The production of spare parts in Austria is effectively established. Uzbekistan can therefore become an important market for Austrian companies.
“Dunyo” reports that the Austrian newspaper “Die Presse” published an article about Uzbekistan’s economic potential.
It should be noted that Austrian companies that want to establish themselves in new markets usually start their activities by exporting products. If the market is promising, then companies will open their shopping centers. After some time, they can create their own production in the new country.
“Various models of Chevrolet cars are very common in Uzbekistan. A company based in Detroit, Michigan has production facilities in Uzbekistan. The General Motors plant in Asak invites suppliers of spare parts for the production of cars. The production of spare parts in Austria is Therefore, Uzbekistan can become an important market for Austrian company,” the material reads.
“Volker Berger, a representative of the Austrian company Starlinger, which has been supplying packaging equipment to Uzbekistan for almost 20 years, noted that the republic is the country with the largest population in Central Asia, and most of them are young people,” he said. wrote: “The interest in Uzbekistan, which has huge economic potential, is increasing every day. If Austrian companies want to be active in the Uzbekistan market, they should study the customs and traditions of the country.”
The article also reported that Uzbekistan’s real economic growth over the past three years was 5.5-7.4 percent, and in 2023, Austrian companies exported products worth 131.8 million euros to the republic’s market.
