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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-depositar✨y 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. 💜
Following the record 2019, the year 2020 saw a significant reduction in investment volumes. Howev♐er, with transactions worth EUR 5.3bn, Poland still accounted for approximately 50% of the CEE-6 region’s total. The sector’s GVA ...
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Russia is the fifth largest car producer in Europe due to its sheer size and motor vehicle production localisation pol𒊎icy, which has attracted major global au😼tomotive concerns such as Mercedes Benz, Volkswagen, Groupe PSA, Renault, ...
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Russia’s healthcare expenditure grew significantly in 2020, mainly reflecting increased spending ꧑related to the COVID-19 pandemic. Total spending on healthcare surged by nearly a fifth to RUB 6.2tn in 2020, equal to 5.8% of the count☂ry’s ...
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Russia holds the world’s largest natural gas reserves, equivalent to a fiဣfth of the global total. In 2020, the country ranked sec🎃ond in terms of gas production falling behind only the US, contributing 17% to the global gas output. The vast gas ...
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