AZERBAIJAN: the United Agricultural Insurance company registered

2 September 2020 — Marina MAGNAVAL
The United Agricultural Insurance company has been registered by the State Tax Service under the Azerbaijani Ministry of Economy, as Trend reports citing the Ministry.

The size of the company's charter capital is about AZN 2.19 million (~EUR 1 million*). The United Agricultural Insurance company will function as the managing organization of the Agricultural insurance Fund under the Ministry of Agriculture.

Seven insurance companies of Azerbaijan - PASHA Sigorta, Qala Sigorta, Mega Sigorta, Azrbaycan Sigorta, Xalq Sigorta, Azrbaycan Sigorta and Baki Sigorta are the shareholders of the United Agricultural Insurance company.

* for the following exchange rate:
1 EUR = 2.0382 AZN (September 1st, 2020)

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