Korzinka: Building Uzbekistan's Retail Future

Korzinka: Building Uzbekistan's Retail Future

This episode examines Korzinka, Uzbekistan's largest modern retailer, through their 2024 annual report. We explore how this company has grown from 50 to 152 stores since 2019, achieving UZS 9.4 trillion in revenue while transforming Central Asian consumer habits.

Key topics include their omni-channel strategy spanning supermarkets, Mahalla proximity stores, and Korzinka Go online delivery; their ambitious plan to reach 1,000 stores by 2030; international investment from sovereign wealth funds; and their role in Uzbekistan's economic modernization. We analyze their "First Price" everyday low pricing strategy, sustainability initiatives including Central Asia's first Green Building certified distribution center, and governance structures meeting international standards.

The discussion covers competitive dynamics with traditional bazaars, emerging regional players, and the broader implications for retail development in post-Soviet Central Asia. We examine whether rapid expansion can be sustained while maintaining operational quality, and what Korzinka's success reveals about changing consumer behavior and economic liberalization in the region.

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Avsnitt(17)

Freedom Holding Corp.: From Trading Desk to Digital Nation

Freedom Holding Corp.: From Trading Desk to Digital Nation

In this episode, we analyze Freedom Holding Corp.'s FY2026 results, drawn from the company's 10-K Corporate Presentation filed with the U.S. Securities and Exchange Commission on June 1, 2026, and wha...

20 Juni 17min

Tengizchevroil: Inside Kazakhstan's $214 Billion Oil Partnership

Tengizchevroil: Inside Kazakhstan's $214 Billion Oil Partnership

In this episode we deconstruct the economic architecture of an asset that has funneled over $214 billion in direct state payments since 1993. We move past corporate press releases to examine the opera...

23 Maj 10min

Capital Markets in Kazakhstan: The AIFC Architecture and the 2029 Growth Strategy

Capital Markets in Kazakhstan: The AIFC Architecture and the 2029 Growth Strategy

Most investors view Central Asia through the lens of commodities and volatility. In 2026, Kazakhstan is rewriting that script. It isn't just selling oil and uranium anymore; it is selling institutiona...

2 Maj 19min

Kaspi.kz: 2025 Record Results, The Türkiye Playbook

Kaspi.kz: 2025 Record Results, The Türkiye Playbook

For years, Kaspi.kz was Kazakhstan's most dominant consumer platform. In 2025, it became something larger — a two-country super app with record results and a regional playbook to prove.In this episode...

18 Apr 15min

Frontier AI: The Kazakhstan Case

Frontier AI: The Kazakhstan Case

For decades, Kazakhstan's AI ambitions lived in policy documents. Today, they are backed by ministerial mandates, institutional capital, and a measurable startup ecosystem.In this episode of Deep Dive...

13 Mars 19min

Salem, Silicon Valley: The Rise of Kazakhstan’s Global AI Builders

Salem, Silicon Valley: The Rise of Kazakhstan’s Global AI Builders

In this episode of Deep Dive Central Asia, we analyze Salem, Valley: Kazakh Startups in Silicon Valley (documentary film, 2024) by nFactorial Originals and what it signals for investors. The episode f...

5 Jan 16min

Kazakhstan's Investor Guide

Kazakhstan's Investor Guide

This episode examines Kazakhstan's 2024 investment landscape through the official Investor's Guide published by the Republic of Kazakhstan. We analyze how Central Asia's largest economy is leveraging ...

9 Dec 202510min

A New Chapter in Uzbekistan - U.S. Economic Collaboration

A New Chapter in Uzbekistan - U.S. Economic Collaboration

This episode explores how His Excellency President Mirziyoyev's September 2025 visit to the United States became a landmark moment for Uzbekistan's economic transformation — resulting in a $105 billio...

1 Nov 202516min

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