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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 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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In 2019, Chile consolidated its position as the world’s leading copper mine producer, with a 28% share in global output; the second biggest molybdenum miner, with 19.8%; and the seventh largest producer of silver, with 5.1%. The ...
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The Russian transportation sector generates about 6% of the country’s GDP but its indirect contribution is much larger, as economic opportunities are increasingly related to the mobility of people and freight, including information ...
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The F&B sector is one of the high-potential industries in Malaysia, according to the Department of Statistics Malaysia (DOSM). Factors contributing to the industry expansion are economic development, evolution of needs ...
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Agriculture is one of the most important sectors and the main source of hard currency for the Russian economy. The sector of agriculture, hunting, forestry and fishery accounted for 3.4% of the country’s total GVA in 2019, while ...
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