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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 to counteract the wide-ranging effects of the pandemic. While private investments may have suffered from the uncertainty of the pandemic, ...
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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 COVID-19 pandemic and the related containment measures – including full-scale lockdowns and other restrictions throughout 2020 – had an unprecedented impact on both car supply and demand across the global automotive market. ...
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Hungary has attracted significant foreign investment to its automotive sector over the last ten years, managing to attract around 40 of the top 100 global OEM parts suppliers. Global automotive firms including Daimler, Audi, Opel and Suzuki have ...
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Although quite different in terms of political and economic systems, the Emerging Europe countries share certain similarities when it comes to their demographic situation and health profile. With the exception of Turkey, whose average birth rate is ...
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Hungarian agricultural output amounted to HUF 2,594.7bn in 2017, up by 0.3% y/y. In volume terms the output shrank by 4.1% y/y, as unfavourable weather conditions affected crop production, which made up 58% of the sector’s overall output value ...
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