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.
Hungary is one of the net importers of electricity in Central East Europe (CEE), with a net import deficit of around HUF 144bn as of 2016. The country is increasingly dependent on electricity imports as its generating capacities are in decline as a ...
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The food sector is strategic for China’s economy as it provides sustenance to almost 20% of the world’s population and serves as an impetus for many other sectors like agriculture, transportation, machinery and vehicle manufacturing, and ...
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The Chinese automotive sector’s y/y growth sped up in the second half of 2016, improving on an already strong performance in the first half of the year. Sales revenue reached RMB 8,019bn in 2016, up by 14.1% y/y, while total profit grew at a ...
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China’s communication equipment industry can be broadly divided into communication terminal equipment, including mobile and fixed-line handsets, and communication station equipment subsectors. The industry is on a rapid growth path with sales ...
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The pharmaceutical sector in the Czech Republic generated a gross value added (GVA) of CZK 18.9bn in 2016, up by 8.2% y/y in real terms. It accounted for 0.44% of the total GVA in the economy in 2016. The sector employed 9,438 workers. Total ...
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The textile sector is one of the key pillars of the Chinese industry. The country has very strong traditions in all segments and, despite the emergence of new global suppliers, it remains a major power in the field of textiles. The domestic market, ...
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China is the world’s second-largest retail market and a global leader in e-commerce. Despite the slowdown of China’s economy, the sector offers bright prospects, particularly due to the rising spending power of Chinese consumers. In 2016, ...
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The development of China’s automotive, construction, medical, and footwear industries has been the major driver for rubber demand. The sector’s leading products are tyres, which accounted for more than half of the revenue in 2015 and 68% ...
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China is the world’s largest producer of paper and paperboard, with a production volume of 123.2mn tonnes in 2016. The sector accounts for 0.5% of China’s total fixed asset investment and 1.4% of its industrial employment. The paper ...
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Chile’s banking sector is one of the most developed and competitive in Latin America. It is deep, solvent and highly integrated with the global economy. Despite more subdued economic growth since 2014, provoked mainly by a drop in international ...
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