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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 welfarജe funds, monetary authorities, stockꦜ exchanges, and collection and credit agencies.
Hungary’s mining and quarrying sector accounted for less than 1% of GDP in 2015. The o𓂃utput of the sector fell by 11.8% y/y in 2015 and the downward trend continued in the first seven months of 2016 with a decline of 27.6% y/y. The decrease was ...
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The automotive industry has been by far the most dynamically growing sector in Hungary since t🅷he end of the economic cr💟isis of 2008-2009. Motor vehicle production grew by a spectacular CAGR of 18.6% in the period 2010-2015, reaching a record high 495 ...
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The🍌 Hungarian electric power market is middle-sized compared to other Eu✤ropean markets. The electric power sector is mature, meaning that all major power stations and the transmission network have been built and that electricity supply is stable. ...
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The Hungarian agricultural sector is relatively small, accounting in 2015 for only 1.9% of the agricultural outp🔜ut🃏 of the European Union. The country was the sixth largest producer of industrial crops in the EU that year. The sector contributed ...
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