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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: Retail sales fell by 4.1 percent last year, but December confirmed a recovery in consumption. The threat of an economic recession in the US has decreased, according to a survey of economists. Analysts: Inflation is to blame for last year's retail sales decline, December confirmed the recovery. According to the FT and Statista, the fastest growing company in Europe is the Czech Raylyst. Confederation of Industry: The Czech Republic must prepare faster for the emergence of the hydrogen economy. Real wages in the Czech Republic have fallen again, according to analysts they are at the level of 2017. The inflation rate in Hungary continues to fall rapidly, in January it was 3.8 percent. Deloitte: The number of mergers and acquisitions in Europe and the UK fell by 24 percent last year. IMF chief Georgieva: The global economy is heading for a soft landing. Inflation fell in January, some experts expect it to be below three percent. 85 percent of Czechs feel the effects of inflation, but they expect it to get better. CNB: Czech households' debts to banks rose to 2.253 trillion crowns in January. CNB will negotiate interest rates, analysts expect them to fall further. WSJ: Indonesia is trying to join the family of Asian economic tigers. Fuel prices in Cuba rose by 500 percent, electricity also became more expensive. Confidence in the Czech economy fell again in February. CSSA: The number of entrepreneurs in the Czech Republic increased by 23,000 last year to 1.127 million. CMKOS continues to estimate inflation at 5 percent for this year, according to it, the price increases have not ended. Inflation slowed to 2.3 percent in January, Fiala and Michl welcome it, the opposition is critical. Inflation in Turkey continues to rise, exceeding 67 percent in February.

Stock Exchanges: Prices of gas, electricity and cereals are falling this year, while prices of oil, aluminum and cotton are rising. Gold exports from Switzerland were the highest in six years in January. The price of gold is at a record high thanks to the expected reduction in interest rates in the US. The value of global markets with emission allowances rose to a record last year.

Finance: Analysts: The price of gold is heading for records this year, the reason is budget deficits. According to the head of the Italian central bank, the ECB should start cutting interest rates soon. The integration of the development and export bank should be completed next year. S&P raised Portugal's rating to A-, praised the reduction in debt. Some banks advise clients not to 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. Payment via Apple Pay is the most used mobile payment service in the Czech Republic. Study: 61 percent of global bank customers require a call with live operators. The German and Dutch central banks had multi-billion-dollar losses last year. Fitch changed the outlook for the Czech Republic's main credit rating from negative to stable. A boy with a genetic disorder returned to the Czech Republic after surgery in France. UniCredit Bank: Real estate investments were less disadvantageous in February than in January. Austria's Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. Analysts: The interest rate cut will not have an immediate effect on the recovery of the real estate market. The Turkish central bank left the base interest rate at 45 percent, the lira continues to fall. Registers: Czech debt rose by 5.1 percent last year to CZK 3.31 trillion. Retail investors have been withdrawing from European real estate funds for almost a year. Hypoteční banka changes its name to ČSOB Hypoteční banka, nothing changes for clients. Trinity Bank's gross profit fell by CZK 200 million to CZK 800 million last year. The European Investment Bank supported projects worth CZK 47.5 billion in the Czech Republic last year. The second largest Russian bank, VTB, had a record profit last year, and is expecting another record this year.