News from Brazil

Politics & Government

In Brazil on January 14, 2011 at 10:25 am

INTERNATIONAL

Brazilian best-selling author Paulo Coelho said that Iran has banned sales of his books, the author said in his blog (Businessweek).

Brazil invested 2.9 billion reals (US$ 1.7 billion) in cooperation projects with other  countries from 2005 until 2009. According to a survey conducted by the Institute of Applied Economic Research (Ipea), in partnership with the Brazilian Cooperation Agency (ABC), linked to the Brazilian Foreign Ministry, most of the investment (79%) was geared towards actions by international organizations and regional banks (Brazilian-Amercian Chamber).

Brazil’s Odebrecht SA, Latin America’s largest engineering and construction company by sales, signed a $145 million contract to build a road through Peru’s northern Andes (Bloomberg).

Brazilian President Dilma Rousseff will not attend the upcoming annual World Economic Forum (WEF) in Davos, Switzerland, due to a conflict of schedules (Xinhua).

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DEFENSE

Elbit Systems has followed its acquisition of Brazilian defence electronics firm Ares with a USD260 million contract to supply unmanned turrets to the Brazilian Army. Elbit Systems’ Brazilian subsidiary, Aeroeletrônica Industria de Componentes Avionicos (AEL), will install UT30 BR 30 mm Unmanned Turrets to “a few hundred” of the Brazilian Army’s Iveco 6×6 Armored Personnel Carriers (APC) as part of the Guarani Project (Janes).

The Brazilian government and Navy are considering an ambitious plan for launching an offshore subsea lab to be located at the limit of the country´s territorial waters and beyond the farthest pre-salt play (MercoPress).

Brazil is planning to spend $6 billion (10 billion reais) on a new project to protect its borders against smuggling and arms trafficking. The money raised would be spent on radars, armored vehicles and unmanned aircraft which would mainly patrol remote border areas deep in the Amazon jungle (Reuters).

PORTS

Private-equity firm Advent International Corp. agreed to buy 50 percent of Terminal de Conteineres de Paranagua SA, Brazil’s third-largest container port terminal (Bloomberg).

POWER

Brazil’s new minister of mines and energy, Edison Lobao, has stated that the government plans to give approval by the end of 2011 for the construction of four new nuclear power plants in the country (World Nuclear News).

The Sao Paulo state government could sell its stake in energy generator Cesp to federally-owned Furnas to raise funds for investments, Folha de S. Paulo newspaper said (Reuters).

Brazil’s government expects no delays in environment licenses for the massive Belo Monte hydroelectric energy dam in the Amazon, Mines and Energy Minister Edison Lobao said (Reuters).

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