President of Azerbaijan Ilham Aliyev signed an order on establishing the Organizing Committee for 2015 World Chess Cup and 2016 World Chess Olympiad.
The Organizing Committee is chaired by the Deputy Prime Minister of Azerbaijan, Yaqub Eyyubov, and includes twelve heads of ministries and departments, head of the Baku City, and two Vice Presidents of Azerbaijan Chess Federation.
The Chess Federation of Azerbaijan provided the astounding 13,3 million EUR for the 2016 Chess Olympiad budget and another 2,2 million EUR for the 2015 World Cup.
In June 2015 Baku will also hold the first ever European Olympic Games, a new multi-sport competition. So far it is unknown whether FIDE or Azerbaijan authorities have made any attempts to include chess into the Games. Chess was a regular sport in the Asian Games in 2006 and 2010, but is dropped from the program for 2014.