The main synthetic approaches for the preparation of porphyrazines are outlined. In addition, some structural and spectroscopic properties, especially the UV-vis absorption profiles emanating from their peripheral functionalization, the modification of the tetraazaporphyrin skeleton or the arrangement of macrocycles in a supramolecular manner, are discussed. Cyclotetramerization of appropriate dinitrile derivatives or modification of peripheral substituents on porphyrazines constitute the main synthetic routes. Moreover, the use of special templates, as well as different intermediates or nonpyrrolic precursors, are tools for the attainment of azaporphyrin analogues of distinct nature and unusual characteristics.