Mikayil Jabbarov

Azerbaijan reviews priorities of bilateral co-op with World Bank
Finance

Azerbaijan reviews priorities of bilateral co-op with World Bank

  • 07 March, 2024
  • 07:08
Over $100,000 allocated in concessional loan to development of tourism in Gabala
Business

Over $100,000 allocated in concessional loan to development of tourism in Gabala

  • 06 March, 2024
  • 12:58
Fiber-reinforced concrete and polystyrene concrete blocks to be produced in Azerbaijan
Industry

Fiber-reinforced concrete and polystyrene concrete blocks to be produced in Azerbaijan

  • 06 March, 2024
  • 10:43
Investments in Azerbaijan’s regions grow by 25%
Finance

Investments in Azerbaijan’s regions grow by 25%

  • 06 March, 2024
  • 06:44
Number of labor contracts in Azerbaijan reaches  almost 26,000, Economy Minister says
Business

Number of labor contracts in Azerbaijan reaches almost 26,000, Economy Minister says

  • 05 March, 2024
  • 08:44
Nearly $9M to be invested in quicklime and perlite production in Aghdam
Industry

Nearly $9M to be invested in quicklime and perlite production in Aghdam

  • 04 March, 2024
  • 10:23
Production output in Azerbaijan’s regions increases by nearly 6%
Business

Production output in Azerbaijan’s regions increases by nearly 6%

  • 04 March, 2024
  • 07:46
Prime Minister of Albania Edi Rama completes working visit to Azerbaijan
Foreign policy

Prime Minister of Albania Edi Rama completes working visit to Azerbaijan

  • 01 March, 2024
  • 15:43
Azerbaijan, Albania ink agreement on economic co-op
Business Photo

Azerbaijan, Albania ink agreement on economic co-op

  • 01 March, 2024
  • 11:51
Azerbaijan explores investment opportunities in ‘green energy’ with UAE
Energy

Azerbaijan explores investment opportunities in ‘green energy’ with UAE

  • 01 March, 2024
  • 09:51
Azerbaijan, Saudi ACWA Power discuss progress of wind farm project
Energy

Azerbaijan, Saudi ACWA Power discuss progress of wind farm project

  • 29 February, 2024
  • 12:53
Azerbaijan mulls co-op in transport sector with Chinese company
Infrastructure Photo

Azerbaijan mulls co-op in transport sector with Chinese company

  • 28 February, 2024
  • 15:32
Azerbaijan and Saudi Arabia mull strengthening economic partnership
Business Photo

Azerbaijan and Saudi Arabia mull strengthening economic partnership

  • 28 February, 2024
  • 11:40
Preferential loan allocated for dairy farming project in Azerbaijan
AIC

Preferential loan allocated for dairy farming project in Azerbaijan

  • 27 February, 2024
  • 12:46
German investors invited to invest in Azerbaijan
Business

German investors invited to invest in Azerbaijan

  • 27 February, 2024
  • 10:02
Mikayil Jabbarov: Khojaly genocide stands as one of most heinous crimes in human history
Business

Mikayil Jabbarov: Khojaly genocide stands as one of most heinous crimes in human history

  • 26 February, 2024
  • 06:25
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Mikayil Jabbarov: Biography, Career, and Government Leadership

Mikayil Jabbarov (Azerbaijani: Mikayıl Çingiz oğlu Cabbarov) is an influential Azerbaijani statesman, legal scholar, and economist serving as the Minister of Economy of the Republic of Azerbaijan since October 2019. Guiding the nation's financial, tax, and industrial policy frameworks, Jabbarov plays a central role in driving economic diversification away from hydrocarbon dependence, attracting strategic foreign direct investment, reforming state-owned enterprises, and managing the economic integration and development of liberated territories.

1. Education and Professional Background

Academic Foundations: Born on September 19, 1976, in Baku, Jabbarov graduated with honors from the Faculty of International Law at Baku State University in 1997.

International Post-Graduate Degrees: In 2004, he earned a Master’s degree in Economics from the University of Toronto in Canada. He has also completed executive education programs in corporate governance and international finance, building a multidisciplinary background in law, economics, and business administration.

2. Banking Sector and Corporate Governance

Financial Sector Experience: In the late 1990s and early 2000s, Jabbarov held senior executive positions within Azerbaijan's banking and investment sector, focusing on corporate restructuring, capital markets, and financial asset management.

Public Service Transition: He later served as Deputy Minister of Economic Development (2002–2003) and led the Administration of the Icherisheher State Historical-Architectural Reserve under the Cabinet of Ministers (2009–2013), overseeing major restoration and urban heritage projects in Baku.

3. Education and Tax Administration Reforms (2013–2019)

Minister of Education (2013–2017): Appointed Minister of Education in April 2013, Jabbarov spearheaded systemic structural reforms aimed at curbing corruption, digitalizing teacher recruitment processes, modernizing curriculum standards, and renovating educational infrastructure nationwide.

Minister of Taxes (2017–2019): As Minister of Taxes, he initiated a comprehensive transformation of Azerbaijan's tax administration. His reforms significantly curbed the shadow economy, expanded the formal tax base, introduced client-centric digital tax portals, and fostered a more transparent ecosystem for small and medium enterprises (SMEs).

4. Leadership at the Ministry of Economy (2019–Present)

Ministerial Appointment: On October 22, 2019, Jabbarov was appointed Minister of Economy of the Republic of Azerbaijan. His portfolio expanded substantially following structural reforms that consolidated the State Tax Service, the State Service for Property Issues, and the Anti-Monopoly and Consumer Market Control Service under the umbrella of the Ministry of Economy.

Economic Diversification and Non-Oil Growth: Under his leadership, the ministry prioritizes expanding non-oil exports, promoting public-private partnerships (PPP), developing high-tech industrial parks (such as Sumgayit Chemical Industrial Park), and accelerating industrial digitalization.

Reconstruction of Karabakh: Jabbarov directly manages economic planning, investment incentives, and industrial zone creation (including the Aghdam and Araz Valley Economic Zone industrial parks) across the Karabakh and East Zangezur Economic Regions to catalyze long-term socio-economic growth.