Monday, September 27, 2010

"We are today the United States of the 1950s"

Eikie Batista
Eikie Batista: Brazil's Richest Man

Batista, the best-known entrepreneur in Brazil, has been one of the men to profit most from Brazil's recent take-off and the growing levels of foreign investment. He has attracted billions of dollars of foreign investment to his mining and infrastructure companies and is looking to sell interests in several offshore oilfields for more than $7bn.

"We are today the United States of the 1950s," he said. Asked what his message to European businesses would be, he replied: "Come! It's the time to make your bets on a country with 200 million consumers [and] with the perfect demographics for the next 10 years. This oil story is a 30-year growth story."

Read the full story of Lula hails Brazil's oil-fuelled '30-year boom'

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