Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Sunday, October 21, 2018

Azerbaijan to hold F1 Grand Prix in Baku in 2016

Azerbaijan recently signed an agreement to hold a Formula One Grand Prix race in the capital of Baku in 2016.

The agreement, signed between the Azerbaijan Youth and Sports Ministry and Formula One head Bernie Ecclestone, paves the way for the European Grand Prix race to take place on the streets of Baku one year after the first 2015 European Games in Baku, AzerNews reports.

Azerbaijan will become the second country in the former Soviet Union after Russia that will host the Formula One Grand Prix.

The F1 is a series of races known as Grands Prix held internationally on various circuits and roads. The winners of each race are determined using a points-based system in which both drivers and constructors are recognized in two separate categories, according to AzerNews.

The championship calendar currently consists of 19 stages, but the number is expected to rise to 22 in the future.