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Business - São Paulo

São Paulo Moves Forward with Sabesp Privatization Plan

São Paulo's City Council recently greenlit a bill that could lead to the privatization of Sabesp, the city's primary sanitation company. Bill 163 of 2024...

Mercado Libre Channels Major Investment into São Paulo’s Economy

In 2024, Mercado Libre will inject R$ 8 billion ($1.57 billion) into São Paulo, representing 35% of its R$23 billion ($4.51 billion) Brazil-wide investment. This funding targets capital goods and strategic operational expenses, accelerating growth...

São Paulo Booms and Leads Brazil in Farming Exports

In the past 11 months, São Paulo's agribusiness has achieved a remarkable milestone by amassing $25 billion in exports and shown significant resilience and...

São Paulo Experiences Best July Sales Since 2008

FecomercioSP announced that São Paulo's commerce saw its most robust July since 2008. Total revenue...

Tourism’s Big Impact on São Paulo’s Economy and Jobs

New data shows tourism contributes almost 10% to São Paulo's GDP. São Paulo's Legislative Assembly learned this on September...

São Paulo Governor Advances Water Utility Sale

São Paulo's Governor, Tarcisio de Freitas, is moving ahead with privatizing Sabesp, the state's water utility. He's met with 180 of the 357 mayors in...

New business openings in São Paulo hit highest rate since 1998

Brazil's São Paulo state set a new record for business openings in August. Over 30,000 new firms sprang up...

Luxury’s new frontier: São Paulo’s malls magnetize global fashion brands

Leading global brands are showing renewed interest in establishing stores in high-end shopping centers in São Paulo, Brazil's largest...

São Paulo state creates 36,000 new jobs in June testifying to robust growth and investor confidence

In June, São Paulo state, a Brazilian powerhouse with an economy outstripping that of...

São Paulo government explores privatization of hydroelectric power company

The São Paulo government, in collaboration with consultants from Genial Bank, recently held an initial...

Over 30,000 new companies were opened in the State of São Paulo in March

The month of March registered a record number of companies opened in the State of São Paulo. More than 30,000...