Azerbaijan State University of Economics (UNEC), which was founded in 1930, is one of the largest higher education institutions in the Southern Caucasus. There are 13 faculties operating at UNEC with around 20.000 students studying on 20 specialties. More than one thousand teachers, as well as 80 professors and 314 assistant professors among whom figure actual members of the National Academy of Sciences, New-York academy of Sciences, laureates of State Awards, honored teachers and scientists work at the University. More than 850 students from 12 countries study bachelor and master’s degrees at UNEC.
UNEC undertakes the principle of internationalization of education as a key priority in its agenda refers to a comprehensive institutional transformation process which aims to integrate international and intercultural dimensions in its mission and the substantive functions of higher education institutions with UNEC. Simultaneously, UNEC is more exhilarated to strengthen collaboration and ties between foreign institutions as a basic and fundamental precedence to attain the internationalization of education in its system.
Partnerships/Joint double diploma programs
- Joint degree programs-London School of Economics (LSE), Montpellier University (France), UBIS (Switzerland), Mykolas Romeris University(Lithuania)
- Exchange programs- The University of Leicester, University of Siegen, Woosung University, Solbridge International School of Business.
Up to date, UNEC has flexibly conducted internationalization of education through different mobility programs including Non-Erasmus Programs, Erasmus+ Exchange Programs, and Mevlana Exchange Programs so that UNEC offers the valuable opportunities for students to study abroad through different exchange programs. Students are able to opt for the country and university of their own choice on the offered places. Students can apply for universities offered via the mobility programs based on their majors.
The mobility program for UNEC primarily means the exchange of ideas, expertise, as well as knowledge among students participating at different higher institutions. UNEC as the dynamic institution of its kind is more delving into a variety of methods to all academic matters with the cutting edge research on a wide range of specific areas based on teaching process and training of personnel is in conformity with the European educational system. Therefore, through mobility programs, UNEC not only is going to bring out the western educational practices and know-how to its system but also is more ecstatic about growing a number of foreign students and teaching staff coming through this program. UNEC Business Incubator has been functioning for over 4 years providing and support to students with creative ideas-successfully. They assisted with 14 startups and around 20 projects are presented per year.
Baku, capital of Azerbaijan Republic is located at the joint of Europe and Asia. The capital’s name itself is interpreted as a “wind blow”, “city of winds” or “hill”, “city on the hill”. Baku with ancient history, natural and geographical conditions, abundant surface and underground resources, favorable climate, international transportation centers, modern and strong infrastructure and developed economy becomes one of the most beautiful capital cities of the region with its considerable strategic importance, as well as urban culture, modernity and beauty. Baku is the largest commercial, cultural and scientific center in the Caucasus region, and the largest port on the Caspian Sea.
The existence of petroleum in Baku has been known since the 8th century. Fifty years before the battle, Baku (was producing) produced half of the world's oil supply. Currently, Baku is still one of the world's leading oil producer countries. Today the oil economy of Baku is undergoing a resurgence, with the development of the massive Azeri-Chirag-Gunashli field (Shallow water Gunashli by SOCAR, deeper areas by a consortium led by BP), development of the Shah Deniz gas field, the expansion of the Sangachal Terminal and the construction of the BTC Pipeline.
Besides the being an oil exporter Baku is the largest industrial center. It is the place of concentration of ancient oil fields, well-known Oil Stones, unique plant of deep water foundations, high-capacity derrick barges, and modern drilling floating units. It is also famous for developed oil refineries, petrochemical, chemical, light, food, engineering branches of industry, oil equipment production, building materials, instrumentation, electrical engineering and radio electronics, shipbuilding. Baku is a large rail junction and port terminal in the Caspian Sea.
The Baku Stock Exchange is Azerbaijan's largest stock exchange, and largest in the Caucasian region by market capitalization. A relatively large number of transnational companies are headquartered in Baku.
