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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: Japan avoided recession, GDP revision for the fourth quarter showed. Fuel prices in Cuba rose by 500 percent, electricity prices also rose. Inflation slowed to 2.3 percent in January, welcomed by Fiala and Michl, opposition is critical. Analysis: World trade will grow at a rate of 2.8 percent per year, slower than GDP. CSSA: The number of entrepreneurs in the Czech Republic increased by 23,000 last year to 1.127 million. Analysts: The weakening of the economy is starting to show in fewer vacancies. The inflation rate in Turkey continues to grow, exceeding 67 percent in February. CMKOS continues to estimate inflation at 5 percent for this year, according to it, price increases have not ended. EY: Chinese companies took over the fewest European companies last year since 2012. ČNB: Czech household debt to banks rose to 2.253 trillion crowns in January. DIW: German economy is not recovering as quickly as expected. Inflation fell in January, some experts expect it to be below three percent. European Free Trade Association countries invest 100 billion USD in India. Japan slipped into recession, losing its position as the world's third largest economy. February inflation reached the CNB target, lower than the central bank's forecast. The Czech economy performed better in the fourth quarter than the CNB expected. Real wages in the Czech Republic fell again, according to analysts they are at the level of 2017. Confederation of Industry: The Czech Republic must prepare faster for the emergence of the hydrogen economy.

Stock markets: 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. The Czech gold miner Barrick and the gold miner Barrick have begun commercial use of glycine leaching. Gold exports from Switzerland were the highest in six years in January.

Finance: The European Investment Bank supported projects worth 47.5 billion crowns in the Czech Republic last year. UniCredit Bank: Real estate investments were less disadvantageous in February than in January. Some banks recommend that clients not withdraw money from Euronet ATMs. CBA: The real estate market in the Czech Republic has revived, apartment sales increased by tens of percent last year. Capital One Bank is buying the credit card issuer Discover for 35 billion USD. Banks provided mortgages worth CZK 15.8 billion in January, double the year-on-year figure. S&P raised Portugal's rating to A-, praising the reduction in debt. The volume of crowdfunding investments increased by CZK 2 billion to CZK 3 billion last year. The Russian Central Bank has stopped raising interest rates, the base rate is 16 percent. The integration of the Development and Export Bank should be completed next year. Reuters: Deutsche Bank intends to file for liquidation of a Chinese developer. The European Central Bank, as expected, left the base rate at 4.50 percent. The J&T Arch Investments fund acquired a stake in Emma Alpha Holding for CZK 2.5 billion. China has reduced the reference rate for mortgages, wanting to stimulate the real estate market. Italian insurance company Generali and Austrian rival VIG report higher profits for last year. The Turkish Central Bank left the base rate at 45 percent, the lira continues to fall. Analysts: Gold price heading for record highs this year, budget deficits are the reason. Fitch changed the outlook of the main credit rating of the Czech Republic from negative to stable. Partners Bank from the Partners financial group is starting operations these days. Study: 61 percent of global bank customers require a call with live operators. German bank PBB, focused on real estate financing, saw a sharp drop in profit. The profit of the largest European banks exceeded 100 billion euros for the first time last year. HSBC bank increased its profit last year to a record more than 30 billion USD.