Azerbaijan

Azerbaijani oil price soars on markets
Energy
Azerbaijani oil price soars on markets
  • 15 August, 2017
  • 06:00
Armenian armed forces violated ceasefire 128 times throughout the day
Karabakh
Armenian armed forces violated ceasefire 128 times throughout the day
  • 15 August, 2017
  • 05:32
Exchange Rates of Central Bank of Azerbaijan (15.08.2017)
Finance
Exchange Rates of Central Bank of Azerbaijan (15.08.2017)
  • 15 August, 2017
  • 05:22
Proposals about law “On mortgage” mulled
Finance
Proposals about law “On mortgage” mulled
  • 14 August, 2017
  • 13:52
Exhibition dedicated to Muslim Magomayev opens in Russia’s Orel city
Cultural policy
Exhibition dedicated to Muslim Magomayev opens in Russia’s Orel city
  • 14 August, 2017
  • 13:37
41st World Scout Conference kicks off in Baku
Foreign policy
41st World Scout Conference kicks off in Baku
  • 14 August, 2017
  • 13:18
Number of Azerbaijanis traveling by ship increased
Infrastructure
Number of Azerbaijanis traveling by ship increased
  • 14 August, 2017
  • 13:08
New well launched at 'Oil Rocks' field
Energy
New well launched at 'Oil Rocks' field
  • 14 August, 2017
  • 12:00
Azerbaijanis earn highest salaries among other migrants in Russia
Diaspora
Azerbaijanis earn highest salaries among other migrants in Russia
  • 14 August, 2017
  • 11:48
Demand exceeds supply 4,5-fold at CBA's deposit auction
Finance
Demand exceeds supply 4,5-fold at CBA's deposit auction
  • 14 August, 2017
  • 11:00
Ombudsman Bank to start operating in Azerbaijan next month
Finance
Ombudsman Bank to start operating in Azerbaijan next month
  • 14 August, 2017
  • 10:45
Reserves in gold deposit in Azerbaijan found to be more than initial assessment
Industry
Reserves in gold deposit in Azerbaijan found to be more than initial assessment
  • 14 August, 2017
  • 09:41
Rain, lightning predicted in Azerbaijan  WARNING
Ecology
Rain, lightning predicted in Azerbaijan WARNING
  • 14 August, 2017
  • 09:12
Russia’s Deputy Prosecutor General stands up for Azerbaijani entrepreneurs
Diaspora
Russia’s Deputy Prosecutor General stands up for Azerbaijani entrepreneurs
  • 14 August, 2017
  • 08:34
Cargo transportation increases in Azerbaijan segment of TRACECA corridor
Infrastructure
Cargo transportation increases in Azerbaijan segment of TRACECA corridor
  • 14 August, 2017
  • 07:36
Ambassador: Strong political ties are at core of fraternal relations between Azerbaijan and Pakistan
Photo
Foreign policy
Ambassador: Strong political ties are at core of fraternal relations between Azerbaijan and Pakistan
  • 14 August, 2017
  • 07:18
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Azerbaijan: History, Geography, Economy, and Culture

Azerbaijan (officially the Republic of Azerbaijan, azerb. Azərbaycan Respublikası) is a transcontinental sovereign state located in the Caucasus region at the crossroads of Eastern Europe and Western Asia. Bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west, and Iran to the south—with an exclave in Nakhchivan bordered by Turkey—the country spans over 86,600 square kilometers. As a secular democratic republic with its capital and largest city in Baku, Azerbaijan is renowned for its ancient history as the "Land of Fire," its immense energy resources, and its rapidly modernizing geopolitical and economic standing.

1. Geography and Environment

Varied Landscapes: Despite its moderate size, Azerbaijan encompasses nine of the world's eleven climate zones, featuring the dramatic mountain ranges of the Greater and Lesser Caucasus, fertile river valleys, and the vast expanse of the Caspian coastline.

Natural Wealth: The country possesses profound natural reserves, notably immense offshore oil and natural gas fields, as well as mineral deposits including iron, aluminum, and copper.

2. Historical Background and Statehood

Ancient and Medieval Roots: The territory has hosted ancient civilizations, Caucasian Albania, and prominent medieval states and principalities, serving as a vital nexus along the historic Silk Road connecting East and West.

Democratic Republic and Soviet Era: In 1918, Azerbaijan established the Azerbaijan Democratic Republic—the first secular parliamentary republic in the Muslim world. Following incorporation into the Soviet Union as the Azerbaijan SSR, the nation restored its full independence on October 18, 1991, following the dissolution of the USSR.

3. Economy and Infrastructure

Energy Backbone: Azerbaijan is a major global energy supplier, anchored by monumental infrastructure projects like the Baku-Tbilisi-Ceyhan oil pipeline and the Southern Gas Corridor, supplying energy security across Eurasia.

Diversification and Transport: Beyond oil and gas, the economy features robust agricultural sectors (renowned for cotton, tea, citrus fruits, and wine), a growing non-oil industrial base, and strategic transport corridors linking Central Asia and China with Europe via the Trans-Caspian International Transport Route.

Global Hosting: The country has built a strong international reputation for hosting major global events, including the Formula 1 Azerbaijan Grand Prix, high-profile sports championships, and international climate forums such as COP29.

4. Culture, Heritage, and Arts

Cultural Tapestry: Azerbaijani culture is celebrated for its rich musical heritage (including traditional Mugham, recognized by UNESCO), intricate carpet-weaving traditions, exquisite cuisine (such as plov, dolma, and kebabs), and world-class architectural monuments like the UNESCO-listed Old City of Baku and the medieval petroglyphs of Gobustan.