Boom town.Banco Nacional Banco Nacional was a bank from Brazil. It was taken over by Unibanco in 1995. The Nacional brand is better known as main sponsor of Ayrton Senna during most of his racing career in Formula 1 (1985-1994). de Desenvolvimento Economico e Social (BNDES BNDES Banco Nacional de Desenvolvimento Econômico e Social (Brazilian Development Bank) BNDES Banco Nacional de Desenvolvimento Econômico e Social (Brasil) ), Brazil's state-owned development bank, is doling out millions of dollars in new projects to support economic development as the Brazilian economy continues to boom. It approved a US$94 million financing package to Companhia de Eletricidade do Estado da Bahia, a power company. It also approved a $49.3 million loan for Companhia Brasileira Offshore, a Brazilian shipping company, to build three ships designed to support deepwater oil activities off Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r state. To develop industrial activities in the states of Sao Paulo, Pernambuco Pernambuco (pərnəmb `k), state (1991 pop. 7,127,855), 37,946 sq mi (98,280 sq km), NE Brazil, on the Atlantic Ocean. and Espirito Santo, BNDES gave $24.5 million to White Martins, a gas company controlled by Praxair of the United States. [ILLUSTRATION OMITTED] |
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