Mikayil Jabbarov

Azerbaijan, Dagestan mull implementation of economic potential
Business

Azerbaijan, Dagestan mull implementation of economic potential

  • 20 February, 2023
  • 13:44
Azerbaijan eyes increasing share of renewables to 30%
Energy

Azerbaijan eyes increasing share of renewables to 30%

  • 20 February, 2023
  • 11:57
Mikayil Jabbarov: Field survey works have been finalized in Zangilan and Gubadli
Business

Mikayil Jabbarov: Field survey works have been finalized in Zangilan and Gubadli

  • 20 February, 2023
  • 07:14
Mikayil Jabbarov: ‘Regions share 69.7% of the amount of concessional loans’
Business

Mikayil Jabbarov: ‘Regions share 69.7% of the amount of concessional loans’

  • 17 February, 2023
  • 10:40
Mikayil Jabbarov: Over $8.5 million invested in privatized enterprises last year
Business

Mikayil Jabbarov: Over $8.5 million invested in privatized enterprises last year

  • 17 February, 2023
  • 08:09
Azerbaijan, Poland mull prospects of economic cooperation
Business

Azerbaijan, Poland mull prospects of economic cooperation

  • 16 February, 2023
  • 13:27
Azerbaijan Investment Company exploring investment in malted barley provessing
Industry

Azerbaijan Investment Company exploring investment in malted barley provessing

  • 15 February, 2023
  • 12:47
Azerbaijan Investment Company invests $1M in Israeli startup
Business

Azerbaijan Investment Company invests $1M in Israeli startup

  • 15 February, 2023
  • 07:46
Mikayil Jabbarov: SGC strengthens Azerbaijan's position as an important energy supplier to Europe
Energy

Mikayil Jabbarov: SGC strengthens Azerbaijan's position as an important energy supplier to Europe

  • 14 February, 2023
  • 08:32
Mikayil Jabbarov: Last year, over 98% of concessional loans were granted to SMEs
Finance

Mikayil Jabbarov: Last year, over 98% of concessional loans were granted to SMEs

  • 13 February, 2023
  • 07:33
Mikayil Jabbarov: Tax reforms make significant contributions to ensuring transparency
Business

Mikayil Jabbarov: Tax reforms make significant contributions to ensuring transparency

  • 11 February, 2023
  • 07:37
Mikayil Jabbarov: Throughout 2016-2022, more than 570 investment promotion documents were issued
Business

Mikayil Jabbarov: Throughout 2016-2022, more than 570 investment promotion documents were issued

  • 10 February, 2023
  • 11:20
Minister: State support to SMEs should not be limited to preferential loans
Business

Minister: State support to SMEs should not be limited to preferential loans

  • 10 February, 2023
  • 09:53
Mikayil Jabbarov: Economic incentives - main goals of tax policy for upcoming period
Finance

Mikayil Jabbarov: Economic incentives - main goals of tax policy for upcoming period

  • 10 February, 2023
  • 09:29
Mikayil Jabbarov: Steady improvement in state-owned companies brings them closer to privatization
Finance

Mikayil Jabbarov: Steady improvement in state-owned companies brings them closer to privatization

  • 10 February, 2023
  • 09:07
Azerbaijan, WB mull potential investment projects
Finance Photo

Azerbaijan, WB mull potential investment projects

  • 08 February, 2023
  • 12:39
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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.