AZ TR RU EN
»Make my homepage »Add to favorites »Add to website »Archive
Mainpage Photo Gallery Vıdeo Gallery Contact
   
LAST MINUTE : 26 years pass since successful Horadiz operation of Azerbaijani army  •   Jankauskas: Conclusion of new agreement with Azerbaijan remains among top priorities for EU  •   Turkey’s trade with Azerbaijan up  •   Azerbaijani, Iranian FMs discuss regional situation over phone  •   394 candidates for MP registered in Azerbaijan  •   Azerbaijani weightlifter crowned European champion  •   Azerbaijan, Russia sign three documents  •   UN Secretary General informed about Armenia’s policy of genocide against Azerbaijanis and glorification of Nazis  •   Azerbaijan`s Defense Ministry: Armenian armed units violated ceasefire 22 times  •   Defense ministry clarifies issue of joint military exercises among Azerbaijan, Turkey and Qatar  •   Armenian delegation makes provocation at UNESCO meeting in Paris  •   Azerbaijan, Japan hold political consultations  •   From illusions in Armenia to reality: summary notes of Azerbaijani journalist  •   Political provocation of Armenian MPs once again suppressed in Sofia  •   Energy minister: US always renders support for Azerbaijan’s energy initiatives  •   Foreigners now able to get work permits in Azerbaijan even faster  •   Azerbaijan`s Defense Ministry: Armenian armed units violated ceasefire 22 times  •   Russia, Azerbaijan to exchange tax-related information  •   Azerbaijan introduces new application rules for temporary residence permit  •   Jewish Journal: Delegation of Karabakh Survivors Embraced in Los Angeles  •  
News World Latest News Economics Politics Diaspora Sport Culture
» Azerbaijan signs 10-year-contract for holding Formula-1
08/02/2016 Yazdır

Azerbaijan has signed a contract for holding the Formula-1 European Grand Prix for 10 years, Azad Rahimov, Azerbaijani minister of youth and sports, told reporters Feb. 8.

The minister added that if Azerbaijan within five years takes a decision not to hold this competition, the country will be fined.

Rahimov added that at its own wish Azerbaijan can either continue or suspend holding the competition for the next five years of the ten-year contract.

"But this competition must be held for the first five years,” he said. “The budget for the Formula 1 European Grand Prix is still $12 million. It consists of fees and organizational costs. The full information will be disclosed later."

Azerbaijan will for the first time host the Formula 1 European Grand Prix. The competition will start on June 19 at 18:00 (UTC/GMT +4 hours).