Uzbekistan and Greece See Rising Trade Potential Ahead of 2026

Uzbekistan and Greece are positioning 2026 as a breakthrough year for bilateral trade, with officials from both countries highlighting untapped economic opportunities.

During a meeting in Athens, Uzbek Ambassador Abat Faizullaev and Stavros Kafounis, president of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE), stressed that cooperation between the two economies is poised for growth, The Caspian Post reported via Uzbek media.

The talks came as Uzbekistan continues deepening ties with the EU and U.S., supported by planned investments and the opening of a new Greek embassy in Tashkent. Faizullaev called on ESEE to help build stronger communication channels between Greek and Uzbek companies to ensure long-term, sustainable collaboration.

Kafounis noted that current trade volumes, $8.41 mln in Greek exports to Uzbekistan and $7.55 mln in imports in 2024, fall far short of their shared potential. He highlighted Uzbekistan’s expanding investment climate, reforms, and active Greek diaspora as key advantages for future business expansion.

Both sides expressed confidence that the coming years will bring new momentum to trade and investment partnerships across sectors.

Tashkent and Athens highlight untapped investment and trade potential as new embassy opens.

Kursiv Uzbekistan also reports that Uzbekistan’s external debt reached $43.97 bn as of October 1, according to new data from the Ministry of Economy and Finance, marking a quarterly increase of $473 mln.