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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: Real wages in the Czech Republic have fallen again, according to analysts they are at the level of 2017. 85 percent of Czechs feel the effects of inflation, but expect it to get better. Consumer prices in China rose for the first time in six months in February. European Free Trade Association countries are investing USD 100 billion in India. According to the FT and Statista, the fastest growing company in Europe is the Czech Raylyst. Fuel prices in Cuba have increased by 500 percent, and electricity has also become more expensive. Conditions in industry continued to deteriorate in February, but less than in January. The inflation rate in Germany slowed to 2.5 percent in February. The Czech National Bank considered faster release of the reserve to protect the credit market. Czech glassmakers are not competitive, but the Ministry of Industry and Trade claims to support them. The Czech Republic's foreign debt rose by 129 billion to 4.622 trillion at the end of last year. Confidence in the Czech economy fell again in February. Analysis: World trade will grow at a rate of 2.8 percent per year, slower than GDP. Deloitte: The number of mergers and acquisitions in Europe and the United Kingdom fell by 24 percent last year. Japan avoided recession, the GDP revision for the fourth quarter showed.

Stock exchanges: The price of gold exceeded a new record high after the unemployment report. Draslovka and gold miner Barrick began commercial use of glycine leaching. The price of gold climbed to another record, surpassing 2,200 USD per troy ounce. Gold is at another record, a troy ounce costs more than 2,157 USD. Swiss gold exports hit six-year high in January. Gold prices hit record high on US interest rate cut.

Finance: Media: Saudi Arabia preparing giant fund for investment in artificial intelligence. Capital One to buy credit card issuer Discover for $35 billion. UniCredit Bank: Real estate investments less disadvantageous in February than in January. Turkey's central bank leaves key interest rate unchanged at 45 percent, lira continues to fall. Over 70 percent of Czechs are not well-versed in investments, survey shows. KRUK: Average household debt after maturity fell by CZK 2,100 last year to CZK 37,100. Trinity Bank's gross profit fell by CZK 200 million to CZK 800 million last year. S&P raises Portugal's rating to A-, praises debt reduction. China has lowered the reference rate for mortgages, wants to stimulate the real estate market. Partners A bank from 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. The Fed has not changed interest rates, and this year it expects them to be reduced by 0.75 percentage points. Billionaire Buffett's Berkshire Hathaway has achieved a record net profit. Hypoindex: The average mortgage rate rose to 5.62 percent in early March. Reuters: Deutsche Bank intends to file for liquidation of a Chinese developer. The American bank NYCB is in trouble, has secured a billion-dollar financial injection. Banks provided loans to companies for CZK 688 billion last year, CZK 192 billion less year-on-year. The volume of crowdfunding investments increased by CZK two billion to CZK three billion last year. The integration of the development and export banks should be completed next year. The Japanese central bank raised its base interest rate after 17 years. The Swiss central bank surprisingly lowered its base interest rate to 1.50 percent. CBA: The real estate market in the Czech Republic has revived, apartment sales increased by tens of percent last year. US bank profits fell by 43.9 percent in the fourth quarter. Fitch changed the outlook for the Czech Republic's main credit rating from negative to stable.