Spanish enterprises dynamize Peruvian economy

The Economic and Trade Advisor at the Spanish Embassy in Peru Luis Marti indicated investments by the European country have led to dynamizing the South American country’s economy.

 

“By modernizing and contributing with advantages to the Peruvian consumers, they [investments] dynamize the sectors, where they have been established,” he told El Pais newspaper.

The interview was published in the framework of the official visit the Peruvian President pays to Spain with the aim of strengthening bilateral relations.

According to Marti, the contribution is not only provided by multinational enterprises, which were established during the first investing wave, such as telecommunications corporation Telefonica; financial group BBVA; or energy sector's Endesa.

“Also the small and medium-sized enterprises, which have been founded in recent years, have provided technology, outsourcing services and novelties to the food industry […]. Those have been a key factor for the country […],” he added.

El Pais highlights the foreign capital in Peru has a Spanish name, for the European nation has been the first foreign investor since 1994 by contributing with annual figures, and thus displaying an increase from US$3.6 million (1980) to US$4.491 billion (2014), according to official data.

Likewise, the story highlights a study by the Pacific University aimed at assessing the impact of the said capital on the country.