Azerbaijan has confirmed that it will host the European Grand Prix from 2016, after signing a deal with Bernie Ecclestone.
It was reported earlier in the year that a race around the streets of Baku could be held as early as 2015, but on Friday it was confirmed that the city will host the European Grand Prix, starting in 2016.
It will be the first time the European Grand Prix title has been used since Valencia in 2012.
The race will be based around Azadliq Square in the country's capital, close to the Caspian Sea.
"I am delighted to officially announce that we have signed a contract to bring Formula 1 racing to Baku in 2016," said Azerbaijan's Minister of Youth and Sport, Azad Rahimov.
"Our location at the crossroads of eastern Europe and western Asia is a new frontier for Formula 1 racing.
"Azerbaijan is a modern European country that has established a reputation as a centre of sporting excellence. The deal to bring Formula 1 racing to Baku is a very significant new chapter in our ongoing success to attract the world's largest sporting events to our country.
"Baku's 'Formula 1 Grand Prix of Europe' will be a spectacular addition to the Formula 1 calendar. The course that we are planning to design will be similar to leading street circuits already on the FIA Formula One World Championship calendar."