I am in Brazil this week, visiting our Sao Paulo office and our impressive local team there.

21 - 27 May 2016

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From the CEO OF EMIS

I am in Brazil this week, visiting our Sao Paulo office and our impressive local team there. Before arriving, I hadn’t known quite what to expect with the ongoing political upheaval in the country. What I have found has given me cause for optimism.
Of course there is still huge uncertainty as to how the current situation will play out and there are enormous structural problems to fix but Brazil does not really feel like a country in crisis.

In fact, certain parts of the Brazilian economy are thriving. The technology sector grew by 20% in 2014/15. Within our own sector, we were able to achieve double-digit growth in the country last year. There is also a sense that a nadir may have been reached politically and that the current turmoil will reach a resolution soon. Many analysts are becoming more bullish about the prospects for commodities, on which Brazil’s economy so depends.

As I have written previously, Brazil has been through this kind of political turbulence before and will likely do so again. The chances are that it will also emerge stronger and wiser as has happened before. Brazil remains “the country of the future” but we should acknowledge the significant opportunities that exist right now.

Guy Dunn
Chief Executive Officer


Here are a few articles I came across on the EMIS service related Brazil:

JUCÁ: A SURE PROBLEM FOR TEMER´S GOVERNMENT

Investigated by Operation Car Wash, the senator assured to Mr. Temer that nothing would be found against him.


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CORPORATE EARNINGS INCREASED IN 2016

Despite difficulties in economy, corporate earnings improved due to exchange rate and commodity prices.


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MEIRELLES PROPOSES CAP TO PRODUCE SAVINGS IN GDP

Finance, Henrique Meirelles, will formalize a constitutional amendment proposal, for setting a cap on the federal government's primary spending.


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Infographic of the week


The below infographic details the top 10 insurers in emerging Europe in terms of total operating revenue, taken from the EMIS platform.

 



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EMIS Insights and reports

Here are two of our own exclusive industry insights from EMIS' team of highly experienced, locally-based analysts. EMIS Insights deliver the most relevant industry news, data and research from over 25 sectors in 21 countries.


MALAYSIA PLANTATIONS: EXIT EL NINO

The El Nino year in 2015, which is expected to continue into 2016, presented a challenge to plantation companies as they saw yields decline due to the unfavourable weather conditions.

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HUNGARY BANKING SECTOR: OUT OF SORTS

The main factors contributing to weak credit demand and supply in Hungary have been high foreign currency indebtedness in the private sector, a drop in credit portfolio quality, and low bank profitability.

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Below are the most read articles in the past week on EMIS Perspectives, our daily blog of emerging market news and insights.

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Commerce minister Apiradi Tantraporn said the Thai side first wanted to settle key details of the pact, leaving minor contentious issues for later discussion.


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67 OIL AND GAS FIELDS FOR AUCTION IN INDIA

The oil ministry will auction 67 small fields with oil and gas discoveries for commercial production. The revenue share agreement for these fields have been simplified.




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BRAZILIAN COOPERATIVES EXPORTS UP BY 8.4% IN Q1

Brazilian agricultural cooperatives exports grew 8.4% in the first quarter of 2016 compared to the same period last year, M-Brain – News Monitoring reported on Tuesday..




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PANAMA TO BECOME THE HIGHEST GROWING ECONOMY IN CENTRAL AMERICA IN 2016

Panama will post the strongest economic performance in Central America this year with GDP growth at around 6%, according to budgetary and economical organization Sieca.




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CEPAL FORECASTS FDI OF USD 28.30BN IN MEXICO THIS YEAR

The Latin American and Caribbean region Economic Commission (Cepal) predicts that in 2016 Mexico will receive foreign direct investments (FDI) of USD 28.30 bn.



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RUSSIA AND HUNGARY MAY SET UP A JOINT AIRLINE

Russia`s Trade Minister Denis Manturov has announced on Tuesday that Moscow is still considering an opportunity to set up a joint Russian-Hungarian airline.



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RUSSIA ACCEPTS CHEMICAL STRATEGY 2016-2030

Dmitry Medvedev has signed a ruling approving a plan to implement a program in the local chemical and petrochemical complex until 2030.



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BMI: THE FUTURE'S BRIGHT FOR SLOVAKIA'S LIFE INSURANCE SUB-SECTOR

BMI has downgraded its growth forecast for gross life insurance premiums from an annual average of 6% to 5% in 2016-2020, due to slower growth in household income.



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EGYPT'S GAS PRODUCTION COULD REACH 6 BILLION CUBIC FEET BY YEAR-END 2019

Country’s Oil Minister, Tarek El-Molla has announced that the country plan is to boost its natural gas output from the current 3.9 Bcf/d to between 5.5 and 6 Bcf/d by 2019 ending.

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AFDB TO PROVIDE 25 MILLION JOBS IN AFRICA

The African Development Bank Group`s project includes a plan of creating 25 million jobs for young people over the next 10 years.






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DUBAI TO SEE 2.5M SAUDI TOURISTS BY 2020 – OFFICIALS

Dubai is ranked among the top destination choices for Saudi Arabian travellers and their number is expected to grow by almost 100 percent by 2020.





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