Ministry of Economy (Azerbaijan) explained

Agency Name:Ministry of Economy of Azerbaijan Republic
Nativename:Azərbaycan Respublikası İqtisadiyyat Nazirliyi
Seal:Coat of arms of Azerbaijan.svg
Formed:April 30, 2001
Jurisdiction:Government of Azerbaijan
Headquarters:23 Niyazi Street, Baku, Azerbaijan Republic AZ1066
Chief1 Name:Mikayil Jabbarov https://www.economy.gov.az/en/article/top-executives/21257
Chief1 Position:Minister of Economy
Chief2 Name:Elnur Aliyev
Chief2 Position:First Deputy Minister
Website:www.economy.gov.az
Chief5 Name:Samad Bashirli
Chief5 Position:Deputy Minister
Chief6 Name:Sahib Alakbarov
Chief6 Position:Deputy Minister
Chief7 Name:Sahib Mammadov
Chief7 Position:Deputy Minister
Chief8 Name:Rovnag Abdullayev
Chief8 Position:Deputy Minister
Chief9 Name:Anar Akhundov
Chief9 Position:Deputy Minister

The Ministry of Economy of Azerbaijan Republic (Azerbaijani: Azərbaycan Respublikası İqtisadiyyat Nazirliyi) is the central executive body responsible for implementing state policy and regulation of the economy in Azerbaijan.

History

In 1918–1920, the first Ministry of Commerce and Industry of independent Azerbaijan carried out its functions within  the government of Azerbaijan Democratic Republic.

In the Soviet Socialist Republic of Azerbaijan, which was a part of the USSR in 1920–1991, economic issues were regulated by such committees as the Ministry of Commerce, Industry and Food, the Ministry of Trade and Industry, and the State Planning Committee of the USSR.

April 30, 2001 - State Property Ministry, Ministry of Economy, Ministry of Trade, State Committee for Antimonopoly Policy and Support of Entrepreneurship and Foreign Investments Agency were abolished and the Ministry of Economic Development was established on the basis of these bodies according to the Decree of the President of Azerbaijan Republic.[1]

October 22, 2013 - The Ministry of Economy and Industry was established on the basis of the Ministry of Economic Development in accordance with the Order of the President of Azerbaijan Republic.[2]

January 15, 2016 - The Ministry of Economy of Azerbaijan was established on the basis of the Ministry of Economy and Industry in accordance with the Order of the President of Republic.[3]

October 23, 2019 – New structure of the Ministry was approved by Decree of the President of Azerbaijan.[4] [5]

Recent activities

November 20, 2019 – Azerbaijan's Minister of Economy Mikayil Jabbarov was elected as Chairman of the Coordination Council of Heads of Tax Services of the CIS Member States.

December 6, 2019 – the International Conference dedicated to the 20th Anniversary of signing the Basic Multilateral Agreement on International Transport for Development of the Europe-the Caucasus-Asia Corridor and the Fourteenth Annual Meeting of the Intergovernmental Commission (IGC) TRACECA was held in Baku.[6]

December 6, 2019 – The Republic of Azerbaijan officially assumed the chairmanship in the Intergovernmental Commission TRACECA.

December 9, 2019 – The Republic of Azerbaijan and the Russian Federation signed a Protocol of Intent on Economic Cooperation.[7]

April 8, 2020 – The program to compensate entrepreneurs and their employees for the damage caused by the coronavirus (COVID-19) pandemic was launched in accordance with  the Action Plan adopted by the Cabinet of Ministers in order to reduce the negative impact on business entities due to the coronavirus pandemic [8]

May 4, 2020 – The Ministry of Economy launched a new mechanism on partial refund of VAT paid for goods by individual consumers [9]

October 15, 2020 - Financial sanctions against small and micro business entities from areas fully and partially occupied, as well as front-line territories, were lifted [10]

May 29, 2021 – President Ilham Aliyev inaugurated a new building of the Ministry of Economy.[11]

