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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 Polish insurance market was ranked 12th in the European Union in 2014, according to that year’s gross written premium (GWP). This indicator has been declining since 2012, alongside the sector's share in Poland's GDP – which dropped ...
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Turkey ranks 28th in global mining production and is 10th in the world in terms of variety of underground resources. The country possesses 2.5% of global industrial mineral reserves and 0.4% of world's metallic mineral reserves. It has large amounts ...
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China's healthcare system is hospital-centric, with public hospitals delivering approximately 90% of the inpatient and outpatient care consumed in the country today in both hospitals and basic medical institutions. Nearly 40% of hospitals’ ...
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Construction is one of the most important sectors in the Czech Republic’s economy, generating about 5.6% of the economy’s total gross value added (GVA) 2015. Real estate activities generated about 8.1% of total GVA in 2015. The ...
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There were 19,951 textile enterprises in China at the end of May 2016. The cotton, linen and wool subsectors are consolidated to a great extent, but the chemical fibre subsector is still highly fragmented, although there is an undisputed leader in ...
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Construction has always been a favoured tool of the Chinese authorities for stimulating the economy and its development closely reflects that of GDP. After the global financial crisis of 2008, a government stimulus package of RMB 4tn was used for ...
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Food manufacturing is one of the most important sectors of China’s economy, as it provides sustenance to almost 20% of the world’s population. The industry also provides an impetus for the development of related sectors such as ...
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With a population of some 257 million, Indonesia is the world’s fourth-most populous country and the largest economy in the ASEAN region. The food and beverage sector employs over 4.5 million and is the largest in the manufacturing industry. ...
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The Hungarian agricultural sector is relatively small, accounting in 2015 for only 1.9% of the agricultural output of the European Union. The country was the sixth largest producer of industrial crops in the EU that year. The sector contributed ...
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The automotive industry has been one of Argentina’s most dynamic since the recovery of the domestic economy from 2003 onwards. Between 2003 and 2011, the production of motor vehicles expanded at a robust CAGR of 21.9%. However, since then the ...
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