A second Brazilian Movie Festival will be featured in Grenada this year. The series of free movies would be aired from 15th June to 20th July (Saturdays) at the Movie Palace Excel Plaza from 4:30 pm.
The first ever Brazilian Movie Festival was aired last year June. The idea of the Movie Festival, according to Brazilian Ambassador Ricardo Andre Vieira Diniz, is aimed at cementing political and moreso economic ties between Brasilia and St. George’s through the exposure of aspects of Brazilian lifestyles and culture to the Grenadian people, and particularly the business community. Brazil has been having growing economic and political influence in Grenada and the region over the last few years, and the South American country is emerging as an economic world power; only about two years ago it had overtaken the UK as the sixth most powerful world economy. The idea of the Movie Festival is an initiative of the Brazilian Embassy in Grenada. Brazil, officially the Federative Republic of Brazil, is the largest country in both South America and the Latin American region. It is the world’s fifth largest country, both by geographical area and by population, with over 196.7 million people according to 2011 World Bank report. Dilma Vana Rousseff has been the President of Brazil since 1 January 2011. She is the first woman to hold the office and was previously the Chief of Staff to President Luiz Inácio Lula da Silva from 2005 to 2010.
Brazil’s economy is the world’s sixth largest by nominal GDP. Brazil has moderately free markets and an inward-oriented economy. Its economy is the largest in Latin American nations and the second largest in the western hemisphere. Brazil is one of the fastest-growing major economies in the world with an average annual GDP growth rate of over 5 percent. In Brazilian reals, its GDP was estimated at R$4.403 trillion in 2013 ($2.223 trillion USD). The Brazilian economy has been predicted to become one of the five largest economies in the world in the decades to come. Brazil is a member of diverse economic organizations, such as Mercosur, Unasul, G8+5, G20, WTO, and the Cairns Group. Its trade partners number in the hundreds, with 60 percent of exports mostly of manufactured or semi-manufactured goods. Brazil’s main trade partners in 2008 were: Mercosul and Latin America (25.9 percent of trade), EU (23.4 percent), Asia (18.9 percent), the United States (14.0 percent), and others (17.8 percent).
According to the World Economic Forum, Brazil was the top country in upward evolution of competitiveness in 2009, gaining eight positions among other countries, overcoming Russia for the first time, and partially closing the competitiveness gap with India and China among the BRIC economies. The owner of a sophisticated technological sector, Brazil develops projects that range from submarines to aircraft and is involved in space research: the country possesses a satellite launching center and was the only country in the Southern Hemisphere to integrate the team responsible for the construction of the International Space Station (ISS). It is also a pioneer in many fields, including ethanol production.
Brazil, together with Mexico, has been at the forefront of the Latin American multinationals phenomenon by which, thanks to superior technology and organization, local Companies have successfully turned global. These multinationals have made this transition notably by investing massively abroad, in the region and beyond, and thus realizing an increasing portion of their revenues internationally. Brazil is also a pioneer in the fields of deep-water oil research from where 73 percent of its reserves are extracted. According to government statistics, Brazil was the first capitalist country to bring together the ten largest car Assembly Companies inside its national territory. The annual Brasil Investment Summit takes place in São Paulo and is the largest gathering in Brazil of international investment experts covering opportunities in alternative vehicles, infrastructure, and advanced trading strategies.
The general public is invited to view the free movies at the Movie Palace Excel Plaza every Saturday at 4.30 p.m from 15th June to 20th July. Highlights of each movie would be features in the Grenada Informer newspaper each weekend on the day prior to the showing.