Azerbaijan

Ranking of Azerbaijani banks on annual dynamics of expenses (TOP-10)
Finance
Ranking of Azerbaijani banks on annual dynamics of expenses (TOP-10)
  • 05 May, 2017
  • 12:31
Ranking of Azerbaijani banks on annual dynamics of investments in securities (TOP-5)
Finance
Ranking of Azerbaijani banks on annual dynamics of investments in securities (TOP-5)
  • 05 May, 2017
  • 12:24
Ranking of Azerbaijani banks on annual dynamics of non-interest revenues (TOP-10)
Finance
Ranking of Azerbaijani banks on annual dynamics of non-interest revenues (TOP-10)
  • 05 May, 2017
  • 12:08
First test gas will be pumped into TANAP in January
Energy
First test gas will be pumped into TANAP in January
  • 05 May, 2017
  • 12:00
IMF: Several more banks may close in Azerbaijan
Finance
IMF: Several more banks may close in Azerbaijan
  • 05 May, 2017
  • 11:52
Ranking of Azerbaijani banks on annual dynamics of interest revenues (TOP-10)
Finance
Ranking of Azerbaijani banks on annual dynamics of interest revenues (TOP-10)
  • 05 May, 2017
  • 11:38
IMF: Three factors will reduce inflation in Azerbaijan
Finance
IMF: Three factors will reduce inflation in Azerbaijan
  • 05 May, 2017
  • 11:30
Ranking of Azerbaijani banks on annual dynamics of revenues (TOP-10)
Finance
Ranking of Azerbaijani banks on annual dynamics of revenues (TOP-10)
  • 05 May, 2017
  • 11:22
President Ilham Aliyev met with Malian President Ibrahim Boubacar Keita
Foreign policy
President Ilham Aliyev met with Malian President Ibrahim Boubacar Keita
  • 05 May, 2017
  • 11:14
President Ilham Aliyev met with UNESCO Director General Irina Bokova
Foreign policy
President Ilham Aliyev met with UNESCO Director General Irina Bokova
  • 05 May, 2017
  • 10:58
Assistant Secretary General: NATO highly appreciates Azerbaijan's initiatives
Foreign policy
Assistant Secretary General: NATO highly appreciates Azerbaijan's initiatives
  • 05 May, 2017
  • 10:55
European Union celebrates Europe Day in Lenkaran
Cultural policy
European Union celebrates Europe Day in Lenkaran
  • 05 May, 2017
  • 10:40
National Olympic Committees of Azerbaijan and Ukraine sign MoU
Team sports
National Olympic Committees of Azerbaijan and Ukraine sign MoU
  • 05 May, 2017
  • 10:32
Azerbaijan's First Vice-President meets with UNESCO Director General Irina Bokova
Foreign policy
Azerbaijan's First Vice-President meets with UNESCO Director General Irina Bokova
  • 05 May, 2017
  • 10:24
Jean-François Mancel: Baku turns into shopping center
Business
Jean-François Mancel: Baku turns into shopping center
  • 05 May, 2017
  • 10:16
Azerbaijani FM: We are concerned about growth of violent extremism and separatism in the world
Foreign policy
Azerbaijani FM: We are concerned about growth of violent extremism and separatism in the world
  • 05 May, 2017
  • 10:08
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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.