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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Consumer prices in China rose for the first time in six months in February. DIW: German economy is not recovering as quickly as expected. Fuel prices in Cuba have risen by 500 percent, electricity has also become more expensive. The German economy is ailing, five leading economic institutes agree. Deloitte: The number of mergers and acquisitions in Europe and the UK fell by 24 percent last year. Analysts: Improved confidence in the economy shows that the economy is starting to recover. EY: Chinese companies took over the fewest European companies last year since 2012. Analysts expect another cut in the CNB's base interest rate. CNB: Czech household debts to banks rose to 2.253 trillion crowns in January. Czech glassmakers are not competitive, but the Ministry of Industry and Trade claims to support them. Analysis: World trade to grow at 2.8 percent per year, slower than GDP. February inflation hits CNB target, lower than central bank forecast. Germany's inflation rate slowed to 2.5 percent in February. HK forecast: Czech economy to grow 1.3 percent year-on-year this year. CNB considered faster release of credit market protection reserve. European Free Trade Association countries to invest $100 billion in India.

Stock exchanges: Gold price hits record high on expected interest rate cut in the US. KoBold sees other discoveries as promising after discovery of rich copper deposit in Zambia. Gold price hits another record, surpassing $2,200 per troy ounce. This year, gas, electricity and grain prices are falling, while oil, aluminum and cotton are becoming more expensive. Gold is at another record high, with a troy ounce costing more than $2,157.

Finance: Analysis: Between 2014 and 2023, the Czech Republic received more than 1.2 trillion crowns from the EU. Partners Bank, part of the Partners financial group, is starting operations these days. Austria's Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. HSBC increased its profit to a record $30 billion last year. China has lowered its reference rate for mortgages, wanting to stimulate the real estate market. Banks provided mortgages worth 15.8 billion CZK in January, double the year-on-year figure. American bank NYCB is in trouble, has secured a billion-dollar financial injection. The European Central Bank, as expected, left the base interest rate at 4.50 percent. Italian insurance company Generali and Austrian rival VIG report higher profits for last year. US bank profits fell by 43.9 percent in the fourth quarter. IIF: Global debt rose to a record $313 trillion last year. Golden Gate broker's sales fell by 53 percent last year to CZK 3.1 billion. Media: Saudi Arabia is preparing a giant fund for investments in artificial intelligence. Analysis: One in 13 Czech companies that issued bonds after 2013 is insolvent. Some banks are advising clients not to withdraw money from Euronet ATMs. The Swiss Central Bank calls for a change in regulation, referring to Credit Suisse. The German and Dutch central banks had multi-billion losses last year. Over 70 percent of Czechs are not well-versed in investments, according to a survey. S&P agency raised Portugal's rating to A-, praised the reduction in debt. UniCredit Bank: Real estate investments were less disadvantageous in February than in January. Fitch changed the outlook for the main credit rating of the Czech Republic from negative to stable. J&T Arch Investments fund acquired a stake in Emma Alpha Holding for CZK 2.5 billion. Index: Mutual funds generally continued to make money for investors in February. Survey: A third of Czechs regret not investing their excess money.