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Steady economy and favourable investment opportunities giving rise to stronger Colombian-Hungarian partnerships

Steady economy and favourable investment opportunities giving rise to stronger Colombian-Hungarian partnerships

Great investment opportunities and business prospects lie for Eastern and Central European countries in Colombia, which soon becomes the member of the Organisation for Economic Co-operation and Development (OECD) including the most developed countries all around the world, reports Latimo.hu. As the president of Colombia claimed at a business meeting organised in Hungary, Colombia is the perfect destination for Hungarian entrepreneurs given its favourable conditions and a large number of investment opportunities that can further strengthen the business ties and cooperation between the two countries.

The business meeting to which the representatives of the Hungarian-Latin American Association (LATIMO), including Mr Sándor Balogh, chairman of LATIMO, Mr Tamás Tóth, Secretary General of LATIMO, and Mr Jószef Bethlen, member of the Presidency of the Professional Department, were invited, presented clearly the prospective business opportunities lying in Colombia for Hungarian entrepreneurs. This was the 1st time that the president of Colombia, Mr Juan Manuel Santos, had visited Hungary, and on this occasion, he delivered a speech about the importance of promoting new business partnerships between the two countries.

Latimo - Hungary - Columbia

Photo: Latimo

As he highlighted, the official meeting in Hungary was a conscious political and economic decision on their part since Colombia had not had significant business ties with Central and Eastern European countries so far. This meeting, however, greatly contributed to strengthening the ties between Hungary and Colombia.

Given that Colombia is among the fastest developing Latin American countries, also including Chile, Mexico and Peru, it is an excellent destination for foreign investments.

What makes it an enticing destination for entrepreneurs is the favourable tax conditions and the unique parts of the country that have been undisturbed and impenetrable both for tourists and businesspeople for almost 50 years during the guerrilla warfare. For this reason, there are endless unexploited opportunities in the country waiting for investors.

Latimo - Hungary - Columbia

Photo: Latimo

In addition to this, the number of tourists visiting Colombia also augments year by year thanks to its wonderful geographical position and biodiversity that make it an attractive destination for holidaymakers.

In fact, its steady economic bacgkround with an annual GDP growth also justifies Colombia’s prospective place among the OECD Member countries.

Furthermore, the country’s attitude towards the deepening crisis present in Venezuela, which triggers massive migration to Colombia, is also exemplary since it tries to provide all the necessary assistance and support in the name of brotherhood for those who are forced to leave their country.

All the conditions mentioned above make Colombia an attractive investment destination for foreign entrepreneurs, and as Mr Juan Manuel Santos also pointed out, it would be a huge mistake not to exploit all these fantastic opportunities that the country provides us.

Featured image: Latimo

Source: latimo.hu

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