Azerbaycan Dövlət İqtisad Universiteti / UNEC (I korpus) (Baku)
65, 31, 37, 18, Ekspres M2 (223 meters (distance in meters))
6, 77, 53, 10, 205 (282 meters (distance in meters))
Həzi Aslanov-İçəri Şəhər, Həzi Aslanov-İçəri Şəhər (289 meters (distance in meters))
Ekspres M2A (375 meters (distance in meters))
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UNEC (Azerbaijan State University of Economics) is one of the largest universities in Azerbaijan, specializing in economics, business, and management. It is located in Baku and has branches in Zagatala and Derbent.
It is ranked in the QS World University Rankings (positions 1001–1200 globally, 221–230 in Eastern Europe and Central Asia).
UNEC also ranks 2nd–3rd among Azerbaijani universities in the UI GreenMetric for environmental sustainability.
The university actively participates in scientific projects and international programs such as Erasmus+, Fulbright, Socrates, UN, and the World Bank.History:
Founded on June 19, 1930, originally as Baku Trade Institute. Formerly known as Azerbaijan Institute of National Economy.Team:
About 1000 faculty members.
Rector - Professor Adalat Muradov
Vice-Rectors and Advisors
Musaev Garay Chimshud oglu — Vice-Rector for Academic Affairs
Rzayev Rovnag Mirza oglu — Vice-Rector for Science and Innovation
Hasanov Huseyn Mustafa oglu — Vice-Rector for International Relations and Programs
Askarov Shaig Akhad oglu — Vice-Rector for Administrative and Organizational Affairs
Gyandilova Saadat Tagi qizi — Vice-Rector for Student Affairs
Ismayilov Nasimi Zakir oglu — Vice-Rector for Economic Affairs
Bagirzade Elshan Rasul oglu — Rector’s Advisor
Mustafayeva Arabiya Envar qizi — Scientific Secretary
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Academic Programs
• Bachelor's, Master's, and PhD programs in economics, business, and management.
• Taught in Azerbaijani, Russian, English, and Turkish.
• Dual degree options with foreign universities (London, Montpellier, etc.).Special Centers & Incubators
• Lifelong Education Center: Courses in personal development, soft skills, management, digital trade, cryptocurrency for individuals and companies.
• Innovative Business Incubator: Supports startups and helps with business planning and launch.Online Solutions
• UNEC mobile app (iOS & Android): news, EDUMAN system, library access, personal dashboard.
• e-University / e-Governance: Online lectures, testing, exams, e-resources, and 24/7 library access.International Collaboration
• Faculty exchange via the Mevlana program in Turkey.
• Participation in Erasmus+, Horizon-2020, DAAD, and other projects; partnerships with universities across Europe, the US, and Asia.Infrastructure
• 24/7 library with access to Oxford, Cambridge, JSTOR, Web of Science, and more.
• Inclusion Education Center for students with special needs.
• Active student life with clubs, events, and participation in conferences and exhibitions. -
Educational and Infrastructure Investments
• Development of virtual learning platforms: Microsoft Business Solutions trainings, a virtual stock exchange, virtual bank, and other labs for student practice.
• Investments in infrastructure: academic buildings, classrooms, modern gyms, and a swimming pool.Innovation and Entrepreneurship
• Launched an Innovative Business Incubator to support startups and engage faculty in innovation projects.
• Running the project “Skills for the Future” — training programs for students and faculty, including mentoring and startup incubation.International Educational Projects
• Participates in Erasmus+ KA2 (REFRESH) and Jean Monnet (DIGISHIP) for courses on green economy and digital entrepreneurship in partnership with European universities.
• Organizes COP29 simulation events in collaboration with other universities to train students on climate issues.Scientific Research
• Announces grant competitions to support research under the national development program “Azerbaijan 2030.”Business Partnerships
• Signed cooperation agreements with companies like European Tobacco, Azəriqazbank, Azersun Holding, and others.
• Organizes seminars and internships for students with investment companies (e.g., AzFinance).
• Implements training programs in project management for students and faculty in partnership with BP. -
UNEC embraces social responsibility through sustainability projects, academic social work programs, and partnerships with government bodies. By integrating science, education, and practice, the university contributes meaningfully to social welfare and sustainable development.
Center for Sustainability
• Established to promote sustainable development in environmental, social, and economic spheres.
• Works on reducing the university’s carbon footprint, efficient resource use, and promoting ethics in education and research.
• Engages students, faculty, and partners — including other universities, government institutions, and businesses — in joint initiatives, training, and sustainability-focused projects.Social Work Program and Government Partnerships
• UNEC’s Faculty of Social Work trains professionals to support vulnerable groups (low-income families, children, the elderly).
• On December 28, 2023, UNEC signed a memorandum with the Social Services Agency under the Ministry of Labor to formalize cooperation in training and research in social protection.Educational, Research, and Community Activities
• UNEC integrates sustainability, inclusion, and social support themes across academic curricula and research.
• Activities include public forums, workshops, and training on social protection, ecology, and sustainable development. -
On July 14, 2025, UNEC and Coca-Cola Azerbaijan signed a memorandum of cooperation:
• The goal is to equip students with practical skills and experience.
• The partnership includes masterclasses by Coca-Cola experts, internship programs, and joint educational projects.On June 19, 2025, Azerbaijan State University of Economics (UNEC) celebrated its 95th anniversary.
Participants honored the memory of Heydar Aliyev before the ceremony.
Rector Adalat Muradov delivered a speech highlighting achievements over the past decade:
• Launch of the Digital University model
• Joint AI integration projects with international experts
• Advancement in the QS World University Rankings (ranked 801–850 globally)Notable speakers at the event included:
• Isa Habibbeyli, President of ANAS
• Anar Iskenderov, MP
• Vugar Gulmammadov, Chairman of the Chamber of Accounts (noted that 55% of its staff are UNEC alumni)
• Sahib Mammadov, Chairman of the Confederation of Trade Unions
• Ziyad Samadzade, academicianUNEC was recognized as a leading institution producing highly qualified professionals and contributing to the country’s economy and societal development.
The ceremony concluded with the performance of the UNEC anthem.