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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Poland has a developed and diversified chemical industry, which was the eighth-largest one in the EU in 2018. The country is also the home of one of the leading producers of fertilisers, plasticisers, polyeolfins, polystyrene and soda in Europe, ...
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In Q3 FY2020, the production of crude steel in India declined slightly, by 1.5% y/y. At the same time, it rose by 0.5% q/q. The Steel Authority of India (SAIL) accounted for the largest individual share of crude steel production, at 14.8%. Jindal ...
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In the fourth quarter of 2019, China’s production volume of active pharmaceutical ingredients (API) declined by 12.7% y/y to 633,000 tonnes, mainly due to the environment-driven production cuts. The decline in output dragged down the ...
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In the fourth quarter of 2019, China’s air transportation sector witnessed an overall positive performance on the back of the stable air passenger travel demand and the positive developments in the US-China trade war negotiations, which drove ...
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The mining sector is an important contributor to the Indian economy. India produces 95 minerals, including 4 fuel, 10 metallic, 23 non-metallic, 3 atomic, and 55 minor minerals. Although the mining and quarrying sector contributes just 2.4% of the ...
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Brazil has rich mineral resources, making it a relevant player in the global mining industry. The country ended 2018 with the world’s largest niobium reserves (80% of the total) and ranking second in terms of tantalum reserves (31%), iron ore ...
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In Q3 FY2020, the automotive output volume in India reached 6.31mn units. This performance was well below the average production volume of the preceding six quarters (Q1 FY2018 to Q2 FY2020) which averaged at 7.56mn units. On a quarterly basis, ...
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India’s chemicals industry is highly diversified, covering more than 80,000 commercial products. It is broadly classified into basic chemicals, specialty chemicals and agrochemicals. Domestic chemical production is highly concentrated in the ...
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Turkey has small oil and gas reserves and relies on imports to fuel the growth of its economy. In order to secure the availability of energy the government participates in large international projects with oil and gas-rich neighbours such as ...
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The Russian insurance sector remains underdeveloped compared to global and even emerging market standards. The sector’s penetration, measured by the percentage of total premiums to GDP, stood at 1.53% in 2018, below the world average of 6.09% ...
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