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After months of conflict, mining companies and the government have just reached an agreement on the implementation of a tax on the super benefits of their activity.
Brazils economy grows at 9% year-on-year, the highest rise for 14 years. The rapid economic recovery has translated into improved payment behaviour by Brazilian companies.
To stimulate business activity, the rate of corporate tax will drop 2% - to 28% - while, at the same time, the Goods and Services Tax will rise to plug the gap in revenue.
The concern in United Kingdom is that any aggressive action to reduce the deficit may push the economy into the dreaded double dip scenario and a return to recession.
Crédito y Caución expects a continuing stabilisation of the steel sector in the second half of 2010, although pre-crisis production levels will not be reached before 2012 or 2013.
After the record high level of bankruptcies in 2009, the trend has reversed reflecting a 15% decrease in Q1. Crédito y Caución expects insolvencies to decrease 10% in 2010.
Crédito y Caución expect the German food industry to remain stable in the coming months, and to benefit from the opportunities offered by export markets.
Atradius Group, a leading global credit insurer, announced today a new structure for the Management Board, the higest executive body of the Group.
O Grupo Atradius, operador líder de seguros de crédito a nível mundial, apresenta hoje a nova estrutura do Management Board, o órgão executivo do Grupo.
Since it last forecast on Germany three months ago, Crédito y Caución has revised its forecast for insolvency downwards, and now expect insolvencies to rise by less than 10% in 2010.
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