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About Azerbaijan


 

AZERBAIJAN TODAY

Nationality: Azerbaijanis

Population: 9,165,000

Ethnic groups: Azeri 90.6%, Dagestani 2.2%, Russian 1.8%, other 5.4%

Languages spoken: Azerbaijani 90.3%, Lezgi 2.2%, Russian 1.8%, other 5.8%

Religions: Muslim 93.4% (mostly Shia Muslim), Russian Orthodox 2.5%, other 4%

Government: Democratic Republic. Azerbaijan gained independence from the Soviet Union in 1991.

Head of State: President Ilham Aliev since October 2003.
The Head of Azerbaijan State is the President of the Republic of Azerbaijan. The President of the Republic of Azerbaijan is a Supreme Commander-in-Chief of the armed forces of the Republic of Azerbaijan.
Ilham Heydar oglu Aliyev, President of the Republic of Azerbaijan was born in December 24, 1961, in Baku. In October 15, 2003, he was elected as the President of the Republic of Azerbaijan.

More than 76% of voters supported Ilham Aliyev’s candidacy during the elections. He assumed his post on 31 October, 2003. Ilham Aliyev was elected to the second term of the President of the Republic of Azerbaijan, after acquiring 88% of votes of electorate in the elections, held on October 15, 2008. He started to execute the Office of the President of the Republic of Azerbaijan on October 24, 2008.

Time: GMT +4.

Currency: Manat (AZN). Notes in doniminations are of AZN 100, 50, 20, 10, 5 and 1

Main Economic Figures for 2012 in Azerbaijan    
GDP Growth 2,2 %
Non-oil GDP Growth 9,7 %
Inflation Rate 1,1 %
Unemployment Rate 5.2%
Currency Reserve $ 46 billion
Monthly Salary $ 450
Citizens' revenues increase 13,8 %
Poverty Line    6,0 %


 

Oil and Gas in Azerbaijan
For well over a decade, Azerbaijan has capitalized on its large hydrocarbon resources, actively encouraging direct foreign investment in its oil and gas industry. This investment has revitalized the country’s oil sector through the development of large-scale projects and the refurbishment of existing facilities.


 

With the completion of new pipelines, notably the BTC (Baku-Tbilisi- Ceyhan) and BTE (Baku-Tbilisi-Erzurum) pipelines, Azerbaijan has not only guaranteed secure routes to market for its oil and gas reserves but also positioned itself as one of the largest producers in the Caspian region and a potential transportation hub for other Caspian littoral states including Kazakhstan and Turkmenistan.

The majority of oil production growth in Azerbaijan has been provided by the Azeri-Chirag-Guneshli (ACG) field. The Azerbaijan International Operating Company (AIOC) accounts for over 70% of the country’s total oil exports. The majority of the Azerbaijan’s natural gas is produced from offshore fields and most of the country’s natural gas production increases in the future are expected to come from the development of the Shah Deniz offshore natural gas and condensate field, considered one of the world’s largest natural gas field discoveries over the last twenty years.

The domestic oil and gas industry is connected with international markets through a number of oil and gas export pipelines:

1. Baku-Tbilisi-Cheyhan (Turkish Mediterranean Port) oil pipeline
2. Baku-Novorossiysk (Russian Black Sea Port) oil pipeline
3. Baku-Tbilisi- Supsa (Georgian Black Sea Port) oil pipeline
4. South Caucasus (Baku-Tbilisi-Erzurum) gas pipeline.

DEVELOPMENT TRENDS

 
The Highest Flag in the World  
Guinness World Records Organization confirmed on May 29, 2010 that the pole of State Flag of Azerbaijan is the highest in the world. The 162-metre high flagpole has a diameter of 3.2 m at its base and tapers to 1.09 m at the top. The total weight of the construction is 220 tones. The flag’s width is 35 meters, length is 70 m, and the total area is 2450 square meters, approximately with 350 kilograms of weight.


 

Flame Towers  
Baku Flame Towers is a striking new addition to the skyline of Baku. Inspired by Azerbaijan’s long history with fire worshipping, the towers will be an eternal flame for a modern Baku.

Located on the Caspian Sea in Azerbaijan, the site is situated on a hill overlooking Baku Bay, the old city centre and park.


 

Park Bulvar  
PARK BULVAR is a multi-story shopping mall located on Baku Boulevard, downtown Baku, Azerbaijan.

The building has all architectural attributes of the East and modern art of the West. The mall contains about 99 stores, one large supermarket, 6 hall movie theater, planetarium and 3D cinema, "Happy Land" children's playground, photo studio, VIP restaurants overlooking the Baku Bay of Caspian Sea, bowling halls, food courts. The mall has restaurant offering Turkish, Russian, Italian, Chinese, Mexican and Azerbaijani cuisine.


 

International Mugam Center
International Mugam Center of Azerbaijan is the center of Azerbaijani arts and music aimed to promote, preserve and popularize specific genre of Azerbaijani music Mugam. It is located in Baku Boulevard, downtown Baku. International Mugam Center was built on initiative of the First Lady of Azerbaijan, Mehriban Aliyeva. Mugam is a genre included in the representative list of the UNESCO Intangible Cultural Heritage of Humanity.

The funding for construction was provided by the Heydar Aliyev Foundation. The design of the building was based on elements and shapes of Tar, Azerbaijani musical instrument used in performing Mugam. The concert hall fits 350 people. The center also has a club, restraurant, study halls and record studios. The center hosts mugam festivals, concerts, recitals of various singers and performers.

Heydar Aliyev Cultural Centre
The Heydar Aliyev Cultural Center is a cultural complex in Baku, Azerbaijan, named after former president of Azerbaijan, Heydar Alirza oglu Aliyev who was the third President of Azerbaijan for the New Azerbaijan Party from October 1993 to October 2003, when his son incumbent President Ilham Aliyev succeeded him.

The complex is designed by Iraqi-British architect Zaha Hadid.

The project is intended to play an integral role in the intellectual life of the city. Located close to the city center, the site plays a pivotal role in the redevelopment of Baku.

Baku Crystal Hall  
Baku Crystal Hall was built to host the Eurovision Song Contest 2012. On 2 August 2011, the main agreement was signed with Alpine Bau Deutschland AG to construct the venue and preparations for construction had been started in the area. The government allocated 6 million AZN for the construction of the venue.