OREANDA-NEWS Minister of Foreign Affairs and Trade Péter Szijjártó has reopened the Hungarian Embassy in Lima, which was closed in 2006.

In a statement to Hungarian news agency MTI from the Peruvian capital, Mr. Szijjártó highlighted the fact that Latina America has become one of the world’s most rapidly developing regions, within which Peru is also realising a rapid rate of economic growth.

In addition, the Peruvian economy has many similarities to the Hungarian economy, he added, explaining that both are extremely open, both governments’ economic policies regard free trade as an important goal, and both economies are at a stage of dimensional transition in which research & development, innovation and sectors and activities based on high added value are taking over the leading role.