Today Russian President Vladimir Putin will take part in the summit of BRICS (Brazil, Russia, India, China and South Africa) opening in Fortaleza in the north-east of Brazil, reports TASS.The Russian president will arrive in Fortaleza from the capital Brasilia in the evening local time (at night Moscow time) to immediately take part in a bilateral meeting with Chinese President Xi Jingpin and to meet the new Prime Minister of India Narendra Modi who replaced Manmohan Singh in that position in May this year.
The BRIC member states have surpassed the developed countries in terms of women’s career achievements. According to a study, the share of women who are occupying administrative posts in the developing countries is higher than that of the developed states, especially, when being compared to Germany where only 13 percent of women are director generals of big companies.
India has proposed to establish a joint bank which would fund joint economic projects within the BRICS group which brings the Indians together with Brazil, Russia, China and South Africa. The proposal is expected to be discussed on the fringes of the next meeting of the finance ministers and the central bank governors of the G-20 in Mexico this weekend.
GDP growth of the BRIC countries (Brazil, Russia, India and China) may exceed 7% in 2012, the Goldman Sachs investment bank predicts in its report.
According to a report by the chairman of Goldman Sachs Asset Management Jim O’Neil, the combined GDP of the BRIC members Brazil, Russia, India and China is set to top that of the United States before the end of this decade.
Russia’s National Rating Agency believes the downgrade of America’s credit status marks the shift of global economic power from the United States to the major emerging economies, including the BRIC group of Brazil, Russia, India and China.
According to a recent report by the International Monetary Fund (IMF), the main contribution to the economic growth of undeveloped countries comes from Brazil, Russia, India and China, the so-called BRIC countries.
South Africa has officially joined the BRIC group – an alliance of Brazil, Russia, India and China. This was revealed by the Indian Finance Minister Pranab Mukherjee after a meeting of the J20’s countries’ finance ministers and central banks’ heads in Paris. From now, the group will be called BRICS.
On Monday, the US Treasury Secretary Timothy Geithner visited Brazil for a one-day visit and had important talks with the newly-elected Brazilian President Dilma Rousseff.
A famous American economist Jim O’Neil, who is best known for his prominent economic thesis regarding the economically related nations referred to as BRIC (Brazil, Russia, India and China), has suggested including Mexico, South Korea, Turkey and Indonesia in the group of largest emerging economies.
The Asia-Pacific region currently doesn’t have a universal mechanism for discussing security issues, such as the OSCE. The head of the Russian Foreign Ministry Sergei Lavrov said this in the course of Thursday’s press conference in Moscow, where he summed up foreign policy outcomes for 2010.
In a report titled “Global economic prospects for 2011”, the World Bank speaks of a slow but steady recovery of the global economy.
Danish businessmen believe in the economic growth of BRIC countries markets which are Brazil, Russia, India and China but not in the US. This comes in a poll conducted by a Danish pollster among 742 Danish CEOs, who plan to expand their business presence in BRIC countries.
The outgoing year seems to be the last one for BRIC in its current format. However, there’s no optimism on that score. The point is that instead of disappearing from the world arena, BRIC is acquiring some new features. As you may know, some time ago South Africa received an official proposal to join the BRIC Group.
South Africa has been invited by China to join the BRIC group comprising Russia, Brazil, India and China. The information comes from South Africa's Minister of International Relations and Cooperation, Maite Nkoana-Mashabane. Now the organization will be called BRICS and will unite the world’s fast-growing emerging markets, the minister said.
The consumption market of the BRIC countries is the best place for investment, chairman of the British Goldman Sachs` asset management division Jim O`Neill said. He added that spending in Brazil, Russia, India and China may climb by more than $500 billion a year. These countries are likely to outrun the U.S.
With less than a week to go before the G-20 summit in Seoul, the IMF Board of Directors has approved the most radical ever decision to redistribute votes in favour of shaping markets and developing nations.
On Thursday President Jacob Zuma stated that South Africa intends to join the organization of BRIC countries - Brazil, Russia, India and China. This information was reported by the SAPA news agency, which was following President Zuma’s official visit to China. "Our industrial policy is aimed at promoting competitiveness and diversification.
On Tuesday South African President Jacob Zuma, while on a state visit to China, expressed the desire and willingness of his country to join the informal club of four developing nations, namely Brazil, Russia, India and China, known as BRIC.