Mikayil Jabbarov

Minister of Economy: Azerbaijan aims to join group of high-income countries
Business

Minister of Economy: Azerbaijan aims to join group of high-income countries

  • 15 November, 2023
  • 07:53
Mikayil Jabbarov: 350,000 new jobs created in non-oil and gas sector since 2019
Business

Mikayil Jabbarov: 350,000 new jobs created in non-oil and gas sector since 2019

  • 15 November, 2023
  • 07:15
Azerbaijan to submit new report on SDG to UN
Business

Azerbaijan to submit new report on SDG to UN

  • 15 November, 2023
  • 06:57
Potential areas for strengthening partnership between Azerbaijan and Uzbekistan revealed
Business Photo

Potential areas for strengthening partnership between Azerbaijan and Uzbekistan revealed

  • 14 November, 2023
  • 15:41
Azerbaijan, Uzbekistan discuss promoting cooperation in industrial sector
Industry Photo

Azerbaijan, Uzbekistan discuss promoting cooperation in industrial sector

  • 14 November, 2023
  • 13:00
Azerbaijan mulls transportation of electricity from Central Asia
Energy Photo

Azerbaijan mulls transportation of electricity from Central Asia

  • 14 November, 2023
  • 12:39
Investment Holding's companies make operating profit of nearly $9B in 2022
Finance

Investment Holding's companies make operating profit of nearly $9B in 2022

  • 13 November, 2023
  • 09:07
Mikayil Jabbarov: Anti-inflationary measures have gradually slowed down price rise
Finance

Mikayil Jabbarov: Anti-inflationary measures have gradually slowed down price rise

  • 13 November, 2023
  • 09:02
Azerbaijan to determine directions as part of strategic projects in non-oil and gas sector
Business

Azerbaijan to determine directions as part of strategic projects in non-oil and gas sector

  • 13 November, 2023
  • 08:57
Mikayil Jabbarov shares post on State Flag Day 
Business

Mikayil Jabbarov shares post on State Flag Day 

  • 09 November, 2023
  • 05:32
Nearly $150,000 concessional loan allocated to Govlar Yem LLC in Tovuz
AIC

Nearly $150,000 concessional loan allocated to Govlar Yem LLC in Tovuz

  • 07 November, 2023
  • 09:33
Azerbaijan sees 4% increase in tax revenues
Finance

Azerbaijan sees 4% increase in tax revenues

  • 07 November, 2023
  • 07:30
SOCAR, Tatneft mull opportunities for setting up joint production
Energy Photo

SOCAR, Tatneft mull opportunities for setting up joint production

  • 03 November, 2023
  • 11:40
Minister: Average annual inflation in Azerbaijan will be 9.5%
Finance

Minister: Average annual inflation in Azerbaijan will be 9.5%

  • 02 November, 2023
  • 09:27
Mikayil Jabbarov: Marketable gas production is expected to peak in 2025
Energy

Mikayil Jabbarov: Marketable gas production is expected to peak in 2025

  • 02 November, 2023
  • 09:25
Mikayil Jabbarov: Azerbaijan's draft budget discussed amid complex global conditions
Finance

Mikayil Jabbarov: Azerbaijan's draft budget discussed amid complex global conditions

  • 02 November, 2023
  • 08:54
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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.