Ministry of Economic Development (Azerbaijan)
Encyclopedia
The Ministry of Economic Development of Azerbaijan Republic is a governmental agency within the Cabinet of Azerbaijan
in charge of economic development, state investments, economic relations, foreign investments, sustainable development and business promotion activities in Azerbaijan. The ministry is headed by Shahin Mustafayev
.
Decree of President Heydar Aliyev
No. 475 in accordance with structural reforms within the Azerbaijani government. According to the decree, State Property Committee, Ministry of Economy, Ministry of Trade, State Committee for Antimonopoly Policy and Entrepreneurial Assistance and Foreign Investments Agency were abolished and replaced by one centralized Ministry of Economic Development.
State Service for Antimonopoly Policy and Consumers' Rights Protection, National Fund for Entrepreneurial Assistance, Scientific Research Institute for Economic Reforms, Baku Business Education Center are state agencies within the ministry. The ministry has regional chapters in Absheron, Aran, Mountainous Shirvan
, Quba-Khachmaz, Ganja
-Qazakh, Lankaran, Shaki-Zaqatala, Upper Karabakh
. The Ministry of Economic Development of Nakhchivan Autonomous Republic exclave subordinates to the Ministry of Economic Development.
Cabinet of Azerbaijan
The Cabinet of Azerbaijan is the chief executive body of the Republic of Azerbaijan.-The Executive Power:The President of the Republic of Azerbaijan is the head of state....
in charge of economic development, state investments, economic relations, foreign investments, sustainable development and business promotion activities in Azerbaijan. The ministry is headed by Shahin Mustafayev
Shahin Mustafayev
Shahin Mustafayev Abdulla oglu is an Azerbaijani politician serving as the Minister of Economic Development.-Ealy life:Mustafayev was born on June 13, 1965 in Noyemberyan, Armenia. In 1989, he graduated from the Baku branch of Voznesensky Saint Petersburg State University of Economics and Finance....
.
History
The Ministry of Economic Development was established on April 30, 2001 as per PresidentialPresident of Azerbaijan
The country of Azerbaijan is a presidential republic, with the President of Azerbaijan as the head of state, and the Prime Minister of Azerbaijan as head of government...
Decree of President Heydar Aliyev
Heydar Aliyev
Heydar Alirza oglu Aliyev , also spelled as Heidar Aliev, Geidar Aliev, Haydar Aliyev, Geydar Aliyev was the third President of Azerbaijan for the New Azerbaijan Party from June 1993 to October 2003, when his son Ilham Aliyev succeeded him.From 1969 till 1982, Aliyev was also the leader of Soviet...
No. 475 in accordance with structural reforms within the Azerbaijani government. According to the decree, State Property Committee, Ministry of Economy, Ministry of Trade, State Committee for Antimonopoly Policy and Entrepreneurial Assistance and Foreign Investments Agency were abolished and replaced by one centralized Ministry of Economic Development.
Structure
The ministry is headed by the minister with two deputy ministers and head of administration. Main functions of the ministry are development and preparation of economic policies and forecasts of Azerbaijan Republic, development of individual segments of economic markets, fostering and maintaining foreign economic and trade relations, conducting investment operations, attracting foreign direct investment to the country, domestic trade development, provision of state assistance to entrepreneurs, encouragement of competition and regulation of laws on economic activity in the country.State Service for Antimonopoly Policy and Consumers' Rights Protection, National Fund for Entrepreneurial Assistance, Scientific Research Institute for Economic Reforms, Baku Business Education Center are state agencies within the ministry. The ministry has regional chapters in Absheron, Aran, Mountainous Shirvan
Shirvan
Shirvan , also spelled as Shirwan, Shervan, Sherwan and Šervān, is a historical region in the eastern Caucasus, known by this name in both Islamic and modern times...
, Quba-Khachmaz, Ganja
Ganja, Azerbaijan
Ganja is Azerbaijan's second-largest city with a population of around 313,300. It was named Yelizavetpol in the Russian Empire period. The city regained its original name—Ganja—from 1920–1935 during the first part of its incorporation into the Soviet Union. However, its name was changed again and...
-Qazakh, Lankaran, Shaki-Zaqatala, Upper Karabakh
Karabakh
The Karabakh horse , also known as Karabakh, is a mountain-steppe racing and riding horse. It is named after the geographic region where the horse was originally developed, Karabakh in the Southern Caucasus, an area that is de jure part of Azerbaijan but the highland part of which is currently...
. The Ministry of Economic Development of Nakhchivan Autonomous Republic exclave subordinates to the Ministry of Economic Development.
List of Ministers of Economic Development
- Farhad AliyevFarhad AliyevFarhad Shovlat oghlu Aliyev is an Azerbaijani politician who was born in 1963 in Alar, a village of Jalilabad district, Azerbaijan. He was removed from post in 2005 and accused of plotting a coup d'etat.-Early life:...
, April 30, 2001 - October 19, 2005 - Heydar BabayevHeydar BabayevHeydar Babayev Aydin oglu was an Azerbaijani politician serving as the Chairman of State Committee for Securities under auspices of the President of Azerbaijan and Minister of Economic Development.-Ealy life:...
, October 19, 2005 - October 31, 2008 - Shahin MustafayevShahin MustafayevShahin Mustafayev Abdulla oglu is an Azerbaijani politician serving as the Minister of Economic Development.-Ealy life:Mustafayev was born on June 13, 1965 in Noyemberyan, Armenia. In 1989, he graduated from the Baku branch of Voznesensky Saint Petersburg State University of Economics and Finance....
, October 31, 2008 - incumbent