The BNDES has approved R$ 69 million in financing for Jotun Brasil Importação Exportação e Indústria de Tintas. With these resources, the company will set up an industrial plant in Itaboraí (RJ), located 45 km from Rio de Janeiro capital, with the capacity to produce 10 million liters per year of solvent-based paint.

The Brazilian Development Bank (BNDES) posted net profit of R$ 8.2 billion in 2012, a year marked by instability in financial markets and poor performance on stock markets. The most significant contribution to this profit was the earnings from investments financing. Comparing 2012 to 2011, profit was down 9.6% on the previous year, from R$ 9 billion.

The director of the Environmental Division of the Brazilian Development Bank (BNDES), Guilherme Lacerda, and the Minister of the Environment, Izabella Teixeira, signed a contract in the amount of R$ 65 million for the Brazilian Forest Service on January 24.

The board of directors of the Brazilian Development Bank (BNDES) has approved two more projects that will be supported by the Amazon Fund, in the total amount of R$ 27.3 million.