Urban development of the city did not differ from other cities in the world. Urbanization and industrialization of Baku have helped to create social class structures that are similar in all large cities. The most dynamic region in Azerbaijan can also be at the forefront of a global social transformation for a prosperous, inclusive and sustainable future for all by harnessing the potential of its people, the region. An everyday residential street on the northwestern outskirts of the city with a view of the first residential high-rise buildings at the beginning of the downtown. Baku make headlines and was able to get international attention that was good enough for business elites.
Baku is the largest cultural center of Azerbaijan with its national theatre, the first in Muslim East, lifted the curtain, the first opera was performed, the first Azerbaijan newspaper was published, the first Azerbaijan library was opened. Today Baku is known to have 30 museums, 7 theatres, 11 institutions of higher education, philharmonic, opera theatre, film studio, cinema theaters and libraries housed in the city’s most beautiful buildings having an interior decoration which is every bit as good as their interior cultural content.
The most magnificent and mysterious landmark in Baku and in Icheri Sheher is the Maiden Tower, or Gyz Galasi in Azerbaijani. Because of its unique shape and design, Maiden Tower has become the unofficial symbol of Baku. The Maiden Tower (Azerbaijani: Qız qalası) is a 12th-century monument in the Old City, Baku, Azerbaijan. Along with the Shirvanshahs' Palace, dated to the 15th century, it forms a group of historic monuments listed in 2001 under the UNESCO World Heritage List of Historical Monuments as cultural property, Category III.
The Maiden Tower houses a museum, which presents the story of historic evolution of the Baku city. It also has a gift shop. The view from the roof takes in the alleys and minarets of the Old City, the Baku Boulevard, the De Gaulle house and a wide vista of the Baku Bay. In recent years, the brazier on the top has been lit during the nights of the Novruz festival.
Sometimes called the Old Town or the Inner City, Icheri Sheher is a unique historical ensemble right in the center of Baku, at the heart of the city. Ancient Baku was founded where Icheri Sheher is today, which used to be right on the shores of the Caspian Sea. The buildings are built out of limestone, cut locally and polished to a smooth surface, so most of the buildings share the same colors, and the roads are narrow and winding, making Icheri Sheher feel a bit like a maze.
Icheri Sheher is the oldest inhabited part of Baku. It was declared a historical and cultural reserve in 1977, and was included in the UNESCO World Heritage List in 2000. Three sides are surrounded by a thick fortress wall, with one side open to the Caspian Sea. Originally, there were two fortress walls to protect Baku, plus a wall between the sea and the city, though the outer wall has since been destroyed, and even the inner wall has fallen away in some parts.
Many buildings inside Icheri Sheher have survived to this day, though some have been destroyed and rebuilt. People still live in Icheri Sheher to this day, and about 3,000 people total call Baku’s Old City home.
Flame Towers (Azerbaijani: Alov qüllələri) is a trio of skyscrapers in Baku, Azerbaijan, the height of the tallest tower is 182 m (597 ft). (There are some taller towers in Baku, but they do not have rooms inside all the way up, so are not considered skyscrapers.) Towers representing flames symbolize fire as a sign of Ahura Mazda in Zoroastrianism by Azerbaijanies and Azerbaijan as a birthplace for the prophet Zoroaster.
The Flame Towers consist of three buildings: South, East and West. The facades of the three Flame Towers function as large display screens with the use of more than 10,000 high-power LED luminaires, supplied by the Osram subsidiary Traxon Technologies and Vetas Electric Lighting. 
The Heydar Aliyev Center is a 57,500 m2 (619,000 sq ft) building complex in Baku, Azerbaijan designed by Iraqi-British architect Zaha Hadid and noted for its distinctive architecture and flowing, curved style that eschews sharp angles. The center is named after Heydar Aliyev, the first secretary of Soviet Azerbaijan from 1969 to 1982, and president of Azerbaijan Republic from October 1993 to October 2003.
In 2007, Zaha Hadid was appointed as the design architect of the Center after a competition. The Center houses a conference hall (auditorium), a gallery hall and a museum. 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.