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.
Poland’s banking sector is well capitalised and non-volatile, relying mostly on traditional products. Even though Poland remains significantly underbanked compared to EU standards, the country’s banking sector plays a very important role ...
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Agriculture traditionally plays an important role in Turkey’s economy generating slightly over 6% of the country’s gross domestic product (GDP) and providing employment for nearly a quarter of the total workforce. Agriculture is the ...
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China’s output of crude steel and steel products climbed by 3.1% y/y to 505.3mn tonnes in Q3 2016, encouraged by rising steel product prices. Prices on the domestic market have been climbing since March 2016, exceeding the average 2015 level in ...
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China is the largest alcoholic beverages producer and consumer in the world, consuming one-third of the world’s spirits and a quarter of the world’s beer. Its beer production ranked first in the world for 14 consecutive years and the ...
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The mining sector plays a key role in Brazilian economy, accounting for 12% of national exports and for more than 5% of the net FDI equity capital inflow in 2015. Despite the deep recession in the country during the year, marked by a 3.8% y/y drop in ...
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Since Turkey does not have abundant oil and gas reserves, the country is importing the bulk of fuels needed to support its rapidly expanding economy. The government is trying to gain maximum advantage from the country’s strategic geographic ...
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Russia is a major agricultural producer with strong positions in the crops segment. It is the third largest wheat producer in the world and the largest barley and oats producer. The agricultural sector accounted for 4% of GDP in 2015 and its growth ...
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The Indian oil and gas sector has traditionally been dominated by large public sector undertakings (PSUs), which continue to have very high market shares in the upstream, midstream, and downstream crude oil and natural gas businesses. Oil and natural ...
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In Poland, “metallic and non-metallic minerals mining” – also known as “non-coal mining” or “other mining,” ...
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The Philippines is an agrarian country, with half of its population living in the rural areas and being engaged in farming. Agriculture and forestry contributed some 8.8% to the national GDP on its own, and some 10.3% if fisheries are included, ...
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