Brazil bureaucracy

If the Brazilian government is looking for inspiration about how to attract foreign investment to the country, they need only to study the example of Top Right Group.

The UK-based business-to-business media group, formerly known as Emap, this week announced the opening of its first office in Brazil, which will also serve as its Latin American sales hub. 

It’s been a(nother) tough week for CSA, ThyssenKrupp’s vast Brazilian steel mill.

Rio de Janeiro’s city council ordered the company on Monday to halt operations at the iron and steel plant just outside the city. Apparently, they did not have all the correct licences. If CSA did not comply with the order, the council said, they would have to pay a fine of R$570.65 ($280.28) per day.

That’s not great news for any company, especially CSA.