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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.
Poland boasts a rich heritage in the mining sector and is a prominent player in metal processing within Europe. It ranks as the continent's seventh-largest steel producer and its second-largest producer of refined copper. The industry includes a wide ...
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Poland's healthcare and pharmaceutical industry is making significant strides, despite facing substantial challenges. The ongoing war in Ukraine, which followed the COVID-19 pandemic, has placed considerable pressure on the Polish healthcare system. ...
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Poland relies on coal for 70% of its energy needs, the highest proportion among EU member states. However, in recent years, the country has shifted towards a greener agenda, aiming to reduce fossil fuel use and increase the adoption of renewable ...
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The Polish wood, paper and furniture industry experienced impressive growth between 2017 and 2022, but it faces challenges in 2023. Limited access to sustainable timber, rising production costs and reduced demand for furniture triggered by a ...
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The Polish banking sector, while still relatively small compared to the overall economy, remains stable and dynamically developing, and is the leader in Central and Eastern Europe (CEE) in terms of asset size. At the end of 2023, the banking sector's ...
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The automotive industry is one of the pillars of the Polish economy. It accounted for 8% of the country's GDP and approximately 13.5% of its exports value in 2022, according to the latest available estimates by the Polish Investment and Trade Agency ...
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Poland's limited oil and gas reserves necessitate a heavy reliance on imports to meet the growing demand for fuel. In 2022, only about 3% of its crude oil demand for refineries was met through domestic production, while natural gas production covered ...
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Poland's chemicals and rubber & plastics sector presents a complex picture. While some products saw growth in 2023, such as polyester paints (28.5% y/y growth) and compressors (up 65.5% y/y), others like toluene (-95% y/y) and tyres (-13.5% y/y) ...
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Poland's food and beverage products had a sold production value of PLN 401.3bn in 2022, representing 14.2% of Polish GDP. The industrial production index (IPI) for food products expanded by 9.4% y/y in 2022 and the IPI for beverage products grew by ...
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Digital transformation and the popularity of remote working have supported the development of the telecommunication industry and the introduction of new technology, such as 5G, in Poland. Moreover, the Polish government aims to support digitalisation ...
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