News - Silva: Brazil to spend whatever needed for WCup

“Obviously, we don’t want to host a World Cup spending more than what we have,” Silva said on Thursday. “What we want is … to spend whatever is necessary to facilitate the lives of people before, during and after the World Cup.”

The cost of the 2014 tournament could reach more than $40 billion in infrastructure alone, according to Globo’s G1 Web site on Wednesday.

Silva said it will need investments from the private sector, which will have a chance to “make money” from the World Cup.

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Article - Brazil Property Investment: More Than Just the Amazon

Investing in Brazil real estate could prove worthwhile for investors

Brazil, the largest and most populous country in South America, draws many with its sun, sea and sand. In fact, Brazil’s government is actively encouraging foreign investors to throw their hats into the country’s ring. And with a housing surplus, a flourishing economy and a strong potential for future growth, a property investment in Brazil may prove to be an attractive option. In fact, Brazil received a second-place ranking on NuWire’s list of the Top 5 Latin American Real Estate Markets last year.

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News - Brazil to Auction Oil Blocks as Offshore Rules Face Revisions

Pre-sal: Auctions with low oil prices?

Dec. 18 (Bloomberg) - Brazil plans to begin its 10th annual oil rights auction today as the government of Luiz Inacio Lula da Silva considers revising the country’s petroleum rules in the first major overhaul since a state monopoly ended in 1997.

The National Petroleum Agency, known by its Portuguese initials, ANP, plans to sell 130 exploration blocks covering 70,000 square kilometers (27,000 square miles) of onshore areas. The sale is the first to exclude offshore blocks and comes a year after areas near Tupi, the largest discovery in the Americas since 1976, were pulled from last year’s auction.

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