Despite the liberalisation of the exchange policy, which led to the significant devaluation of the national currency, the prices of imported grocery and non-grocery products did not increase substantially. This was because the majority of trading of imported products was initially handled at black-market exchange rates, exceeding the official exchange rate of the US dollar.
Most consumers in Uzbekistan shop at traditional markets for groceries, apparel and electronics. This is mainly due to the wide assortment of different quality products and the opportunity to bargain.
The new president re-established and developed the medical sector in the country. The pharmaceutical industry was developed, and there was wider availability of affordable, quality medicines and medical products for consumers and medical institutions.
Artel, a national producer of electronics and appliances, became increasingly popular by producing modern and good-quality electronics in Uzbekistan. The company signed a contract with Samsung, and it produces some of the Korean company’s brands in its factory.
Dori-Darmon owns the largest network of chemists/pharmacies in the country, with outlets in almost every part of Uzbekistan. The number of pharmacies under the Dori-Darmon brand reached almost 1,400 in 2017.
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This report originates from Passport, our Non-Grocery Retailers research and analysis database.
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