Mikayil Jabbarov

$259,000 in concessional loan allocated for project aimed at manufacturing biotechnology products
Business

$259,000 in concessional loan allocated for project aimed at manufacturing biotechnology products

  • 26 December, 2022
  • 12:41
Over $147,000 in concessional loan allocated for cultivation of berries in Ismayilli
Business

Over $147,000 in concessional loan allocated for cultivation of berries in Ismayilli

  • 26 December, 2022
  • 10:57
Mikayil Jabbarov: $40M interest subsidy paid to entrepreneurs
Business

Mikayil Jabbarov: $40M interest subsidy paid to entrepreneurs

  • 26 December, 2022
  • 07:26
Minister: 'Azerbaijan-Uzbekistan Investment Fund will strengthen economic cooperation'
Finance Photo

Minister: 'Azerbaijan-Uzbekistan Investment Fund will strengthen economic cooperation'

  • 24 December, 2022
  • 09:58
Mikayil Jabbarov congratulates President of Azerbaijan on his birthday
Finance

Mikayil Jabbarov congratulates President of Azerbaijan on his birthday

  • 24 December, 2022
  • 08:27
Mikayil Jabbarov: Azerbaijan's foreign trade turnover up 63%
Business

Mikayil Jabbarov: Azerbaijan's foreign trade turnover up 63%

  • 23 December, 2022
  • 13:45
Mikayil Jabbarov: Funds allocated to non oil-gas sector rose by 25%
Finance

Mikayil Jabbarov: Funds allocated to non oil-gas sector rose by 25%

  • 23 December, 2022
  • 12:07
Azerbaijan, Serbia mull promotion of mutual investments
Business Photo

Azerbaijan, Serbia mull promotion of mutual investments

  • 21 December, 2022
  • 13:42
Investments in Sumgait Chemical Industrial Park exceed $3.1B
Industry

Investments in Sumgait Chemical Industrial Park exceed $3.1B

  • 21 December, 2022
  • 07:39
Azerbaijan inks MoU with Saudi Development Fund
Business

Azerbaijan inks MoU with Saudi Development Fund

  • 19 December, 2022
  • 14:24
Azerbaijan mulls expansion of economic co-op with Saudi Arabia
Business Photo

Azerbaijan mulls expansion of economic co-op with Saudi Arabia

  • 19 December, 2022
  • 14:18
Minister reveals amount of concessional loans allocated for financing entrepreneurship projects
Business Photo

Minister reveals amount of concessional loans allocated for financing entrepreneurship projects

  • 19 December, 2022
  • 13:11
Jabbarov: 2022 remembered for positive trends towards diversification of Azerbaijani economy
Finance

Jabbarov: 2022 remembered for positive trends towards diversification of Azerbaijani economy

  • 19 December, 2022
  • 07:40
Azerbaijan’s economy minister: Tax revenues to state budget near $9 billion 
Finance

Azerbaijan’s economy minister: Tax revenues to state budget near $9 billion 

  • 16 December, 2022
  • 10:53
$292K allocated in concessional loan for manufacturing of plant protection products
Business

$292K allocated in concessional loan for manufacturing of plant protection products

  • 14 December, 2022
  • 08:22
Baku hosting meeting of Azerbaijan-Switzerland Joint Commission 
Business Photo

Baku hosting meeting of Azerbaijan-Switzerland Joint Commission 

  • 13 December, 2022
  • 14:00
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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.