Azerbaijan

Date of completion of projects implemented by IDB in Azerbaijan announced  - EXCLUSIVE
Finance
Date of completion of projects implemented by IDB in Azerbaijan announced - EXCLUSIVE
  • 07 May, 2019
  • 12:23
Azerbaijan-based banks ranking for liabilities to CBA (01.04.2019) - TOP-5
Finance
Azerbaijan-based banks ranking for liabilities to CBA (01.04.2019) - TOP-5
  • 07 May, 2019
  • 12:23
Gobustan-Poladli highway inaugurated
Domestic policy
Gobustan-Poladli highway inaugurated
  • 07 May, 2019
  • 11:51
Azerbaijan-based banks ranking for deposit portfolio growth rate (01.04.2019) - TOP-5
Finance
Azerbaijan-based banks ranking for deposit portfolio growth rate (01.04.2019) - TOP-5
  • 07 May, 2019
  • 11:49
Azerbaijan-based banks ranking for deposit portfolio (01.04.2019) - TOP-5
Finance
Azerbaijan-based banks ranking for deposit portfolio (01.04.2019) - TOP-5
  • 07 May, 2019
  • 11:44
President Ilham Aliyev and first lady Mehriban Aliyeva inaugurated Gobustan branch of Azerkhalcha OJSC
Cultural policy
President Ilham Aliyev and first lady Mehriban Aliyeva inaugurated Gobustan branch of "Azerkhalcha" OJSC
  • 07 May, 2019
  • 11:39
Azerbaijan-based banks ranking for liabilities growth rate (01.04.2019) - TOP-5
Finance
Azerbaijan-based banks ranking for liabilities growth rate (01.04.2019) - TOP-5
  • 07 May, 2019
  • 11:20
Azerbaijan-based banks ranking for liabilities (01.04.2019) - TOP-5
Finance
Azerbaijan-based banks ranking for liabilities (01.04.2019) - TOP-5
  • 07 May, 2019
  • 11:17
SOFAZ  reduces currency sale
Finance
SOFAZ reduces currency sale
  • 07 May, 2019
  • 11:10
Deputy PM: Compulsory health insurance will be provided to everyone from January next year
Health
Deputy PM: Compulsory health insurance will be provided to everyone from January next year
  • 07 May, 2019
  • 10:56
Norwegian Embassy in Azerbaijan to close in mid-May
Foreign policy
Norwegian Embassy in Azerbaijan to close in mid-May
  • 07 May, 2019
  • 10:55
Russian FM: There is no racism and xenophobia in Azerbaijan
Foreign policy
Russian FM: There is no racism and xenophobia in Azerbaijan
  • 07 May, 2019
  • 10:28
Ali Ahmadov: Not everyone can receive free medicines provided by the state
Health
Ali Ahmadov: Not everyone can receive free medicines provided by the state
  • 07 May, 2019
  • 10:21
Lightning, hail expected tomorrow
Ecology
Lightning, hail expected tomorrow
  • 07 May, 2019
  • 10:13
Deputy PM appeals to int'l organizations over Nagorno-Karabakh
Karabakh
Deputy PM appeals to int'l organizations over Nagorno-Karabakh
  • 07 May, 2019
  • 10:05
Heads of Executive Authorities appeal to insurance companies
Domestic policy
Heads of Executive Authorities appeal to insurance companies
  • 07 May, 2019
  • 09:55
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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.