Structure

Organizations under the auspices of Ministry of Economy

Bodies founded by the Ministry of Economy

The State Program on Economic development

List of ministers of economy

See also

Notes and References

  1. Web site: The decree of the president of the Republic of Azerbaijan on the establishment of the Ministry of Economic Development of the Republic of Azerbaijan.
  2. Web site: Order of the President of the Republic of Azerbaijan on the establishment of the Ministry of Economy and Industry of the Republic of Azerbaijan.
  3. Web site: Azərbaycan Respublikası İqtisadiyyat və Sənaye Nazirliyinin adının dəyişdirilməsi haqqında AZƏRBAYCAN RESPUBLİKASI PREZİDENTİNİN SƏRƏNCAMI.
  4. Web site: Azərbaycan Respublikasının İqtisadiyyat Nazirliyinin funksiyalarının və strukturunun genişləndirilməsi haqqında AZƏRBAYCAN RESPUBLİKASI PREZİDENTİNİN FƏRMANI.
  5. Web site: Azerbaijan's head gives extra powers to Economy Ministry. 2021-07-28. Abc.az. ru.
  6. Web site: The Republic of Azerbaijan officially assumed the chairmanship in the Intergovernmental Commission TRACECA. 2021-07-09. www.traceca-org.org.
  7. Web site: Economy. The Republic of Azerbaijan Ministry of. The foundation of a new plant was laid in Hajigabul Industrial Estate - The Republic of Azerbaijan Ministry of Economy. 2021-07-09. economy.gov.az. en.
  8. Web site: 2020-04-08. Azerbaijani minister: Adopted programs aim to preserve jobs, maintain economic activity. 2021-07-12. Trend.Az. en.
  9. Web site: 2020-05-05. Azerbaijan launches new mechanism for refunding part of VAT to consumers. 2021-07-12. AzerNews.az. en.
  10. Web site: Отменены финансовые санкции в отношении пострадавших малых предпринимателей. 2021-07-12. Информационное Агентство Репорт. 20 October 2020 . ru.
  11. Web site: 2021-05-29. President Ilham Aliyev inaugurated new building of Ministry of Economy (PHOTO). 2021-06-23. Trend.Az. en.
  12. Web site: The Entrepreneurship Development Fund.
  13. Web site: Azərbaycan Respublikasının Kiçik və Orta Biznesin İnkişafı Agentliyi (KOBİA).
  14. Web site: Baku Business Center (BBC).
  15. Web site: Institute for Scientific Research on Economic Reforms.
  16. Web site: The Azerbaijan Export and Investment Promotion Foundation (AZPROMO).
  17. Web site: "Azerbaijan Investment Company" OJSC.
  18. Web site: Clean City OJSC.
  19. Web site: AzerGold OJSC. 9 June 2023.
  20. Web site: Azerkhalcha OJSC.
  21. Web site: State Program on the socio-economic development of regions of Azerbaijan Republic in 2019-2023.
  22. Web site: State Program on the socio-economic development of regions of Azerbaijan Republic in 2014-2018.
  23. Web site: State Program on socio-economic development of Baku city and its settlements in 2014-2016 years.
  24. Web site: State Program on socio-economic development of Baku city and its settlements in 2011-2013 years.
  25. Web site: State Program on socio-economic development of regions of the Republic of Azerbaijan for 2009-2013 years.
  26. Web site: State Program on Poverty Reduction and Sustainable Development (SPPRSD) in the Republic of Azerbaijan for 2008-2015.
  27. Web site: State Program on the reliable food supply of population in the Azerbaijan Republic in 2008-2015.
  28. Web site: State Program for the development of industry in Azerbaijan in 2015-2020.
  29. News: Heydar Babayev is appointed on the post of the Minister of Economical Development . . Baku . 2005-10-19 . 2010-11-02.
  30. Web site: M.Ç.Cabbarovun Azərbaycan Respublikasının İqtisadiyyat naziri təyin edilməsi haqqında Azərbaycan Respublikası Prezidentinin Sərəncamı.