Azerbaijan

Director of Joint Chamber of Commerce: Swiss companies interested in infrastructure, transport, IT sectors of Azerbaijan
Business

Director of Joint Chamber of Commerce: Swiss companies interested in infrastructure, transport, IT sectors of Azerbaijan

  • 11 July, 2016
  • 12:17
A man accused of taking bribes arrested in courtroom
Incident

A man accused of taking bribes arrested in courtroom

  • 11 July, 2016
  • 12:08
Report: Bank deposits increased in Azerbaijan
Finance

Report: Bank deposits increased in Azerbaijan

  • 11 July, 2016
  • 11:17
Azerbaijani businessmen invited to Istanbul exhibition and conference
Tourism

Azerbaijani businessmen invited to Istanbul exhibition and conference

  • 11 July, 2016
  • 11:08
Demand makes 90% at deposit auction of the Central Bank of Azerbaijan
Finance

Demand makes 90% at deposit auction of the Central Bank of Azerbaijan

  • 11 July, 2016
  • 10:28
Referees of matches of Azerbaijani clubs in Champions League named
Football

Referees of matches of Azerbaijani clubs in Champions League named

  • 11 July, 2016
  • 09:53
Premiums of insurance company in Azerbaijan decreased by 36%
Finance

Premiums of insurance company in Azerbaijan decreased by 36%

  • 11 July, 2016
  • 09:42
Head Physician: 'Mainly chronic diseases observed in elderly patients'
Health Photo

Head Physician: 'Mainly chronic diseases observed in elderly patients'

  • 11 July, 2016
  • 09:10
SOCAR Tower wins ENR’s 2016 Global Best Project reward
Infrastructure

SOCAR Tower wins ENR’s 2016 Global Best Project reward

  • 11 July, 2016
  • 08:58
Lightning and heavy rain predicted in Azerbaijani regions on July 12
Ecology

Lightning and heavy rain predicted in Azerbaijani regions on July 12

  • 11 July, 2016
  • 08:49
International Bank of Azerbaijan increases interest rate on mortgage loans
Finance

International Bank of Azerbaijan increases interest rate on mortgage loans

  • 11 July, 2016
  • 08:08
Last month 12 000 new subscribers registered at 'Azəriqaz'
Energy

Last month 12 000 new subscribers registered at 'Azəriqaz'

  • 11 July, 2016
  • 07:55
Central Bank: Deposits of physical persons down by 1.5%
Finance

Central Bank: Deposits of physical persons down by 1.5%

  • 11 July, 2016
  • 07:46
Credit investments in the economy decreased by 2.5% in May
Finance

Credit investments in the economy decreased by 2.5% in May

  • 11 July, 2016
  • 07:35
Central Bank: POS-terminals continue to decrease in Azerbaijan
Finance

Central Bank: POS-terminals continue to decrease in Azerbaijan

  • 11 July, 2016
  • 07:26
Report: Number of ATMs started to rise again in Azerbaijan
Finance

Report: Number of ATMs started to rise again in Azerbaijan

  • 11 July, 2016
  • 07:17
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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.