The conference in Riga revealed the investment potential of Uzbekistan

A conference titled "Invest in Uzbekistan" took place in Riga, focusing on exploring the investment potential of Uzbekistan for Latvian companies.

More than 100 representatives of Latvian companies engaged in business development in Europe and Latvia participated in the event, showing keen interest in the Uzbek market. Conference attendees gained insights into the attractiveness and potential of Uzbekistan's growing market, as well as the advantages of doing business and the favorable conditions created for investors.

The conference aimed to promote the expansion of economic and investment ties in the IT sector of both countries, facilitate knowledge exchange, attract investors for new projects and startups, and additionally draw foreign IT enterprises by offering tax incentives and preferences for development in Uzbekistan.

Special attention at the conference was given to presenting the main directions of socio-economic development in Uzbekistan. The Agency for Investment Promotion of the Republic of Uzbekistan showcased the country's investment potential. The presentation by PricewaterhouseCoopers on the key legal and tax aspects of doing business in Uzbekistan was particularly interesting.

Currently, the export of IT services from Uzbekistan to Latvia amounts to just over 2 million dollars and shows consistent growth with significant potential for substantial expansion. The main area of activity is software development.

Source: outsource.gov.uz