Benefiting from the federal capital position it had for a long period (1763–1960), the city became a dynamic administrative, financial, commercial and cultural center. Rio de Janeiro became an attractive place for companies to locate when it was the capital of Brazil, as important sectors of society and of the government were present in the city. The city was chosen as headquarters for state-owned companies such as Petrobras, Eletrobras, Caixa Econômica Federal, National Economic and Social Development Bank and Vale (which was privatized in the 1990s). The Rio de Janeiro Stock Exchange (BVRJ), which currently trades only government securities, was the first stock exchange founded in Brazil in 1845.
Benefiting from the federal capital position it had for a long period (1763–1960) the city became a dynamic administrative financial commercial and cultural center Rio de Janeiro became an attractive place for companies to locate when it was the capital of Brazil as important sectors of society and of the government were present in the city The city was chosen as headquarters for state-owned companies such as Petrobras Eletrobras Caixa Econômica Federal National Economic and Social Development Bank and Vale (which was privatized in the 1990s) The Rio de Janeiro Stock Exchange (BVRJ) which currently trades only government securities was the first stock exchange founded in Brazil in 1845