Azerbaijan

Bakcell offers special discount for Bakcell Ulduzum subscribers from Qatar Airways
ICT
Bakcell offers special discount for Bakcell Ulduzum subscribers from Qatar Airways
  • 11 August, 2017
  • 14:08
Azerbaijan's gas export revenues soar six times
Energy
Azerbaijan's gas export revenues soar six times
  • 11 August, 2017
  • 13:51
Ranking of Azerbaijani banks on interest revenues/credits ratio (TOP-10)
Finance
Ranking of Azerbaijani banks on interest revenues/credits ratio (TOP-10)
  • 11 August, 2017
  • 13:44
Azerbaijan exports $ 4.6 bln crude oil and oil products since January
Energy
Azerbaijan exports $ 4.6 bln crude oil and oil products since January
  • 11 August, 2017
  • 13:36
Ranking of Azerbaijani banks on profit/credit ratio (TOP-10)
Finance
Ranking of Azerbaijani banks on profit/credit ratio (TOP-10)
  • 11 August, 2017
  • 13:18
Retail trade turnover soars by 2% in Azerbaijan
Finance
Retail trade turnover soars by 2% in Azerbaijan
  • 11 August, 2017
  • 13:09
Positive balance of Azerbaijani foreign trade turnover made $ 1.8 bln
Business
Positive balance of Azerbaijani foreign trade turnover made $ 1.8 bln
  • 11 August, 2017
  • 13:00
Ranking of Azerbaijani banks on credit portfolio/assets ratio (TOP-10)
Finance
Ranking of Azerbaijani banks on credit portfolio/assets ratio (TOP-10)
  • 11 August, 2017
  • 12:22
Forecast: US-dollar rate will decline a bit more in Azerbaijan
Analytics
Forecast: US-dollar rate will decline a bit more in Azerbaijan
  • 11 August, 2017
  • 12:06
Azerbaijani violinist gives concert in London
Art
Azerbaijani violinist gives concert in London
  • 11 August, 2017
  • 11:55
President Ilham Aliyev congratulates world athletics champion Ramil Guliyev
Photo
Domestic policy
President Ilham Aliyev congratulates world athletics champion Ramil Guliyev
  • 11 August, 2017
  • 11:37
Russia’s tomato embargo costs Turkey $ 2 billion
AIC
Russia’s tomato embargo costs Turkey $ 2 billion
  • 11 August, 2017
  • 11:18
Azerbaijan ranks as one of most affordable countries to travel in September
Tourism
Azerbaijan ranks as one of most affordable countries to travel in September
  • 11 August, 2017
  • 10:51
UNICEF: Receiving education in regular classrooms important for disabled children in Azerbaijan
Social security
UNICEF: Receiving education in regular classrooms important for disabled children in Azerbaijan
  • 11 August, 2017
  • 10:32
Ranking of Azerbaijani banks on return on assets (RoA) - TOP-10
Finance
Ranking of Azerbaijani banks on return on assets (RoA) - TOP-10
  • 11 August, 2017
  • 10:23
Ranking of Azerbaijani banks on return on equity (ROE) - TOP-10
Finance
Ranking of Azerbaijani banks on return on equity (ROE) - TOP-10
  • 11 August, 2017
  • 09:52
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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.