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 relies on coal to meet 70% of its energy needs, which is the largest share among EU member countries. In recent years, however, the central European country has been pursuing a green agenda that will see a gradual decrease in the use of fossil ...
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Poland has long-established traditions in the mining industry and is a major metal processing country in Europe. It is Europe's seventh-largest steel producer and the second-largest refined copper producer. The sector encompasses various activities ...
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Turkey has the largest renewable energy-based power capacity in Emerging Europe. With an installed capacity of 56 GW, renewables contribute 54% of the country's total capacity and account for 42% of the overall generation mix. Hydropower is the ...
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The renewable energy (RE) sector in Emerging Europe* has seen stellar growth over the past few years on the back of supportive government policies as countries across the region seek to diversify their energy mix and most recently reduce their ...
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According to the Monthly Survey of Trade by Brazil's Statistics Office (IBGE), retail sales in Brazil increased by 2.4% y/y in volume terms in Q1 2023. Although the domestic economy did well in terms of overall economic activity, with GDP expanding ...
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Colombia ranks among Latin America's largest electric power markets thanks to its vast hydropower generation capacity as well as a large population which fosters consumption. Still, the country has a lot of room to growth due to its scarce ...
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The food and beverages manufacturing sector is of great importance for Brazil's employment, value added and foreign trade revenues. According to March 2023 estimates from the Brazilian Association of Food Industries (ABIA), the sector achieved ...
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Turkey's banking sector experienced solid growth in 2022, driven by strong demand for credit and an ultra-loose monetary policy, set against a backdrop of rampant inflation in the country. Leading Turkish banks have delivered stellar earnings growth ...
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