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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-ins♋urers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Hungarian agricultural output amounted to HUF 2,594.7bn in 2017, up by 0.3% y/y. In volume terms the output shrank by 4.1% y/y, as unfavourable weather conditions affected crop production, which made up 58% of the♐ sector’s overall output value ...
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Physical retail in Thailand is st💞ill growing, in contrast to the situati♔on in many developed countries, which has triggered ruminations about a possible “retail apocalypse.” Thailand remains a growing, upper-middle income country, and ...
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Generating some 14% of Russia’s GDP and employing over 13mn people, the retail sector is a significant d🌺river of the country’s economy. In 2018,♚ retail trade turnover increased by 6.2% y/y in value terms and by 2.8% y/y in ...
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In Q2 2019, insurance remained one of the few industrᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚies to enjoy dynamic development in China amid an overall economic slowdown. The total premium income of the sector rose by 11.2% y/y to RMB 🌸921.5bn during the quarter, of which ...
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Brazil ranked third globally in 2018 in terms of installed capacity from renewable energy sources, afterꩲ only China and the United States. It is first by installed biomass capacity, second in terms of hydropower capacity, and eighth regarding wind ...
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The min🥀ing industry is of strategic importance to the Russian economy, contributing about 12% to the GDP, providing jobs to 1.1mn people and contributing a third to government revenues. Since Russia hosts one of the world’s largest .🦹..
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R🐟omania is E🥃U’s third largest natural gas and the fifth largest crude oil producer. The crude oil and natural gas production value came in at RON 17.8bn in 2018, or 19% of the country’s GDP at current prices. The sector provided ...
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In 2018, Chile consolidated its posi🐎tions as the world’s leading copper mine producer, with a 28% s𝐆hare in global output; its second-biggest molybdenum miner, with 22.2%; and its fifth-largest producer of silver, with 5.5%. The country also ...
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The food and beverage industry is the largest manufacturing sector in Brazil, accounting for about a quarter of its value added and for 2.4% of the country’s GDP in 2018, according to the Brazilian Association of Food Industri𒅌es (ABIA). ...
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Construction is the second largest economic activity in India 𒀰and contributes 8% to the total gross value added. Construction sector employs more than 51mn workers, making it the second largest employer in 🍌the country. Large employability in the ...
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