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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 mining 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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Russia’s construction sector emerged from recession in 2018, with the value of construction works rising for the first time in five years. Growth was driven entirely by large-scale infrastructure projects and works related to the FIFA World Cup ...
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Russia’s food and beverage sector has a minor share in this oil-dependent economy, generating just 1.7% of the GDP in 2018. The sector employed 840,000 people, equal to 2.5% of the country’s workforce and earned 5.5% of the export revenue ...
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The Emerging Europe region as covered by the scope of the report consists of Russia, Romania, Turkey, Poland, Hungary and the Czech Republic (listed in order from the largest to thesmallest oil producers). In terms of their importance on the natural ...
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Russia is home to the largest ICT market in Europe, catering to a population of more than 147mn people. With a penetration rate of almost 160% in the mobile telephony segment and 76% in the mobile broadband segment, the telecoms market is highly ...
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The economy’s return to growth provided a strong impetus to the Russian healthcare sector in 2017. Healthcare expenditure grew by a robust 22% y/y, when measured in US dollar terms, the first increase in many years. However, at USD 92bn in 2017 ...
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Russia’s transportation sector generates over 6% of the country’s GDP and provides employment to 10% of the workforce. Russia is a net exporting country in terms of transport services, as exports exceeded imports by USD 5.4bn in 2017. ...
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Proximity to Western European markets, low-cost skilled labour and favourable investment environment have turned Emerging Europe into a preferred location for major automotive producers and helped the region claim an increasing share of the global ...
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The automotive industry in Russia has a relatively small share in the country’s economy and employment. The sector generates less than 1% of Russia’s gross domestic product (GDP) and provides employment to about 600,000 people, or less ...
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Russia is a major producer and exporter of oil and natural gas. According to BP, the country holds the world’s largest proven natural gas reserves (18.1% of the total) and ranks sixth in terms of crude oil reserves (6.4% of the total). The ...
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