Occupying half of South America’s land mass, Brazil is the giant of the continent – both in size and in population. Brazil’s history is filled with economic turmoil, veering from boom to bust, and its culture is a melting pot that has traditionally welcomed the world.
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In the early 1980s, as the Cold War entered its last decade, the focus of Britain’s defence posture was clear. The threat lay to the East against the massed ranks of the Warsaw Pact forces. Since the post-war withdrawal from empire, just a few global commitments remained. Places like Belize in Central America, where the RAF maintained a small Harrier force to deter Guatemalan aggression, and the Falkland Islands – 8000 miles from the UK, but barely 300 from Argentina, and the military dictatorship that maintained Las Malvinas rightfully belonged to them.
Brazil is justifiably concerned that the ongoing Zika virus outbreak could deter visitors from this summer’s Olympics in Rio de Janeiro, and has announced plans to prevent the spread of the mosquito-borne disease during the games in August, including inspections and daily sweeps for insect breeding grounds.
A friend flying to Atlanta from Brasilia on Delta. He was informed that Delta will stop flying this route 21 Feb 16.
Goldman Sachs Group Inc. said the crisis in Brazil will get worse before it gets better after the bank last year warned that Latin America’s largest economy was being dragged into a depression.
Brazil’s government announced it will apply a 25 percent tax on payment abroad for tourism services, such as hotel reservations and car rentals paid abroad.
The exchange rate discourages Brazilians from traveling abroad and now the government has implemented a 25% tax on monies paid for travel services abroad.
Travel agencies and operators are going out of business.
Experts say the Rio Doce region will take decades to recover, if it ever does. Fishermen face an uncertain future and the company faces billions in fines – while experts warn of potential for further accidents.
If true, another negative for having held the World Cup here.
For rent (aluga-se) signs at commercial locations are common now. There is a brand new building, several stories high, that hasn’t rented a single store on the ground floor and it doesn’t look any of the offices have been rented either. It was completed 6 months ago.
2016 is going to be a tough year for a lot of people.
The Central Bank’s decision to maintain the country’s benchmark interest rate as well as volatility in foreign markets contributed to the devaluation.
Brazil, in US$ Dollar terms, is now much less expensive than previous years. In Reais, it is still expensive and getting more so due to inflation. If you transfer to Brazil via a multinational, better take you salary in Dollars.