The objective of the hereby paper is shaping the strategy of socio-economic development of the municipality in the economic region Absheron of Azerbaijan Republic. When formulating socio-economic development strategy individuals (municipality) come from the principle of consistency with the strategic objectives and directions of the development of the region’s (municipalities) objectives and priorities. The paper analyses the successful regional development periods in the regions of the Republic of Azerbaijan. The performed research also allowed for the identification - development strategy is the communicative process, which is necessary to involve all-important subjects, and are having to discuss their own position on the strategic development of the region or municipality.
