The Ministry of National Integration found emergency in 12 municipalities of Paraíba. The state was hit by heavy rains this year and is unable to repair the damage from their own resources. The order published in the Official Gazette today (31) authorizes the transfer of R$ 5 million as extraordinary credit.
The funds will be used in the reconstruction of houses in the municipalities of Livramento, Taperoá, Igaracy, Poço José de Moura, São Francisco, Congo, Santa Cruz, Camalaú, Vieirópolis, Bernardino Batista e Sousa. Livramento will also have work to repair dams and bridges.
The transfer of resources must occur within 180 days from the publication of the decree, which comes into force today.
The rains triggered floods in Paraiba and flooded several towns, leaving people stranded and homeless in some locations. The flooding occurred mainly in river areas, with mudslides in many places.
ONORTE
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The Municipality of João Pessoa (PMAP) has completed the construction of about a mile of pavement on Avenida Ayrton Senna, in the neighborhood of Róger. The project was in response to a longstanding demand from the residents due to an increase of vehicles using the road.
The goal is to promote accessibility for residents. The greatest beneficiaries will be children and the elderly, the main victims of accidents involving pedestrians on that section of road.The work was carried out with funds from the contract that provides for the renovation of squares, parks, promenades and gardens set up in various districts of the capital.
The section is next to the pathway near the electronic sleeping policeman. The pavement is concrete with about 1.5m wide.
Local resident Maria de Lourdes, who has lived in the area for nearly 20 years, believes that the initiative by the Municipality is very welcome and will ensure the safety of pedestrians. “Here the people had to share the road with the cars and it was very dangerous, there are many cars here throughout the day,” she said.
Similar work is being carried out on the slopes of Castelo Branco I, where the City is improving the pavement. Foot paths have also been built elsewhere, like Avenues Tancredo Neves, Beira Rio and Epitácio Pessoa, as well as on the streets that divide the neighborhoods of Mangabeira, Valentina de Figueiredo and Albin.
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Brazil is set to unveil today, August 31st, a sweeping reform of regulations covering the oil and natural gas industries. The regulatory framework will delineate how recently discovered offshore sub-salt oil deposits should be developed, who will develop them and who will reap the rewards.
The reform is part of Brazilian President Luiz Inácio Lula da Silva’s effort to use the newfound oil wealth to ease the country’s poverty, improve its education system and promote technological research.
Lula is expected to forward the measures to Congress on Tuesday, asking for quick approval to speed up development of the oil deposits. But with elections on the horizon next year, the political infighting has already started.
Doubts about how royalties from the promising sub salt oil deposits will be distributed have cast a pall over Monday’s grand ceremony, set to take place at a convention hall in Brasilia. The governors of Rio de Janeiro and Sao Paulo states haven’t yet confirmed their presence because of the dispute. (more…)
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SAO PAULO (Dow Jones)–Shares of Brazilian real estate companies rose Friday as investors see them well placed to take advantage of the country’s economic rebound
As of 1430 GMT, shares in Brazil’s largest real-estate developer Cyrela Brazil Realty SA (CYRE3.BR) were up 5.65% at 23.75 Brazilian reals ($12.98), while its local rival Gafisa SA (GFA) was up 6.77% at BRL27.60.
The benchmark Ibovespa index was 1.4% higher.
“The scenario is very positive for real estate companies. Investors are confident that they are well positioned,” said Alex Pardellas, an industry analyst at Banif Investment Banking.
After Brazil’s gross domestic product dropped 1.8% in the first quarter of 2009, analysts are expecting a recovery in the next few quarters.
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The Economist. the British group who publishes a business magazine of the same name, is going to promote, on October 21st, The Economist’s Brazil Summit, a conference in which existing business opportunities in the country will be among the key subject matters. The meeting will happen in São Paulo, in southeastern Brazil.
“We chose Brazil because of the potential that its market has shown. We believe that a large share of multinational companies tend to be based in the country, and nearly 50% of the 100 largest ‘multi-Latin companies’ are based in Brazil as well,” said the Marketing and Communications director of The Economist Group for Latin America and the Caribbean, Adrian Garcia-Aranyos.
In addition to discussing opportunities in the country, the forum should tackle issues such as the shift in the international scenario after the financial crisis, the comparison between large emerging countries as engines for global growth, the role of Latin America in a new world order, Brazilian education, consolidation of the financial and capital markets in the country, and the perspectives for Brazil up to 20
According to the evaluation of the Economist Group, emerging markets remain an important source of growth for the world economy, and Brazil’s resistance to the effects of the crisis will be put to the test this year and in the next year. “The opportunities in Brazil are there to be seized by those who are well-informed, up-to-date and ready to take action,” says a release issued by the group. (more…)
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