Following the newspapers and journals the last weeks, the actual situation at PETROBRAS – one of the largest Brazilian companies – is still getting worse. After the arrest of leading managers of PETROBRAS and major Brazilian building companies (NZZ_15.11.2014), a new article from Alexander Busch describes now the actual situation and new developments. The article – published yesterday (NZZ_21.11.2014) – draws an insightful overview.
As PETROBRAS also has a very strong influence on the BOVESPA (stock index Sao Paulo), the crisis has the potential to damage the Brazilian economy in a very serious way, due to severe side effects. On the other hand one could argue that finally after this coming out, the things can only get better – representing new business opportunities for foreign companies. But this will only happen, when the crisis management will be improved, forced by internal OR even external activities (as we can read in the article).
