Editing Economy of Uzbekistan (section)

==Retail==
Uzbekistan's retail sector remains dominated by traditional markets, known as ''bozorlar'', where individual vendors sell food, housewares, clothing, and other consumer goods. But the country's retail sector is rapidly modernizing.<ref>Nuttal, Clare (28 November 2019) one Intellinews [https://www.intellinews.com/a-new-era-of-expansion-and-competition-in-uzbekistan-s-retail-sector-172449/ A new era of expansion and competition in Uzbekistan's retail sector] {{Webarchive|url=https://web.archive.org/web/20201129040845/https://www.intellinews.com/a-new-era-of-expansion-and-competition-in-uzbekistan-s-retail-sector-172449/ |date=2020-11-29 }}</ref> The construction of modern supermarkets and malls has accelerated in recent years.<ref>Batmangheldj, Esfandyar. (12 September 2019) Eurasian Investor. [https://web.archive.org/web/20201009093950/https://www.eurasianinvestor.com/analysis-articles/2019/9/12/retail-revolution-comes-to-uzbekistan Retail Revolution Comes to Uzbekistan]</ref> The country's retail market was estimated at $17 billion in 2017 and rising incomes, population growth, and a move from informal to formal retail are expected to drive continued expansion of the sector.<ref>Retail: Brief market overview. [https://www.silkcapital.net/en/industries/retail/ Silk Capital] {{Webarchive|url=https://web.archive.org/web/20220706014400/http://www.silkcapital.net/en/industries/retail/ |date=2022-07-06 }} Retrieved on 17 November 2020</ref> Major supermarket chains include local players [[Korzinka.uz]] and [[Makro (Uzbekistan)]] and the French multinational chain [[Carrefour]], which will open its first store in Uzbekistan in 2021.<ref>Radojev, Hugh (30 October 2019) Retail Week. [https://www.retail-week.com/grocery/carrefour-unveils-uzbekistan-expansion-plans/7033341.article?authent=1 Carrefour unveils Uzbekistan expansion plans] {{Webarchive|url=https://web.archive.org/web/20201022205020/https://www.retail-week.com/grocery/carrefour-unveils-uzbekistan-expansion-plans/7033341.article?authent=1 |date=2020-10-22 }}</ref> The country's first modern shopping malls are located in Tashkent, and include the Samarkand Darvoza and Compass developments. The sector has also seen growth in online retail.<ref>Mamatkulov, Mukhammadsharif (30 April 2020) Reuters. [https://uk.reuters.com/article/us-health-coronavirus-uzbekistan-retail/as-pandemic-empties-traditional-uzbek-bazaars-supermarkets-step-in-idUKKBN22C1SU As pandemic empties traditional Uzbek bazaars, supermarkets step in] {{Webarchive|url=https://web.archive.org/web/20200613092155/https://uk.reuters.com/article/us-health-coronavirus-uzbekistan-retail/as-pandemic-empties-traditional-uzbek-bazaars-supermarkets-step-in-idUKKBN22C1SU |date=2020-06-13 }}</ref> In 2021, Korzinka acquired a US$40m stake in Anglesey Food, the Singapore mother entity of Korzinka.<ref>{{Cite web |url=https://kun.uz/en/news/2020/03/06/ebrd-explains-its-decision-to-buy-stake-in-korzinkauz-network |title=EBRD explains its decision to buy stake in Korzinka.uz network |access-date=2022-11-29 |archive-date=2022-11-29 |archive-url=https://web.archive.org/web/20221129111641/https://kun.uz/en/news/2020/03/06/ebrd-explains-its-decision-to-buy-stake-in-korzinkauz-network |url-status=live }}</ref> In 2021, the company also signed a signed $12 million in debt financing to promote food security and sustain the livelihoods of more than 5,000 employees and 1,200 farm workers in Uzbekistan.<ref>{{Cite web |url=https://www.adb.org/news/adb-korzinka-sign-loan-sustain-food-security-and-farmer-livelihoods-uzbekistan |title=ADB, Korzinka Sign Loan to Sustain Food Security and Farmer Livelihoods in Uzbekistan &#124; Asian Development Bank |date=28 December 2021 |access-date=2022-11-29 |archive-date=2022-11-29 |archive-url=https://web.archive.org/web/20221129111840/https://www.adb.org/news/adb-korzinka-sign-loan-sustain-food-security-and-farmer-livelihoods-uzbekistan |url-status=live }}</ref>