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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.
The ICT sector in Russia generates slightly over 2% of the country’s GDP, with revenues from communications totalling RUB 1.9tn in 2019. Being one of the largest countries geographically and with a population of ...
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Food and beverage manufacturing is among the leading economic sectors in Mexico. In 2019, it accounted for 21% of total manufacturing output value and 4.5% of domestic GDP. The sector attracted USD 2.5bn in foreign ...
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Following the heavy toll the COVID-19 pandemic took on Chinese economy in early 2020, the situation improved in Q2 when market players managed to adjust to a new economic and market reality. The performance of ...
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Crude steel production recorded a major q/q decline of 37.2% in Q1 FY2021 as compared to a decline of 1.2% in the previous quarter. The production of steelmaker Rashtriya Ispat Nigam Ltd declined the most, by 53.5% q/q ...
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The production of industrial machinery and equipment is fundamental and crucial to nearly all heavy industries that drive the nation’s economic growth. ?Key sectors that are heavy consumers of machinery include agriculture, heavy ...
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In 2018, the Polish telecommunications sector was responsible for 1.9% of the country's GDP (vs. 2% in 2016), while the entire ICT sector accounted for 5.6% of GDP (vs. 4.9% in 2017) and employed around 220,000 people. The Polish telecom ...
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The Polish pharmaceutical market is the largest in Central Europe and the sixth largest in the EU. It is one of the strategic sectors of the Polish economy, contributing to 1.33% of GDP. It is made up of companies dealing in the production ...
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Poland’s insignificant oil and modest gas reserves mean that the country is heavily reliant on imports to meet the ever-growing demand. Polish production of crude oil accounted for only 3.5% of demand from refineries in 2019. Domestic ...
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Both the real estate and construction industries registered growth in 2019 with this positive dynamic being attributed to sustained demand from industries such as IT-BPM and offshore gaming, as well as infrastructure projects in the country ...
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The food and beverage sector in Russia takes a relatively small share in the economy but is a significant contributor to foreign trade deficit. In 2019, the sector’s gross value added (GVA) accounted for 3.4% of the country’s ...
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