Azerbaijan

Baku’s much-loved ‘Bulvar’ has been central to city life for well over a hundred years. Originally occupying just a few hundred metres from today’s Puppet Theatre to Azneft Square, the historic Boulevard has gradually lengthened and in early June 2015 witnessed its most dramatic expansion to date, with the newly …

On the fate of the deputy interior minister of the ADR, Oriental sciences scholar Mahammad Sadig bay Agabayzada, and his relatives under Soviet rule. During the 70 years of Soviet rule any mention of his name in Azerbaijan was taboo. Even his closest relatives, who were able to see him and …

1946 The first large-block base for the LAM system (Laboratory of Aero Methods of the Academy of Sciences of the USSR) was constructed in Gurgani oilfield area. For the first time, oil expedition of Azerbaijani Academy of Sciences began practical studyies of geological structures of Oil Rocks (Neft Dashlari) deposits. …

1900 Nobel Brothers company and Rothschilds’ Association of Mazut decide to coordinate their commercial activities in the markets in order to establish control over sale of oil products and create “Nobmazut”. E. Nobel and A. Rothschild unite their efforts in export of Baku kerosene to foreign markets. Oil company “Alexander …

XIII century Arabic historian Mohammed Bekran visits Absheron and informs about oil production wells dug in Balakhani. 1273 The Venetian traveler Marco Polo (1254-1324) – the first European who visited Caucasus (Azerbaijan) – confirms oil exports from Baku to countries of Near East. 1339 Hamdullah Kazvini has noted in his …

The first congress of the Baku petro industrialists has been founded in 1884 in Baku; further these congresses continued to function up to revolutionary events of 1917. The importance of congresses was defined by that the largest petro industrialists of the Russian empire took part in them, including and «Russian …

Azerbaijan is the oldest known oil-­‐producing region in the world and lays claim to being the birthplace of the oil industry. There is evidence of petroleum being used in trade as early as the third and fourth centuries, with references to the production of oil on the Absheron peninsula appearing …

March 31 is marked as the Day of Genocide of the Azerbaijanis. After the Republic of Azerbaijan regained its independence, it has become possible to renew the objective picture of the past history of Azerbaijani people. The truth, which for many years was kept back, is getting disclosed and misinterpreted …

The drop in the value of the manat is creating fresh opportunities for the private sector in that it is preventing a drastic rise in prices. A two-fold devaluation of the manat in 2015 has undoubtedly made a ne-gative impact on household incomes and consumer prices.

rb Expansion of housing construction stimulates activity in many related industries. Housing construction is going to become an important industry in the coming years, which will allow the Azerbaijani government to solve many social and economic issues.