Brazil Daily

A horrendous 2020 for Brazil’s state-owned firms

Good morning! Today, government companies posted dreadful results in 2020. Threat of a truckers’ strike looms once again. Friendly with Bolsonaro, prosecutor general gets another two years. Another avenue toward impeachment?

State-owned firms hemorrhaged money during pandemic year

government firms March 2020: Empty check-in area in São Paulo's Guarulhos Airport. Photo: Arthur Matsuo/Shutterstock
March 2020: Empty check-in area in São Paulo’s Guarulhos Airport. Photo: Arthur Matsuo/Shutterstock

Brazil’s 46 federally-controlled companies combined for profits of BRL 60.6 billion (USD 51.4...

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