BISNIS - Uzbekistan Report

23 JUN 95

FM AMEMBASSY TASHKENT


UZBEKISTAN ECONOMIC UPDATE - MAY 1995


** Note: It may be necessary to adjust fonts (choose smallest fonts) or margins to make the enclosed tables more readable.
1.  POST PROVIDES BELOW THE EXCHANGE RATES FOR
    MAY 1995:

SOM/DOLLAR EXCHANGE RATE

DATE     CENTRAL  AMOUNT OF  COMMERCIAL  BLACK
          BANK      AUCTION     BANKS     MARKET

05/02/95   26.5     13.4      26.5-29.1    39.0
05/04/95   26.5     13.6      26.5-29.1    39.0
05/11/95   26.5     14.0      26.5-29.1    38.5
05/16/95   26.5     14.2      26.5-29.1    38.0
05/18/95   26.6     14.5      26.6-29.2    37.5
05/23/95   26.9     14.8      26.9-29.5    37.0
05/25/95   27.3     15.3      27.3-30.0    36.5
05/30/95   27.6     15.2      27.6-30.3    36.0


2.  BELOW ARE THE RESULTS OF POST'S PRICE SURVEY
FOR MAY 1995:

RETAIL PRICES  (IN SOM/KG, UNLESS OTHERWISE NOTED)


4/25/95   5/12/95  5/25/95
MINIMUM WAGE
(SOM/MONTH)         150.0    150.0    150.0

EXCHANGE RATE
(SOM/USD)
-OFFICIAL            26.2     26.5     27.3
-BAZAAR              39.0     38.0     36.5

BEEF                 35.0     40.0     35.0
LAMB                 55.0     55.0     55.0
BREAD (ONE LOAF)      6.0      6.0      6.0
BUTTER               90.0     90.0     90.0
POTATOES             13.0     15.0     13.0
OIL (LITER)          60.0     77.0     60.0
EGGS (ONE)            2.5      2.2      2.0
RICE                 10.0     11.0     11.0
CHICKEN (ONE BIRD)   60.0     60.0     65.0
ONION                 4.0      6.0      6.0
CARROTS               5.0      6.0      7.0
SUGAR                28.0     28.0     25.0
SOAP (ONE PIECE)     11.0     10.0     10.0
FLOUR                13.0     13.3     13.3
GASOLINE (LITER)      9.0      9.0      9.0
PUBLIC TRANSPORTATION
FOR ONE TRIP          2.0      2.0      2.0


3.  THE FOLLOWING ARE SELECTED ECONOMIC STATISTICS
FROM THE GOU'S ANNUAL STATISTICAL REPORT FOR 1995:

BASIC SOCIAL ECONOMIC INDICATORS
(IN ACTUAL COSTS; MILLIONS OF SOM)

------------------------------:--------:--------------
                              : 1994   :1994 AS A PER-
                              :        : CENTAGE OF
                              :        : 1993
------------------------------:--------:---------------
GDP                           :56828.0 : 96.5
PRODUCED NATIONAL INCOME      :44563.3 : 92.6
TOTAL VOLUME OF INDUSTRIAL    :        :
PRODUCTION                    :47355.5 : 101,0/93.1 (X)
INDEX OF WHOLESALE PRICES     :        :
                              :      1 : 11.7 TIMES
(BASE IS 1)
INDEX OF CONSUMER PRICES      :
                              :      1 : 12.2 TIMES
(BASE IS 1)
PRODUCTION OF CONSUMER GOODS  :25937.8 : 97.3
PRODUCTION OF AGRICULTURAL    :        :
GOODS (IN COMPARISON TO 1993  :        :
PRICES)                       : 1930.0 : 96.7
INCLUDING:                    :
                                       :
     CROP PRODUCTION          : 1200.0 : 98.2
     LIVESTOCK PRODUCTION     :  730.0 : 94.5
CAPITAL INVESTMENT(INCLUDING  :        :
ALL FINANCIAL RESOURCES)      :11557.7 : 87
RESIDENTIAL HOUSING CONSTRUC- :        :
TION, THOU. SQ. M.            : 5325.3 : 83
DISPATCH CARGO BY TRANSPORT   :        :
FOR GENERAL USE MLN. TON      :  269.6 : 93.3

(X) - IN NUMERATOR - ACCORDING TO ENTERPRISES'S REPORTS
OF PRODUCTION IN TERMS OF VALUE;
      - IN DENOMINATOR - ACCORDING TO THE DATA BASE OF
MATERIAL PRODUCTION OF BASIC GOODS.

INDUSTRIAL PRODUCTION.

INDICES OF TOTAL VOLUME OF INDUSTRIA
L PRODUCTION IN
BRANCHES (IN COMPARATIVE PRICES; IN PERCENTAGE TO THE
APPROPRIATE PERIOD 1993.)

                   :        :         :         :
                   : OCTOBER: NOVEMBER: DECEMBER: 1994
-------------------:--------:---------:---------:-----
ALL INDUSTRIES     :  99.2  :  103.6  :  116.4  :
                   :        :         :         :
HEAVY INDUSTRY     :  98.4  :  106.6  :  126.2  : 97.6
                   :        :         :         :
FUEL AND ENERGY    :        :         :         :
INDUSTRY           :  94.6  :   97.6  :   98.2  :100.4
      ELECTRICITY   :  87.0  :   86.8  :   92.0  : 96.4
      FUEL ENERGY   :  99.8  :  102.5  :  101.3  :102.4
                   :        :         :         :
METALLURGY INDUSTRY:  88.6  :   80.7  :   95.9  : 89.3
                   :        :         :         :
CHEMICAL AND OIL   :        :         :         :
INDUSTRY           :  90.1  :   98.7  :  121.7  : 77.7
                   :        :         :         :
MACHINE-BUILDING AND        :         :         :
METAL PROCESSING   :        :         :         :
INDUSTRY           :  105.3 :   134.9 :  180.7  :110.3
                   :        :         :         :
FORESTRY, WOOD PRO-:        :         :         :
CESSING PULP AND   :        :         :         :
PAPER INDUSTRY     :  123.5 :   132.5 :  156.5  :101.5
                   :        :         :         :
BUILDING MATERIAL  :        :         :         :
INDUSTRY           :   84.S :    95.4 :  113.8  : 89.6
                   :        :         :         :
LIGHT INDUSTRY     :  102.7 :   106.1 :  116.7  :107.9
                   :        :         :         :
FOOD INDUSTRY      :   96.1 :    95.2 :   95.8  :103.5
                   :        :         :         :
FLOUR-GRINDING AND :        :         :         :
FODDER INDUSTRY    :   92.0 :    92.4 :   71.8  : 97.1

FIRST QUARTER 1995 TRADE (USD MILLION)

EXPORTS              940
IMPORTS              889
NET SURPLUS           51
EXPORTS TO CIS       220

SOURCE: GOSKOMPROGNOZSTAT (STATE COMMITTEE ON
        FORECASTING AND STATISTICS).