Of azerbaijan high technical educational institutions

Ключевые слова:
государственный бюджет, финансовый контроль, счетная палата, 
аудиторская служба, налог 
 
 
 
Publication history 
Article received: 08.03.2023 
Article accepted: 22.03.2023 
Article published online: 05.04.2023
DOI suffix: 10.36962/PAHTEI27042023-354 
 
 
 
 
 
 
 
 

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368 
PAHTEI 
PROCEEDINGS OF AZERBAIJAN HIGH TECHNICAL EDUCATIONAL INSTITUTIONS 
VOLUME 27 ISSUE 04 2023 
E-ISSN: 2674-5224 
ANALYSIS OF THE DAMAGE AND ECONOMIC POTENTIAL OF THE 
KARABAKH ECONOMIC REGION AS A RESULT OF THE 
OCCUPATION 
 
Umudvar Aliyev
1
, Shukrüya Zakirli
2 
1,2
Azerbaijan State University of Economics, 
1,2
Department of Economics and Technological Sciences,
1
Doctor of Sciences in Economics, Professor 
2
Master student, [e-mail] 
 
ABSTRACT 
The fact that 20 percent of Azerbaijan's territory remained under occupation for many years did 
not allow the country to use the economic potential of these lands. Despite the fact that Karabakh 
is the territory of the Republic of Azerbaijan, Nagorno-Karabakh and 7 adjacent administrative 
districts (Lachin, Kalbajar, Gubadli, Zangilan, Jabrayil, Aghdam (district center and most of the 
territory), Fuzuli (district center and most of the territory) in 1989-1993 was occupied by Armenia 
in the years. As a result, the historical and cultural monuments, the infrastructure of the region 
were completely destroyed. The liberation of territories occupied for 30 years as a result of the 
Patriotic War in 2020 created wide opportunities and favorable conditions for the development of 
Azerbaijan's economy. 
On July 7, 2021, President of Azerbaijan Ilham Aliyev signed a decree on the new division of 
economic regions of the country. The new division already includes 14 economic districts. 
Karabakh economic region is one of the 14 economic regions of Azerbaijan. It includes Agjabadi, 
Agdam, Barda, Fuzuli, Khojaly, Khojavand, Shusha and Tartar administrative regions and the city 
of Khankendi. Eastern Zangezur economic region includes Jabrayil, Kalbajar, Lachin, Gubadli 
and Zangilan administrative regions. 
Karabakh economic region is one of the 14 economic regions of Azerbaijan. It includes Agjabadi, 
Agdam, Barda, Fuzuli, Khojaly, Khojavand, Shusha and Tartar administrative regions and the city 
of Khankendi. Eastern Zangezur economic region includes Jabrayil, Kalbajar, Lachin, Gubadli 
and Zangilan administrative regions. 
The new division of economic regions in Azerbaijan contributes to economic progress, more 
efficient investment policy and flexible regional management. Their creation will be an impetus 
for the restoration and development of the territories liberated from occupation during the 44-day 
war. This step can be considered as a comprehensive plan for the prosperity of the liberated 
territories. This is also important from the point of view of the reintegration of the liberated 
territories into the economy of Azerbaijan, because it requires more efficient work in the direction 
of planning the development of economic regions, ensuring the efficiency of management and 
revising the structure of the economy of these regions. In addition to having huge tourism, 
industrial potential, rich water and energy resources, recreational and food industry opportunities, 
the liberated lands have great mineral and raw material potential. In addition to having huge 
tourism, industrial potential, rich water and energy resources, recreational and food industry 
opportunities, the liberated lands have great mineral and raw material potential. At the heart of the 
Azerbaijani government's plans for the reconstruction of the Karabakh region is its transformation 
into a center that produces energy from renewable sources. 
368-381 

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