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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: Britain's inflation rate held steady at 4 percent in January, expected to rise. Germany's inflation rate slowed to 2.5 percent in February. DIW: German economy not recovering as fast as expected. WSJ: Indonesia seeks to join the family of Asian economic tigers. 85 percent of Czechs feel the effects of inflation, but expect it to get better. Analysts: Economic weakness is starting to show in fewer vacancies. Analysis: World trade to grow at 2.8 percent per year, slower than GDP. Fuel prices in Cuba have risen by 500 percent, electricity has also become more expensive. Deloitte: The number of mergers and acquisitions in Europe and the UK fell by 24 percent last year. Confidence in the Czech economy fell again in February. According to the FT and Statista, the fastest growing company in Europe is the Czech Raylyst. Japan slipped into recession, losing its position as the world's third largest economy. The inflation rate in Poland fell significantly in January, reaching 3.9 percent. CNB: Czech households' debts to banks rose to 2.253 trillion crowns in January. Japan avoided recession, according to the revision of GDP for the fourth quarter. European Free Trade Association countries invest 100 billion USD in India. Germany's economic problems are dragging down the economies of Eastern European countries. IMF chief Georgieva: The global economy is heading for a soft landing. Industrial conditions worsened further in February, but less than in January.

Stock exchanges: KoBold is optimistic about further discoveries after discovering a rich copper deposit in Zambia. Gas, electricity and grain prices are falling this year, while oil, aluminum and cotton are rising in price. Draslovka and gold miner Barrick have begun commercial use of glycine leaching. Gold exports from Switzerland were the highest in six years in January. The value of global markets with emission allowances rose to a record last year.

Finance: Analysts: The interest rate cut will not have an immediate impact on the recovery of the real estate market. Registries: Czechs' debt rose by 5.1 percent last year to CZK 3.31 trillion. Association: Non-banking companies provided 13 percent more money last year. Partners Bank from the Partners financial group is starting operations these days. Index: Mutual funds made money for investors in January, equity funds two percent. HSBC bank increased its profit last year to a record more than 30 billion USD. Billionaire Buffett's Berkshire Hathaway achieved a record net profit. Payment via Apple Pay is the most used mobile payment service in the Czech Republic. Survey: Two-thirds of Czechs regularly save money for retirement. American bank NYCB is in trouble, secured a billion-dollar financial injection. Allianz Trade: The number of companies in insolvency in the world increased by seven percent last year. S&P raised Portugal's rating to A-, praised the reduction in debt. The Russian Central Bank stopped raising interest rates, the base rate is 16 percent. The European Central Bank, as expected, left the base rate at 4.50 percent. The volume of crowdfunding investments increased by two billion to three billion CZK last year. The profit of the largest European banks exceeded 100 billion euros for the first time last year. The German and Dutch central banks had multi-billion euro losses last year. US bank profits fell by 43.9 percent in the fourth quarter. UniCredit Bank: Real estate investments were less disadvantageous in February than in January. Association: The number of payment cards in the Czech Republic increased by 1.2 million last year to 15.2 million. China has reduced the reference rate for mortgages, wants to stimulate the real estate market.