Introduction • Risk management definitions, theoretical background

Uzbekistan. Artel is trying to fully occupy the 
domestic market of Uzbekistan. In the early 
years, the company also had to work at a 
loss. Artel's affiliates are not always 
profitable. but the strategic path that Artel
has taken so far is very correct.

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The COVID-19 pandemic has caused significant 
damage to almost all areas of our lives. The 
global economy has slowed, and savings have 
not been in such a severe crisis since 1987.
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In addition, world trade fell by 5%. It is clear that 
repairing the damage caused by the global 
lockdown will take a long time.
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Despite the difficult situation, Artel's export 
potential increased last years

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In particular, in 2020, Artel home appliances 
exports increased by 32%. Artel's share of semi-
automatic washing machines in Kazakhstan and 
Kyrgyzstan reached 50%, and in Tajikistan - 70%
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Artel's share in the market of kitchen tiles in the 
Republic of Kazakhstan has reached 65%.
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Artel exported more than $ 80 million in 2020

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It should be noted that Artel home 
appliances are gaining more and more 
respect in foreign markets every year due to 
their quality and affordability. For example, 
the demand for Artel products in Russia, 
Azerbaijan and Afghanistan is constantly 
growing.

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Conclusion
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In this presentation, I tried to talk about Artel,