“There is high demand for housing from Russians in Uzbekistan: 30% increase comparing to 2021 figures, — says Andrei Safronyuk, the General Director of Orient Group.

On October 1, the Embassy of the Republic of Uzbekistan in Berlin hosted the international forum and debut of the second episode of “O’zbekistonlik” film, narrating about the Uzbekistanis, who achieved success abroad.

Reforms implemented by the President, Shavkat Mirziyoyev, promoted the development of the industry in the most populated country of the Central Asia. Will Uzbekistan be able to create globally competitive production facilities, providing employment and welfare for millions of fellow citizens, working abroad?

The largest transactions and the most expensive assets that are sold in virtual worlds.

“Profile” interviewed a wide range of investors and discovered what risks should be avoided on the financial market and what assets are still attractive even in the current conditions.

Speaking with the experts on the countries, where the demand for real estate from Russians has grown for the last few weeks.

Andrei Safronyuk, the General Director of Orient Group, on the real estate market in Uzbekistan, buying housing, price level and investment opportunities for foreigners.

The ongoing increase of real estate prices in the country and decreasing profit margins fail to attract the Russian real estate investors, but the demand for foreign real estate has shown unprecedented surge and keeps on growing. 

The key step in implementing initiative for adoption of grade-based employee remuneration system was training for Orient Group employees on basics of job evaluation using Korn Ferry Hay Guide Chart method. 

Uzbekistan's Orient Logistics company, which is part of one of the largest diversified holdings of Uzbekistan, Orient Group Management, is potentially considering cooperation with the ports of Azerbaijan to establish transmodal transportation.

Orient Group is one of the three biggest companies in Uzbekistan with a 20-year track record in a wide variety of industries and sectors and now the holding is getting ready to take its business to the next level.

Uzbekistan has issued a fresh call to foreign investors, pledging to remain open for business and promising to press on with ambitious reforms, including the digitalisation of the economy, privatisation and improvement of the investment climate. 

Within the framework of "Masofada" programme, representatives of the industry spoke about the development of the industry, the features of imported equipment, the supply of raw materials and the process of producing yarn. 

 The COVID-19 pandemix hit the world economy, reduced the incomes of the population, negatively affected retail trade and the services sector. However, a number of sectors, on the contrary, got advantage and showed an increase in profit, smartly adapting to changing external conditions.

Yarn producing companies, Bakan Tex and FT Textile Group, took part in Cairo Fashion&Tex 2022. Agreements with new partners have been concluded.

Orient Group, together with Uzbekistan Temir Yullari and Uztemiryulkonteiner are implementing projects that will increase the transit potential of Uzbekistan.

Tashkent hosted a presentation of new promising projects of theORIENT Group of companies: an application from supermarket chain Makro, the large new Riviera shopping mall Riviera, the construction of Tramway Depot, and online radio The Beat, which will broadcast nine different genres of music.

Orient Group presented the investment potential of commercial real estate in Uzbekistan at the MAPIC international exhibition, held on 13-16 November in Cannes.