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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.
Alongside developing renewable energy projects in line with plans to reduce the share of coal power in the country’s generation mix, the government is working to reform the thermal power sector and make coal-fuelled plants more efficient and ...
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The automotive sector in Romania experienced significant growth since the privatisation of Dacia in 1999 and became a key pillar of the economy. According to Oxford Economics data, the automotive sector generated 9.5% of the manufacturing value added ...
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The rapid economic growth and the rising earnings in Romania are fuelling consumer confidence and spending. This, coupled with supportive policy measures from the government in the form of VAT cuts, is having a significant positive impact on the ...
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Despite the emergence of new global suppliers, China remains a major power in the field of textiles. The country is a global leader in the production and exports of cotton textiles, accounting for 36.7% of the global exports of cotton textiles and ...
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China is the world’s second largest pharmaceutical market after the US and the largest producer and exporter of active pharmaceutical ingredients (APIs) globally. Since it is the world’s most populous country, with a large share of ageing ...
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China’s transportation sector is almost entirely run by state-owned corporations, as its development is viewed as a major driver for the country’s economic growth. In the railways subsector, there was extensive construction of new ...
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At the end of 2016 there were 163 insurance institutions operating in the People’s Republic of China, of which roughly 30% were foreign-funded or joint ventures. Traditional insurance subsectors, such as life insurance and property insurance, ...
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The banks, which represent 81% of the Turkish financial system by assets, are vital to the financial stability in the country. The local non-bank financial market is underdeveloped and the institutions operating in the segment are small, when ...
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Thailand has one of the largest insurance markets in the ASEAN region, ranking second (after Singapore). Thailand’s insurance sector consists of both local and foreign companies, with local companies possessing a greater share of the market. ...
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The beverages industry is among the most important sectors of the Polish economy, according to our estimates, responsible for around 3% of GDP and a major provider of jobs. The alcoholic beverages Subsector alone generates more than 300,000 jobs. ...
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