Avaz Alakbarov

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Avaz Alakbarov
Əvəz Ələkbərov
Minister of Finance of Azerbaijan Republic
In office
July 11, 1999 – April 18, 2006
President Heydar Aliyev
Ilham Aliyev
Preceded by Fikrat Yusifov
Succeeded by Samir Sharifov
Personal details
Born (1952-07-23) July 23, 1952 (age 64)
Soviet Union Jil, Krasnoselsk, Armenian SSR, Soviet Union
Nationality Azerbaijan Azerbaijani
Political party New Azerbaijan Party
Children Elnur Alakbarov
Zaur Alakbarov
Residence Azerbaijan Baku, Azerbaijan
Alma mater Azerbaijan State Economic University
Occupation Politician, Scientist
Profession Economist
Religion Muslim

Avaz Alakbarov Akbar oglu (Azerbaijani: Əvəz Ələkbərov Əkbər oğlu) (born July 23, 1952) is an Azerbaijani politician and scientist who served as Minister of Finance of Azerbaijan Republic from July 1999 to April 2006.


Dr Alakbarov was born in the village of Jil, Gegharkunik, Armenian SSR. He graduated with Honorary diploma in Economics from Azerbaijan State Institute of National Economy (now Azerbaijan State University of Economics) named after Dadash Bunyadzade in 1973. From 1973 to 1974, he served in the Soviet Armed Forces Units in Belarus. Alakbarov's career began as an accountant at Baku's construction company in 1973. From 1975 until 1981 Dr Alakbarov worked in the position of Senior Economist with the Ministry of Agriculture of Azerbaijan SSR, "Azergurashdirmatikinti" Trust. He later held the position of Head of the Planning Department and Deputy Chief of the Trust on Economic Issues.

From 1981 to 1984, Dr Alakbarov held the position of Senior Assessor of the Financial Planning Department and from 1984 to 1991 Deputy Head of the Economic Department in the Council of Ministers of Azerbaijan SSR. He became the Head of Azerbaijan branch of Pension Fund of USSR in 1991. He was appointed by Presidential decree as the Chairman of the Board of Azerbaijan Pension Fund in 1991. Then he spent 1992 through 1999 serving as Chairman of the State Social Protection Fund of the Azerbaijan Republic.

Alakbarov was appointed Finance Minister by President Heydar Aliyev on July 11, 1999 and served as minister until October 2003. On November 5, 2003 government reshuffle, President Ilham Aliyev confirmed Avaz Alakbarov as Finance Minister of Azerbaijan Republic and later on April 18, 2006 Ilham Aliyev dismissed him from his position replacing him with Samir Sharifov.

He was a member of New Azerbaijan Party Political Board from May 2000 till June 2013.

In 2003 received an Academic degree of Candidate of Economic Sciences. Dr Alakbarov is a full member of the International Academy of Management since June 9, 2005. He wrote number of books dealing with Socio-economic development of Azerbaijan Republic in order to receive an Academic degree of Doctor of Economic Sciences.

Since February 2016, he is Chairman of Finance and Financial Institutions Academic Department of Azerbaijan State University of Economics. Dr. of Economic Sciences, Professor Avaz Alakbarov was awarded a European Service Order to his Science and Education Services by the UN Council for Public Awards. Alakbarov was awarded the prize for his services in the implementation of innovations at the University and increasing its rating in international arena, as well as his contributions made in the quality changes in the Department of “Finance and Financial Institutions”.

Dr Alakbarov speaks fluent Azeri, Russian, and Turkish. Dr Alakbarov has two sons, Elnur and Zaur.