Azerbaijan

SOCAR Turkey’s market value reaches $11B
Energy
SOCAR Turkey’s market value reaches $11B
  • 08 February, 2019
  • 06:30
Azerbaijani oil price falls by 2%
Energy
Azerbaijani oil price falls by 2%
  • 08 February, 2019
  • 05:51
Armenian armed forces violate ceasefire 28 times
Karabakh
Armenian armed forces violate ceasefire 28 times
  • 08 February, 2019
  • 05:29
CBA currency exchange rates (08.02.2019)
Finance
CBA currency exchange rates (08.02.2019)
  • 08 February, 2019
  • 05:24
Maria Zakharova: Preparations underway for trilateral meeting of Russian, Azerbaijani, Armenian FMs
Foreign policy
Maria Zakharova: Preparations underway for trilateral meeting of Russian, Azerbaijani, Armenian FMs
  • 08 February, 2019
  • 04:55
Nikola Jurčević: We talked only about football, not money, with AFFA - INTERVIEW
Photo
Football
Nikola Jurčević: "We talked only about football, not money, with AFFA" - INTERVIEW
  • 07 February, 2019
  • 13:41
From the Museum of Modern Art - REPORTAGE
Photo
Multimedia
From the Museum of Modern Art - REPORTAGE
  • 07 February, 2019
  • 13:07
Azerbaijan to name representative for Eurovision 2019 till March
Show business
Azerbaijan to name representative for Eurovision 2019 till March
  • 07 February, 2019
  • 13:05
Argus Fertilizer conference to be held in Baku
Energy
Argus Fertilizer conference to be held in Baku
  • 07 February, 2019
  • 12:36
Azerbaijan-based banks ranking for liabilities to CBA (01.01.2019) - TOP-5
Finance
Azerbaijan-based banks ranking for liabilities to CBA (01.01.2019) - TOP-5
  • 07 February, 2019
  • 12:18
Azerbaijan-based banks ranking for authorized capital (01.01.2019) - TOP-10
Finance
Azerbaijan-based banks ranking for authorized capital (01.01.2019) - TOP-10
  • 07 February, 2019
  • 12:15
Azerbaijan-based banks ranking for regulatory capital (01.01.2019) - TOP-10
Finance
Azerbaijan-based banks ranking for regulatory capital (01.01.2019) - TOP-10
  • 07 February, 2019
  • 12:10
Azerbaijan-based banks ranking for total capital (01.01.2019) - TOP-10
Finance
Azerbaijan-based banks ranking for total capital (01.01.2019) - TOP-10
  • 07 February, 2019
  • 12:04
Azerbaijan-based banks ranking for deposit portfolio (01.01.2019) - TOP-10
Finance
Azerbaijan-based banks ranking for deposit portfolio (01.01.2019) - TOP-10
  • 07 February, 2019
  • 12:02
Azerbaijan-based banks ranking for liabilities (01.01.2019) - TOP-10
Finance
Azerbaijan-based banks ranking for liabilities (01.01.2019) - TOP-10
  • 07 February, 2019
  • 11:59
Jahangir Hajiyev gives testimony in 4.7 bln AZN criminal case
Incident
Jahangir Hajiyev gives testimony in 4.7 bln AZN criminal case
  • 07 February, 2019
  • 11:40
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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.