the last two days of trading on the Sao Paulo bourse in March
were up after falls for seven consecutive days.
Before the clash between the two, the Ibovespa index had
registered a period of growth-upon-growth and it even went over
the 100,000-points mark for the first time.
Furthermore, last week the government raised 2.719 billion
Brazilian real from the auction of a section of the North-South
railway and another 2.3 billion dollars from concessions
regarding 12 of the country's airports. The expectation is that
the economy will improve in the second half of the year and this
could be an incentive for Tubotech, the sector's main trade
fair.
Organized by CIPA Fiera Milano and Abitam, the event taking
place in Sao Paulo October 1-3 is orientated towards this
segment's big clients, such as the oil, gas, car, building,
mining and petrochemical sectors.
Brazilian and international producers of pipes, valves,
pumps, joints and components such as BTL Steel Works, Citic
Pacific Steel, Golan Plastic, HSG Laser, HTIDC, Inductotherm,
Intras, Kent do Brasil and Nacional Tubos will be among the
exhibitors.
"There are still some things to fix and regulate on the
fiscal side, but the pensions reform is a starting point,"
Baptista concluded.
"There is a road map of actions that need to be applied to
make the economy more ordered and this path starts with the
pensions".
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