Location map
author: OCHA/ ReliefWeb

- Southwestern Asia, bordering the Caspian Sea, with a small European portion north of the Caucasus range.
- Neighbours: Turkey, Armenia, Georgia, Russia, Iran.

- dry, semiarid steppe.

Natural hazards:
- droughts.

Macro indicators (* 2018 estimates)
GDP*:39.66EUR billion

Currency: Manat
Code: AZN
Since: 2006

Exchange rates at December 31st:

1 EUR = 1.9468 AZN (2018)
1 EUR = 2.0307 AZN (2017)
1 EUR = 1.8644 AZN (2016)
1 EUR = 1.7046 AZN (2015)
1 EUR = 0.9522 AZN (2014)
1 EUR = 1.0780 AZN (2013)
1 EUR = 1.0377 AZN (2012)
1 EUR = 1.0178 AZN (2011)
1 EUR = 1.0560 AZN (2010)




Azerbaijan 1Q2019 Insurance Companies Ranking

Azerbaijan 1Q2019 Market Portfolio

See all statistics

Latest news

AZERBAIJAN: The market grew by 2% y-o-y in Jan-Feb

According to The Financial Market Supervisory Authority of Azerbaijan, total market GWP in January-February amounted to AZN 132.82 million (~EUR 68.69 million), 2.05% more y-o-y. Total paid claims dropped by 18.2%, to AZN 33.12 million (~EUR 17.13 million), Trend News Agency reports.

AZERBAIJAN: the Compulsory Insurance Bureau has made new appointments

The Board of Trustees for the Compulsory Insurance Bureau of Azerbaijan (ISB) has new appointments. Azer ALIYEV has been appointed Chairman of the Board of Trustees, replacing Lana GOZALOVA, first deputy chairman of the AXA Mbask Insurance Company in this position, Trend wrote.

AZERBAIJAN: temporary administration institution established in insurance

The presidential decree of Ilham ALIYEV on amending the Law on insurance activity provides for the right of the Financial Market Supervisory Authority of Azerbaijan to introduce temporary administrators in Azeri insurance companies or dismiss their top management from duty, as the news agency Trend wrote.

AZERBAIJAN: Azer ALIYEV re-heads Azerbaijan Insurers Association

Azer ALIYEV has been appointed the new chairman of the Azerbaijan Insurers Association (ASA). Association's ex-chair Mustafa ABBASBEYLIi has been assigned advisor to Labor & Social Protection Minister Sahil BABAYEV, as analytical and news agency FINEKO and ABC.AZ wrote.