Azerbaijan

CBA currency exchange rates (28.06.2019)
Finance
CBA currency exchange rates (28.06.2019)
  • 28 June, 2019
  • 05:50
Wrestler Aliyev bags Azerbaijan’s second gold at Minsk 2019
Photo
European Games
Wrestler Aliyev bags Azerbaijan’s second gold at Minsk 2019
  • 28 June, 2019
  • 04:55
SOCAR AQS completed drilling of next well on Gunashli successfully and ahead of schedule
Photo
Energy
SOCAR AQS completed drilling of next well on Gunashli successfully and ahead of schedule
  • 27 June, 2019
  • 13:31
Minister: Azerbaijan faced large-scale internal migration problems as a result of Armenian occupation
Foreign policy
Minister: Azerbaijan faced large-scale internal migration problems as a result of Armenian occupation
  • 27 June, 2019
  • 13:08
Azerbaijan increases natural gas export to Turkey by 48.4%
Energy
Azerbaijan increases natural gas export to Turkey by 48.4%
  • 27 June, 2019
  • 12:39
PACE adopts resolution based on Azerbaijani MP's report
Foreign policy
PACE adopts resolution based on Azerbaijani MP's report
  • 27 June, 2019
  • 12:03
IMF: Azerbaijan’s economy gradually recovering
Finance
IMF: Azerbaijan’s economy gradually recovering
  • 27 June, 2019
  • 11:47
Azerbaijani MP accuses PACE of ignoring Armenia’s crimes
Karabakh
Azerbaijani MP accuses PACE of ignoring Armenia’s crimes
  • 27 June, 2019
  • 11:19
Azerbaijan-based lombard business to be regulated by new law
Business
Azerbaijan-based lombard business to be regulated by new law
  • 27 June, 2019
  • 11:15
Anar Karimov: Azerbaijan preparing Road Map on development of pension system - EXCLUSIVE
Social security
Anar Karimov: Azerbaijan preparing Road Map on development of pension system - EXCLUSIVE
  • 27 June, 2019
  • 10:57
Azerbaijan’s banking sector sees decline in profit
Finance
Azerbaijan’s banking sector sees decline in profit
  • 27 June, 2019
  • 10:12
Group of Azerbaijani peacekeepers returned from Afghanistan - VIDEO
Photo
Military
Group of Azerbaijani peacekeepers returned from Afghanistan - VIDEO
  • 27 June, 2019
  • 09:47
Rain predicted in Baku tomorrow, moderate north-west wind will intensify at times
Ecology
Rain predicted in Baku tomorrow, moderate north-west wind will intensify at times
  • 27 June, 2019
  • 09:44
Azerbaijani parliament adopts amendments in 2019 state budget in first reading
Finance
Azerbaijani parliament adopts amendments in 2019 state budget in first reading
  • 27 June, 2019
  • 09:41
Azerbaijani parliament adopts bill on execution of state budget in third reading
Finance
Azerbaijani parliament adopts bill on execution of state budget in third reading
  • 27 June, 2019
  • 09:39
Competition for erecting Haji Zeynalabdin Tagiyev's statue to be completed on June 30
Cultural policy
Competition for erecting Haji Zeynalabdin Tagiyev's statue to be completed on June 30
  • 27 June, 2019
  • 07:33
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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.