Ministry of Economy (Azerbaijan)
Azerbaijani governmental agency
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 based on these bodies according to the Decree of the President of Azerbaijan Republic.
October 22, 2013 - The Ministry of Economy and Industry was established based on the Ministry of Economic Development in accordance with the Order of the President of Azerbaijan Republic.
January 15, 2016 - The Ministry of Economy of Azerbaijan was established based on the Ministry of Economy and Industry in accordance with the Order of the President of Republic.
October 23, 2019 – New structure of the Ministry was approved by Decree of the President of Azerbaijan.
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.
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.
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
May 4, 2020 – The Ministry of Economy launched a new mechanism on partial refund of VAT paid for goods by individual consumers
October 15, 2020 - Financial sanctions against small and microbusiness entities from areas fully and partially occupied, as well as front-line territories, were lifted
May 29, 2021 – President Ilham Aliyev inaugurated a new building of the Ministry of Economy.
This brief starts where responsible research should: with the source description of “Ministry of Economy (Azerbaijan)” as azerbaijani governmental agency. Everything that follows is an evidence route, not borrowed authority.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Aug 8, 2026. The linked authority identifier is Q4294835. 1 of 2 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 1918, 1920, 1991 and 2001.
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