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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: Bloomberg: Germany's days as an industrial superpower may be coming to an end. Germany's economic problems are dragging down the economies of Eastern European countries. Analysis: World trade will grow at a rate of 2.8 percent per year, slower than GDP. Customs officers collected CZK 162.3 billion in taxes last year, CZK 2.9 billion less year-on-year. Confederation of Industry: The Czech Republic must prepare faster for the emergence of the hydrogen economy. The inflation rate in Germany slowed to 2.5 percent in February. Analysts: Industry will start growing slowly this year, to about two percent. Analysts: Inflation is to blame for last year's retail slump, recovery confirmed in December. According to a survey among economists, the threat of an economic recession in the US has decreased. Confidence in the Czech economy fell again in February. The Czech Statistical Office will publish data on retail sales for December and the whole of last year today. The inflation rate in Poland fell significantly in January, reaching 3.9 percent. Chamber: Trade between the Czech Republic and Germany fell by two percent last year to CZK 2.83 trillion. Appointment of the Euro Commissioner will result in the first coalition conciliation procedure. The inflation rate in Britain remained at four percent in January, growth was expected. Consumer prices in China fell by the most in 14 years in January. Analysis: The number of mergers and acquisitions of Czech companies fell by 43 percent last year to 80. Retail trade fell by 4.1 percent last year, but December confirmed the recovery in consumption. Most analysts expect the CNB interest rate to fall by half a percentage point. CMKOS still estimates inflation at 5 percent this year, according to it, the price hike has not ended.

Stock exchanges: Polymetal International has agreed to sell Russian assets for 3.7 billion USD. The value of global markets with emission allowances rose to a record last year. According to analysts, silver is set to have a successful year, the price may rise to a 10-year high.

Finance: UniCredit Bank: Real estate investments were less disadvantageous in February than in January. The European Investment Bank supported projects worth 47.5 billion crowns in the Czech Republic last year. Portu analysis: Banks are starting to take the decrease in CNB rates into account in savings accounts. The German and Dutch central banks had multi-billion losses last year. Last year, banks provided loans to companies for 688 billion CZK, 192 billion less year-on-year. Capital One Bank buys Discover credit card issuer for $35 billion. Fitch changes outlook on Czech Republic's main credit rating from negative to stable. Allianz Trade: The risk of companies being unable to repay their obligations decreased worldwide last year. The profit of the largest European banks exceeded 100 billion euros for the first time last year. Billionaire Buffett's Berkshire Hathaway achieved a record net profit. JPMorgan Chase plans one of the largest branch expansions in several years. IIF: Global debt rose to a record $313 trillion last year. HSBC increased its profit to a record $30 billion last year. Coface: GDP in the Czech Republic will increase by 1.5 percent this year, average inflation will fall to 3.3 percent. Hypoindex: The average mortgage rate fell to 5.6 percent in early February. 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 soon start cutting interest rates. Trinity Bank's gross profit fell by 200 million to 800 million crowns last year. Austria's Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. Association: Non-banking companies provided 13 percent more money last year. Swiss bank UBS reduced its quarterly loss, intends to resume buying back its shares. Analysis: One in 13 Czech companies that issued bonds after 2013 is insolvent.