Investment in Brazil 'good opportunity for tech firms'
Date added: 19th April, 2011 at 14:00
(view all articles from April, 2011)
Categories: Economy
Investment in Brazil could be a good move for technology firms, one specialist has said.
Speaking to AFP, emerging markets expert at Gartner Luis Anavitarte explained why these companies could benefit from ploughing money into Latin America's largest economy.
"There are good professionals who can ensure that investing firms can more easily enter the market," he stated.
Brazilian science and technology minister Aloizio Mercadante told the news provider that the country wants to encourage research and development firms to establish themselves in the nation.
"The biggest challenge for Brazil is innovation," he explained. "We are setting up foreign research centers that will register or apply for patents in Brazil."
Oil company Petrobras runs one such institution called Cenpes, the general director of which - Carlos Tadeu da Costa Fraga - said projects looking at biofuels, biotechnology and the environment are in the pipeline.
The energy firm has teamed up with universities around Brazil to improve their research function.
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Numbers of hotels for sale in Brazil to rise?
Hotel Interactive reported on the comments of senior vice-president of Lodging Econometrics Bruce Ford, who explained at the BITAC luxury event that the World Cup and the Olympic Games, which are soon to be hosted by the nation, will give the industry a boost.
"They have some tremendous events coming up in Brazil over the next several years … and they will need to build hotels and they will need to become more branded," he said.
In 2014, the World Cup will be played over 12 cities in the country, while the Olympics will be held in Rio de Janeiro in 2016.
Mr Ford said that developers' plans are "largely unannounced" at the moment but he predicted that 30,000 rooms could be under construction by the end of next year.
"The more branded that they become the more that banks are going to get interested, the more that international investors are going to get interested," he asserted.
Currently, there are around 11,000 rooms being built, the news provider noted, with another 15,000 more announced as part of new projects this year.
Hotel Interactive stated that changes in the Brazilian population may also be positive news for the sector.
Indeed, the Brazilian Institute of Geography and Statistics (IBGE) recently revealed that usual real income among its people had reached R$1,540.30 (£588.57) in February compared with R$1,485.94 at the same point a year earlier, representing a 3.7 per cent annual increase.
This may reflect the increasing number of individuals in work in the country, as the figures also showed the unemployment rate dropped to 6.4 per cent last month, compared with 7.4 per cent 12 months previously.
In February, there were around 10.7 million people with jobs with formal contracts – a 6.9 per cent rise on statistics from a year earlier, or an extra 687,000 roles.
Other positive changes in Brazil reflected in statistics from the IBGE include a 1.2 per cent increase in retail sales in January compared with the month before, the ninth hike seen in as many months.
Meanwhile, nominal revenue in the sector grew by 1.1 per cent, rising for the 13th consecutive month....
Date added: 31st March, 2011 at 10:03
(view all articles from March, 2011)