Secure shopping
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, sec♏urities brokerage, commodity contracts dealing and diverse financial investment activitiꦚes. 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.
Both transport and energy infrastructure in Russia are of great economic and political importance f༺or the country, whic💝h 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&nb❀sp;sector for the Russian economy, after the oil and gas industry and the agricultural sector ...
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Russi𝐆a’s agriculture sector has been expanding at a robust pace over recent years, helping the country achieve self-suffici𒀰ency 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 of𓆉 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 absorbౠed 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 t♏ransportation 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 marke🦄ts, 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 fa🦄r below the global average that year of 10.3%. The sector still has ...
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Generating nearly 14% of Russia&rsqu🦹o;s GDP, the wholesale and retail trade sector is an important engine of economic growth. The sector provides jobs to more than 13mn❀ people, about a fifth of total employment in Russia. With a population ...
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