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Tag: Rio budget

By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Last week, Supreme Court (STF) Justice Cármen Lúcia Antunes Rocha suspended the new royalties distribution law that imposes a more equitable division of oil-generated revenue between Brazil’s 26 states...
By Hakan Almerfors, Contributing Reporter RIO DE JANEIRO - With the current exchange rate Rio de Janeiro is in no way a particularly cheap city. In less than five years the prices have gone up almost 50 percent against the...

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