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 strategic location of Poland at the heart of Europe creates vast opportunities for development of the transportation sector. In 2017 the sector accounted for 6% of the country’s GDP, generating 6.5% of all employment in Poland. Moreover, ...
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The automotive industry in Russia has a relatively small share in the country’s economy and employment. The sector generates less than 1% of Russia’s gross domestic product (GDP) and provides employment to about 600,000 people, or less ...
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Indonesia’s pharmaceutical and healthcare sector is under-developed compared to many other countries in the Association of Southeast Asian Nations (ASEAN). Indonesia has one of the fewest physicians and hospital beds per 1,000 population in the ...
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In the third quarter of 2018, the revenue of China’s rubber products sector contracted by 33.4% y/y to RMB 158bn, as a result of the falling sales volumes of rubber products. In this period, the sales revenue of the largest subsector, tyres, ...
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In the third quarter of 2018, the revenue of China’s ferrous metal smelting and pressing sector rose by 15.1% y/y, reaching nearly RMB 1.7bn, as a result of higher selling prices and sales volumes of steel products. In this period, the sales ...
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Turkey has insignificant oil and gas reserves and imports more than 90% of the energy resources that its fast-growing economy needs. The government has initiated a number of projects to enhance exploration of both onshore and offshore blocks in order ...
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Russia is a major producer and exporter of oil and natural gas. According to BP, the country holds the world’s largest proven natural gas reserves (18.1% of the total) and ranks sixth in terms of crude oil reserves (6.4% of the total). The ...
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China, with its huge manufacturing sector, is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country also ranks as the biggest producer of iron, aluminium, lead and zinc in the ...
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China, with its huge manufacturing sector, is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country also ranks as the biggest producer of iron, aluminium, lead and zinc in the ...
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Brazil’s 208mn population has given rise to a sizeable healthcare sector and to the sixth largest pharmaceutical market in the world. In 2017, retail drug sales, based on pharmacy purchase price (PPP), rose by 11.7% y/y to BRL 56.8bn, supported ...
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