News from Brazil

Regional, Culture & Travel

In Uncategorized on May 16, 2010 at 12:51 pm


Brazilian artists are helping lead the country’s economic recovery, after recording skyrocketing sales at the country’s biggest commercial art fair. Let’s look at why art-lovers from around the world have flocked to the Sao Paulo Arte fair (Xinhua).


The seasonally adjusted fiscal and primary balances of the State of Rio de Janeiro were stronger than in 2009 (primary non-seasonally adjusted balance was of R$ 1.6 billion), while tax collection including royalties grew 17% in relation to the first two months of 2009.  This increase is explained by the buoyancy of the economy, as well as results from stronger tax enforcement and greater participation of consumers in informing Receita about sales values, through the CUPOM MANIA program. CUPOM MANIA rewards consumers who send key information about their purchases to the Receita through SMS on their cellular phones (RIO STATE).

The Institute of Public Security (ISP) has published details of a sizable drop in homicide rates in the State of Rio De Janeiro for the month of February 2010, along with other indications pointing towards significant decreases in smaller crimes. The picture outside the state capitals, however, appears to be getting bleaker, with an upward trend in crime uncovered in the municipalities (The Rio Times).

The cultural buzz in Santa Teresa takes a literary bent this weekend as the city’s bohemian village on the hill plays host to the second annual FLIST, the Santa Teresa Literary Festival. FLIST returned on Saturday, May 15th and Sunday, May 16th with a program full of literary talks, workshops and musical performances (The Rio Times).

In Rio, drowning out the rest of the world can be a daunting task. The constant, rhythmic “clank” of chisels breaking concrete and the hum of drills cutting tile can be heard from nearly any corner throughout the city. It is a symbol of the country’s increased economic power and transition from “Developing” to “Industrialized” status (The Rio Times).



The Centro Cultural do Instituto Moreira Salles (IMS) in Rio de Janeiro, hosts until July 25th, the exhibition “As Construções de Brasília” (The Construction of Brasilia), with 157 pictures taken by IMS photographers and a selection of 44 works of modern and contemporary visual art about the capital and its importance over the past 50 years (Rio Official Guide).


The controversial Belo Monte hydroelectric dam in the Amazon rain forest will bring returns of more than 10 percent a year, Jose Antonio Muniz Lopes, chief executive of Brazil’s state-controlled power utility Eletrobras told local media (Reuters).

Large shopping malls are under development for the Amazon’s main cities. Check the map at the Wall Street Journal.

Vale, the Brazilian Development Bank (BNDES), Caixa Econômica Federal workers’ pension fund (Funcef) and Petrobras workers’ pension fund (Petros) are forming one of the biggest reforestation funds in Brazil. The fund will invest R$605 million up to 2014, with initial resources to be invested by a new company, Vale Florestar S.A. The financial structuring of the fund will be carried out by Global Equity Administradora de Recursos, which will also be responsible for identifying and evaluating new investment opportunities (Vale).


As South Africa prepares to kick off its World Cup next month, soccer-crazy Brazil is coming under fire for dragging its feet and missing deadlines on preparations for the event four years from now, which include building five stadiums from scratch and carrying out major overhauls of others (Reuters).

Brazil may reduce the number of cities hosting soccer games during the 2014 World Cup to six from 12 (Bloomberg).


For those seeking an enclave of tranquility and shockingly beautiful scenery, Praia da Pipa has long been a favored destination. However upon arrival in Pipa visitors often find it hard to tear away. Luckily there are plenty of real estate options to provide the addicted with a place to stay for weeks, months or even years (The Rio Times).


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