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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: The Czech National Bank will take into account the exchange rate of the crown when further reducing rates. Customs officers collected CZK 162.3 billion in taxes last year, CZK 2.9 billion less year-on-year. The inflation rate in Turkey continues to grow, exceeding 67 percent in February. The inflation rate in Britain remained at four percent in January, an increase was expected. Analysts: The economy was dragged down by household consumption dampened by high inflation. Analysis: World trade will grow at a rate of 2.8 percent per year, slower than GDP. The inflation rate in Hungary continues to fall rapidly, reaching 3.8 percent in January. Deloitte: The number of mergers and acquisitions in Europe and the United Kingdom fell by 24 percent last year. The Czech economy performed better in the fourth quarter than the Czech National Bank expected. Confidence in the Czech economy fell again in February. DIW: German economy is not recovering as quickly as expected. CSSA: Number of entrepreneurs in the Czech Republic increased by 23,000 to 1.127 million last year. CNB lowered the base interest rate to 6.25 percent, the crown weakened. Bloomberg: Germany's days as an industrial superpower may be coming to an end. IMF: The Middle East economy is being held back by Israel's war with Hamas and lower oil production. According to the FT and Statista, the fastest growing company in Europe is Czech Raylyst. IMF chief Georgieva: The global economy is heading for a soft landing. CNBC: Europe has had its worst earnings season since the onset of Covid-19.

Stock exchanges: Gold exports from Switzerland were the highest in six years in January. This year, gas, electricity and grain prices are falling, while oil, aluminum and cotton are becoming more expensive. Draslovka and gold miner Barrick have begun commercial use of glycine leaching. KoBold is optimistic about further discoveries after discovering a rich copper deposit in Zambia.

Finance: Trinity Bank's gross profit fell by 200 million to 800 million crowns last year. IIF: Global debt rose to a record $313 trillion last year. Survey: A third of Czechs regret not investing their excess money. Hypoindex: The average mortgage rate rose to 5.62 percent in early March. Study: 61 percent of global bank customers require a call with live operators. Hypoindex: The average mortgage rate fell to 5.6 percent in early February. Banks provided mortgages worth CZK 13 billion in January, double the year-on-year figure. Payment via Apple Pay is the most widely used mobile payment service in the Czech Republic. HSBC increased its profit to a record more than USD 30 billion last year. Fitch changed the outlook for the Czech Republic's main credit rating from negative to stable. Retail investors have been withdrawing from European real estate funds for almost a year. The Russian Central Bank has stopped raising interest rates, the base rate is 16 percent. The profit of the largest European banks exceeded EUR 100 billion for the first time last year. Banks provided loans to companies worth CZK 688 billion last year, down CZK 192 billion year-on-year. Index: Mutual funds made investors a profit in January, equity funds two percent. China lowered the reference rate for mortgages, wants to stimulate the real estate market. US bank profits fell by 43.9 percent in the fourth quarter. A boy with a genetic disorder returned to the Czech Republic after surgery in France. Survey: Two-thirds of Czechs regularly save money for retirement. Partners Bank, a subsidiary of the Partners financial group, is starting operations these days. Reuters: Deutsche Bank intends to file for liquidation of a Chinese developer. Port analysis: Banks are starting to take the CNB's rate cut into account in savings accounts. Austria's Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year.