
EIB grants €150 million green loan to Neoenergia for Brazil grid upgrade
The EIB has signed a €150 million green loan with Neoenergia, guaranteed by Cesce, to modernise Brazil’s electricity networks and enhance renewable integration.
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Latest business news, analysis and developments related to Brazil, with a focus on Europe, Latin America and cross-Atlantic business.
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The EIB has signed a €150 million green loan with Neoenergia, guaranteed by Cesce, to modernise Brazil’s electricity networks and enhance renewable integration.

Lufthansa’s planned acquisition of up to 49.9% of TAP Air Portugal for €1.2 billion aims to boost its South Atlantic presence, especially to Brazil, but regulatory and governance hurdles may delay benefits until 2028 or beyond.

LATAM Cargo’s pharmaceutical air freight between Europe and Brazil surged 150% in early 2026, defying a flat global market and underscoring the growing demand for high-value medical logistics.

A study of Brazil’s expanding retail electricity market finds high payment delinquency and customer churn, raising concerns over consumer protection and the need for stricter regulatory oversight.

ApexBrasil’s five-day mission will focus on eight sectors, bringing Brazilian officials and businesses together with European counterparts to develop trade, investment and industrial cooperation opportunities.

Brazil exported approximately €254.9 billion in goods between January and September, supported by rapidly expanding sales to India, Europe, Africa and other emerging destinations despite weaker trade with the United States and Argentina.

Emerging-market stocks and currencies advanced after softer US jobs data reduced expectations of Federal Reserve rate hikes, with Brazil drawing focus due to its presidential election.

Brazil’s presidential election will be decided in a second round after high levels of voter rejection for both leading candidates, raising uncertainty for domestic policy and EU-Latin America relations.

Flávio Bolsonaro secured 47.31% of valid votes against Luiz Inácio Lula da Silva’s 44.83%, leaving Brazil’s presidency to be decided on 25 October. The result opens three weeks of intense campaigning over economic management, public security, fiscal policy and the country’s international alignment.

High voter turnout could determine whether President Lula or Senator Flávio Bolsonaro secures a first-round win or if Brazil heads for a runoff, with major implications for EU trade ties.

Government policies are set to play a decisive role as Latin America targets a doubling of onshore wind capacity to 120 GW by 2035, led by Brazil and Mexico.

LATAM Cargo has reported a 150% year-on-year jump in pharmaceuticals transported between Europe and Brazil from January to July, driven by soaring demand for GLP-1 medications for type 2 diabetes.

Petrobras's latest oil discovery in the Foz do Amazonas basin could strengthen Brazil’s path to energy independence and reshape regional energy dynamics.

The value of EU coffee imports soared to €18.7 billion in 2025, up from €8.6 billion in 2015, led by rising demand and strong supply from Brazil and Vietnam.

Atlas Critical Minerals' Malacacheta project in Brazil now holds South America's biggest graphite resource, strengthening Brazil's role in the battery metals supply chain as global demand for graphite accelerates.

Argentina’s central bank expects to complete the regulatory process in 2026, clearing the way for the British fintech to acquire Banco Cetelem and add the country to its expanding Latin American network.
The Australian company has expanded its mineral resource in Brazil and is testing processing routes as it seeks industrial partners. Its potential role in European supply chains now depends on turning geological scale into commercial production.

Aura Minerals has secured a $200 million syndicated loan to accelerate growth across Latin America, with a focus on expanding gold production through the Era Dorada project in Guatemala.

Brazil's central bank is set to lower its key interest rate by 0.25 points to 13.75% in its final move before the presidential vote, a decision with potential implications for business, consumers and the political landscape.

Foreign Minister Antonio Tajani is leading a business delegation that includes Confindustria, ICE, SACE, SIMEST and CDP. Bilateral trade reached €11.07 billion in 2025, while the first figures following the EU–Mercosur agreement show a 22.3% increase in Italian exports to Brazil.

A Senate-approved framework would mobilise up to €1.17 billion through project guarantees and incentives for local processing. Brasília wants the country to capture more value from rare earths and other strategic resources, although new powers to screen foreign investment and concerns about environmental safeguards could influence its implementation.

Brussels removed Brazil from its list of approved suppliers over concerns about compliance with EU rules on antimicrobial use, affecting beef, poultry and other animal products. Brazilian authorities are seeking a negotiated solution and have warned that reciprocal measures remain an option.

The Spanish intellectual property group is broadening its services for healthcare companies operating across Europe and the Americas, combining patent expertise with regulatory advice and clinical research capabilities.

Brazil accounted for nearly four-fifths of Italian exports to the South American bloc in May, while Uruguay and Paraguay recorded the highest percentage increases. The figures coincide with the first month of provisional application of the EU–Mercosur trade agreement, although a longer data series will be needed to measure its impact.

The industrial technology company combines connected sensors, artificial intelligence and engineering services to anticipate equipment failures. Its subscription model offers manufacturers an alternative to purchasing and managing separate monitoring systems.

The Upper Austrian manufacturer of plastics pelletizing systems has launched ECON Brasil in Santa Catarina, combining sales, technical service, assembly and logistics. The expansion follows a year in which the export-driven company generated more than €34 million in revenue and strengthens a global network that already includes the United States, China and India.

TAP Air Portugal carried a record 8.2 million passengers and increased revenue during the first half of 2026, but higher fuel, personnel and fleet-related expenses pushed the airline deeper into the red. The results come as Portugal evaluates bids from Air France-KLM and Lufthansa for a minority stake in the state-owned carrier.

The Swedish metals group will acquire Votorantim’s 64.68% stake in Nexa Resources through a share exchange that values the entire company at approximately €1.74 billion. Boliden will subsequently offer cash for the remaining publicly traded shares, but the transaction still requires shareholder and regulatory approvals before its expected closing in early 2027.

The Portuguese infrastructure group generated €74 million in attributable profit during the first half of 2026, supported by higher activity and margins in Africa and Latin America. Revenue reached €2.90 billion and EBITDA climbed to €487 million, although weaker European operations, rising debt and lower operating cash flow remain important challenges.

SKY’s shareholders will receive an ownership interest in Abra, the parent company of Avianca and GOL, while the airline will be transferred to a newly created independent company. The transaction strengthens Abra’s presence in Chile and Peru, although it will only become effective after closing and does not introduce immediate changes for passengers or employees.