Mikayil Jabbarov

Azerbaijan, Türkiye mull further expansion of economic cooperation portfolio
Finance

Azerbaijan, Türkiye mull further expansion of economic cooperation portfolio

  • 21 December, 2023
  • 13:34
Mikayil Jabbarov: Azerbaijan - country with significant capital
Business

Mikayil Jabbarov: Azerbaijan - country with significant capital

  • 21 December, 2023
  • 11:34
Minister: Azerbaijan's geographical location creates good opportunities for investment in logistics
Infrastructure

Minister: Azerbaijan's geographical location creates good opportunities for investment in logistics

  • 21 December, 2023
  • 09:51
Mikayil Jabbarov: Every year, 70,000 new jobs are created in non-oil and gas sector
Business

Mikayil Jabbarov: Every year, 70,000 new jobs are created in non-oil and gas sector

  • 21 December, 2023
  • 09:40
Minister: Turkish companies actively involved in restoration of liberated territories
Business

Minister: Turkish companies actively involved in restoration of liberated territories

  • 21 December, 2023
  • 08:25
Kars-Nakhchivan railway may become new branch of Middle Corridor
Infrastructure

Kars-Nakhchivan railway may become new branch of Middle Corridor

  • 21 December, 2023
  • 08:12
Azerbaijan to restore five small HPPs in liberated areas with Türkiye
Energy

Azerbaijan to restore five small HPPs in liberated areas with Türkiye

  • 21 December, 2023
  • 07:03
Azerbaijan invested nearly $20B in Turkish economy 
Business

Azerbaijan invested nearly $20B in Turkish economy 

  • 21 December, 2023
  • 07:01
Baku hosting Azerbaijan-Türkiye Investment Forum
Business Photo

Baku hosting Azerbaijan-Türkiye Investment Forum

  • 21 December, 2023
  • 06:25
Azerbaijan, Kazakhstan, Uzbekistan adopt Joint Communiqué
Infrastructure

Azerbaijan, Kazakhstan, Uzbekistan adopt Joint Communiqué

  • 15 December, 2023
  • 16:59
Several documents signed between Azerbaijan, UAE
Foreign policy Photo

Several documents signed between Azerbaijan, UAE

  • 15 December, 2023
  • 13:03
President Ilham Aliyev receives UAE Minister of Investment
Domestic policy Photo

President Ilham Aliyev receives UAE Minister of Investment

  • 15 December, 2023
  • 12:46
Azerbaijan wants to expand activities with EBRD in 2 directions
Finance Photo

Azerbaijan wants to expand activities with EBRD in 2 directions

  • 13 December, 2023
  • 08:13
Baku to host Azerbaijan-Türkiye Investment Forum
Business

Baku to host Azerbaijan-Türkiye Investment Forum

  • 13 December, 2023
  • 07:03
Mikayil Jabbarov: ‘Heydar Aliyev’s eternal love for the Motherland serves as an exemplary legacy for each of us’
Infrastructure

Mikayil Jabbarov: ‘Heydar Aliyev’s eternal love for the Motherland serves as an exemplary legacy for each of us’

  • 12 December, 2023
  • 05:20
Azerbaijan allocates more than half a million dollars in concessional loan for corrugated fiberboard boxes production
Business

Azerbaijan allocates more than half a million dollars in concessional loan for corrugated fiberboard boxes production

  • 11 December, 2023
  • 10:31
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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.