Portuguese investments in Brazil down 10.4 percent in 2006

29 January 2007

Brasilia, Brazil, 29 Jan – Direct investment in Brazil by Portuguese companies in 2006 dropped by 10.44 percent to a value of US$ 300 million, according to official figures from Brazil’s central bank.

Portugal’s investments in Brazil last year represented only 1.4 percent of Brazil’s total foreign direct investment, with Portugal falling from 15th to 14th place behind the US, Holland, the Cayman Islands, Switzerland, Spain, Canada, Germany, Mexico, Luxembourg, France, Japan, Bermuda, UK and Norway.

The SAG automobile group (US$ 45 million) was one of the largest overseas investors in Brazil.

According to Brazil’s central bank, total foreign investment in the Latin American country in 2006 rose by 24.7 percent to a value of US$ 18. 78 billion from US$ 15.066 billion the previous year. (macauhub)