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

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Latest news

AZERBAIJANI insurance firm's license suspended

The license of Azerbaijan's Progress Insurance Agency CJSC has been suspended for one month, the Financial Market Supervisory Authority of Azerbaijan (FIMSA) said in a message Dec. 4.

AZERBAIJAN's PASHA Bank talks expansion plans

Azerbaijan's PASHA Bank does not plan to open new branches abroad in the next three years, Taleh Kazimov, chairman of the bank's board, told reporters in Baku Oct. 17.

AZERBAIJAN's Bureau of Compulsory Insurance may switch to self-regulatory mechanism

The Bureau of Compulsory Insurance (ISB) proposes the introduction of a new regulatory mechanism. As it was said in the bureau's report on the results of activity in the first half of the year, the coordinated activity of the actors operating in this sphere creates the conditions for reaching a new level of the quality of relations.

AZERBAIJAN may introduce Europrotocol

The Bureau of Compulsory Insurance (ISB) of Azerbaijan has decided on the tasks for the near future with the aim of ensuring quality in the insurance market. Bureau's report on the results of activity in the first half of 2017 says that Azerbaijan does not have industry standards for determining the amount of damage in the sphere of civil liability insurance for motor vehicle owners.