Mikayil Jabbarov

Azerbaijan and EBRD ink loan agreement
Infrastructure Photo

Azerbaijan and EBRD ink loan agreement

  • 01 February, 2024
  • 14:48
Azerbaijan, EBRD mull co-op within COP29
Finance Photo

Azerbaijan, EBRD mull co-op within COP29

  • 01 February, 2024
  • 13:06
Development works are in progress in the Alat Free Economic Zone
Business

Development works are in progress in the Alat Free Economic Zone

  • 01 February, 2024
  • 06:00
Ministry of Economy inks Memorandum of Understanding with Islamic Development Bank
Business

Ministry of Economy inks Memorandum of Understanding with Islamic Development Bank

  • 30 January, 2024
  • 12:55
Cardboard paper manufacturing with investment value of $11.8M being established in Azerbaijan
Industry

Cardboard paper manufacturing with investment value of $11.8M being established in Azerbaijan

  • 30 January, 2024
  • 09:07
Mikayil Jabbarov: 'We wish customs officers new accomplishments'
Business

Mikayil Jabbarov: 'We wish customs officers new accomplishments'

  • 30 January, 2024
  • 07:13
Azerbaijan, WB mull potential directions for cooperation
Finance

Azerbaijan, WB mull potential directions for cooperation

  • 29 January, 2024
  • 11:42
Mikayil Jabbarov: Last year, 3,276 investment projects were financed through concessional loans
Business

Mikayil Jabbarov: Last year, 3,276 investment projects were financed through concessional loans

  • 29 January, 2024
  • 08:36
Mikayil Jabbarov appointed head of working group on development of Alat Free Economic Zone
Infrastructure

Mikayil Jabbarov appointed head of working group on development of Alat Free Economic Zone

  • 27 January, 2024
  • 11:03
Concessional loan of over half a million dollars allocated to label manufacturer in Azerbaijan
Business

Concessional loan of over half a million dollars allocated to label manufacturer in Azerbaijan

  • 25 January, 2024
  • 10:31
Another company becomes resident of Araz Valley Economic Zone
Industry

Another company becomes resident of Araz Valley Economic Zone

  • 25 January, 2024
  • 08:20
Over $30M to be invested in Yevlakh Pilot Agropark
Business

Over $30M to be invested in Yevlakh Pilot Agropark

  • 22 January, 2024
  • 12:40
Economy minister: Over $100,000 concessional loan granted for production of flour products
Industry

Economy minister: Over $100,000 concessional loan granted for production of flour products

  • 22 January, 2024
  • 09:18
Residency granted to 56 business entities in Azerbaijan’s industrial zones
Business

Residency granted to 56 business entities in Azerbaijan’s industrial zones

  • 22 January, 2024
  • 06:40
Azerbaijan’s economy minister shares post on anniversary of January 20 tragedy
Business

Azerbaijan’s economy minister shares post on anniversary of January 20 tragedy

  • 20 January, 2024
  • 06:45
Azerbaijan's minister of economy gives interview to China's CGTN Europe in Davos
Business

Azerbaijan's minister of economy gives interview to China's CGTN Europe in Davos

  • 19 January, 2024
  • 14:57
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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.