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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.
Much like the rest of the world, the countries from Emerging Europe* are increasingly turning towards renewable energy (RE) to diversify their energy mix, reduce greenhouse emissions, and thus achieve a sustainable economic growth model. ...
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Both transport and energy infrastructure in Russia are of great economic and political importance for the country, which helps to explain the strong government involvement witnessed in the sector. State-owned companies operate as natural ...
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The abundance of low-cost fossil fuels has predefined the low uptake of renewable energy resources and the strong presence of oil, natural gas and coal in Russia’s power generation mix. Furthermore, of the nearly 55 GW total RE ...
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Metal processing is the third most important sector for the Russian economy, after the oil and gas industry and the agricultural sector ...
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Russia’s agriculture sector has been expanding at a robust pace over recent years, helping the country achieve self-sufficiency in the production of a number of crops such as wheat, barley, corn and rye, as well as poultry ...
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Russia is one of the top producers and consumers of electric power in the world. The country has rich gas, oil, and coal reserves, and most electricity is generated by thermal power plants, although nuclear and hydropower also provide a ...
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The gross value added of financial and insurance activities generated 3.8% of the country’s GDP in 2019 and absorbed around 20% of total FDI. The sector’s density and penetration is low by international standards, providing ...
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The Emerging Europe region, as covered by the scope of this report, consists of Russia, Turkey, Emerging Europe, Romania, Czechia and Hungary. All of these countries are strategically important to transportation in the region, though ...
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The Emerging Europe region covered by the scope of this report comprises Russia, Romania, Turkey and Poland. In terms of their importance on the natural gas and oil markets, this group should be separated into Russia and ...
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Estimated at USD 84bn in 2019, Russia’s tourism and leisure sector ranks among the 20 largest globally. However, its total contribution to GDP is 5%, which is far below the global average that year of 10.3%. The sector still has ...
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