Venezuela: German entrepreneurs bet on business boom
Key takeaways
- Venezuela was once a key destination for German industry.
- "I'm certain that we'll do very good business over the next five years," the 59-year-old Caracas-born entreprenur predicts.
- Venezuela has been changing rapidly since United States special forces abductedVenezuelan President Nicolas Maduro on January 3.
Why this matters: an international story with cross-border implications worth tracking.
Venezuela was once a key destination for German industry. However, after nearly 30 years of socialism, only a handful of German companies remain active there. That could change if the nation opens up to foreign firms.
https://p.dw.com/p/5Cx1i Young Venezuelans in Caracas hope for a brighter future under the new administration after the United States ousted President Nicolas Maduro Image: Jonathan Lanza/Nur Photo/picture alliance Advertisement"We've been preparing for exactly this moment," German-Venezuelan businessman Thilo Schmitz tells DW.
"I'm certain that we'll do very good business over the next five years," the 59-year-old Caracas-born entreprenur predicts. By "this moment" he means the Venezuela's reopening after years of decline.