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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 COVID-19-induced recession meant it was vital for governments around the world to work hard toꦉ counteract the wide-ranging effects of the pandemic. While private investments may have suffered from the uncertainty of the pandꦑemic, ...
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The Emerging Europe region, as covered by the scope of ﷺthis report, consists of Russia, Turkey, Emerging Europe, Romania, Czechia and Hungary. All of these countries are strategically important to transportation in the region, thouꦉgh ...
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