Article: Mega-resort Aquiraz Riviera starts land plots sales
by Nuno Sobral, manager and partner at Nobreza Empreendimentos Imobiliários

Mega-resort Aquiraz Riviera, a venture promoted by the Portuguese-Brazilian consortium, has launched on 26^th June the first phase of sales of residential lots in its tourism and real estate project. The first phase includes 312 lots, with a 1,000 sq meters average area. Realtor Lopes Immobilis is in charge of commercialization of what will be the largest tourism venture of international standard in Brazil.

Located in Marambaia beach in Aquiraz, about 25 km away from Fortaleza, Ceará, the mega-venture  will be the largest international standard tourism development in Brazil, with an estimated total value of US$ 350 million. The Aquiraz Riviera has a total area of 285 hectares, approximately 1,800 meters of ocean front and is developed by a consurtium, Aquiraz Investmentos  SA, which includes the entrepreneur Ivens Dias Branco and the portuguese Ceara  Investment Fund, Grupo Hoteleiro Dom Pedro and Grupo Solverde.

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News - Brazil Output Expands for Fifth Straight Month in May

July 2 (Bloomberg) -- Brazil’s industrial output posted its fifth straight monthly gain, even as production trails levels reached a year ago, cementing bets that Latin America’s largest economy is recovering from its first recession since 2003.

Production rose 1.3 percent from April, the national statistics agency said today in Rio de Janeiro, beating expectations for a 0.8 percent increase in a Bloomberg survey of 23 economists. Output fell 11.3 percent from the year-ago month, less than the median forecast for a 12 percent contraction.

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News - Brazil new-car sales highest ever in June

SAO PAULO, July 1 (Reuters) - Brazilian motorists bought more new cars in June than any previous month in history, scoffing at the country’s recession and driving around 290,000 cars from the showrooms, an industry source said on Wednesday.

The government has twice renewed a tax break that suspends sales taxes on one-liter engined cars and reduces it for larger capacity models, keeping sales buoyant even through the worst of the recent downturn.

The cut, introduced last December, lowered showroom prices about 10 percent and was extended this week for three more months, making Brazil one of the few bright spots for the global auto industry.

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News - Brazil to Cut Taxes, Lower BNDES Rate, Mantega Says

June 29 (Bloomberg) - Brazil will cut sales taxes on 70 capital goods and lower the long-term interest rate charged by the state development bank in a bid to speed up the economy’s recovery, Finance Minister Guido Mantega said.

Mantega, speaking to reporters today in Brasilia, said the government will also extend existing tax breaks on the purchase of cars, home appliances, construction materials and some food staples until at least October.

“The measures announced today are in the right direction,” said Zeina Latif, chief economist at ING Bank NV in Sao Paulo. “They tend to work because the economy isn’t too depressed. If we had a depressed economy with falling income the measures wouldn’t be so efficient because demand depends on prices and income.”

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Article - In Brazil, Sun and Sand Beaches Lure Buyers to Recife

RECIFE, BRAZIL — Luca Sinesi, 36, came here for the first time in 2003, with no idea that this beach-fringed port city would become his permanent home.

“I left the city in 2005, but I missed it so much I was back within six months,” said Mr. Sinesi, an Italian who is now Brazil field director for the British charity International Service. “Recife has a way of life which sets it apart from cities in the south of Brazil.

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