Background
Doctor Alakbarov was born in the village of Jil, Gegharkunik, Armenian Soviet Socialist Republic.
Doctor Alakbarov was born in the village of Jil, Gegharkunik, Armenian Soviet Socialist Republic.
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.
Currently, he is the Chairman of Finance and Financial Institutions Academic Department of Azerbaijan State University of Economics
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 Doctor Alakbarov worked in the position of Senior Economist with the Ministry of Agriculture of Azerbaijan Soviet Socialist Republic, "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, Doctor 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 Soviet Socialist Republic. He became the Head of Azerbaijan branch of Pension Fund of Union of the Soviet Socialist Republics 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.
In 2003 received an Academic degree of Candidate of Economic Sciences. 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
Doctor Alakbarov speaks fluent Azeri, Russian, and Turkish.
He was a member of New Azerbaijan Party Political Board from May 2000 till June 2013. Doctor Alakbarov is a full member of the International Academy of Management since June 9, 2005.