Economic Cooperation Organization

Republic of Azerbaijan *

Republic of Azerbaijan is situated at the crossroads of East and West and bordered on by the Caucasus mountain range in the north, the Caspian Sea in the east, Georgia and Armenia in the west, the Russian Federation in the north, Iran in the south and Turkey in the south-west.

Republic of Azerbaijan is a democratic, constitutional, secular and unitary Republic. H.E. Mr. Ilham Aliyev is the current President of the Republic of Azerbaijan. President is a Head of State and is elected by direct election for five year term.

Azerbaijan is the fastest growing economy worldwide. Baku, the capital of the country, is the centre of Azerbaijani economy and the home for most of Azerbaijan's industrial enterprises, petroleum extraction and refining, metallurgy, aluminum processing, petrochemicals, chemical production are located in the city and its satellites. Baku is also strong in services including banks, hotels & restaurants and logistics. Sumgayit-s production is concentrated on chemical and petrochemical production, textiles, and aluminum smelting; Ganja is the home to an aluminum refinery and also specializes in textiles, machine building and metallurgy.

* The data and statistics here are reproduced from the following UN source:​