going to change the role of Brazil in the geopolitics of oil”. By 2020, Brazil will produce 3,9 million barrels a day. The Brazilian proven oil reserves would rise form 14,4 billion barrels to more than 30 billion barrels; this puts Brazil in the same league as major oil exporters as Qatar, Kazahstan and Nigeria.
French power equipment and train company Alstom SA announced a plan to install a wind-turbine assembly plant in Brazil.
The assembly plant will be installed in Bahia and it ploans to invest around EUR 20 million in a plant to assemble up to 300 megawatts of wind-generation capacity a year.
Alstom´s Philippe Cochet, who heads the group´s wind-power operations, said the company´s announcement “confirms its strategy in the region and its aim to become a key player in the Brazilian wind market.”
The new wind turbine assembly facility could start operating in early 2011, Alstom said.
People seem to have a misconception about the buying power in Brazil; especially in the rich thriving cities like Curitibia, Porto Alegre, Sao Paulo, Rio de Janeiro and Florianopolis.
A new study reveals that Sao Paulo is the 3d most expensive city in the world, with only Oslo and Copenhagen proceeding it.
The study was based on product price comparisons of 26 products in 33 countries.
Shockingly enough there is no American city at all on the list.
Here’s the ranking:
1. Oslo, Norway
2. Copenhagen, Denmark
3. Sao Paulo, Brasil
4. Paris, France
5. Reykjavik, Iceland
6. Stockholm, Sweden
7. Helsinki, Finland
8. Dublin, Ireland
9. Sydney, Australia
10. Rome, Italy
11. Tokyo, Japan
12. Amsterdam, Netherlands
13. Vienna, Austria
14. Brussels, Belgium
15. Berlin, Germany
16. Cape Town, South Africa
And Sao Paulo does indeed have spending power (not even referring to Campinas). Just go a night out in Sao Paulo, you’ll be surprised by the sheer size of the Paulista Jeunesse Dorée.
A crucial reality check to check to which extent real estate selling prices are real is to keep an eye on the rent versus selling prices index.
We checked today the rental prices evolution of the last 6 months in Ipanema, Leblon and Lagoa in Zona Sul. We are not talking bout temporary rental, but long-term local rental prices.
On average, rental prices went up by 18%, the last 6 months, that is 36% on a yearly basis.
The medium monthly rental price for a 3 bedroom appartment is now:
Ipanema: R$ 5.534 (2.128 €)
Lagoa: R$ 3.671 (1.411 €)
Leblon: R$ 5.240 (2.015 €)
By way of comparison, medium selling prices for a 3 bedroom appartment are now:
Ipanema: R$ 967.000
Lagoa: R$ 875.230
Leblon: R$ 1.148.624
Supermarket sales in Brazil went up 7,3% compared to the year before. The sales rise resulted largely from the further inclusion of social classed D and E. This social progress of this enormous slice of the population underlines the growth potential ahead.
Unemployment dropped in October to an all-time low of 7,5%, while average income rose 3,2% year-on-year to R$ 1.350 (770 USD)
Also important: the consumer price index is running at a 12 month rate of 4,27% as of October, comfortably beow the government’s official goal of 4,5%. With inflation under control, the central bank keeps its Selic base interest rate at 8,75%, the lowest rate ever.
Uma vida prática e com muito estilo, é o que o empreendimento Le Jardin tem a oferecer a você e sua família. São três casas independentes cercadas pelo verde em um dos bairros com mais qualidade de vida de Florianópolis.
O empreendimento Moradas da Ilha, oferece a oportunidade única de morar em casas cercadas pelo verde em um dos bairros com mais qualidade de vida de Florianópolis.
