Rio Rent Retreats as Petrobras Faces Pitfalls

Post on September 6, 2013, 2:00 pm by the-victoria-law-group 0 Comments

I’m not sure that Rio would be considered a bargain these days, but if you’re looking for a place to rent, you have a pretty good chance of finding one.  Rental prices in Rio de Janeiro fell last month for the first time in more than three years as Brazil’s economy struggles to gain steam and state-run oil company Petroleo Brasileiro SA cuts costs.  Petrobras, and the Oil and Gas industry, is one of the main employers in Rio.

Read Joshua Goodman’s Bloomberg article here:

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Filed Under: Business in Brazil

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