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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: Incorporating AI in companies is now a necessity, said Pejša from Creative Dock in Davos. Nabiullinová: Yuan payments for Russian exports already account for a third of all payments. Retail trade fell by 4.1 percent last year, but December confirmed a recovery in consumption. Survey: Global economic growth will reach 2.6 percent this year, accelerating next year. Study: 277,000 sole traders closed their businesses in the Czech Republic last year, the most since 1993. The number of banknotes and coins in circulation increased last year, but their value fell. Analysts: Inflation is to blame for last year's decline in retail trade, recovery confirmed in December. The diversion of transport from the Suez Canal is making the situation of the Egyptian economy more difficult. Survey: 29.8 percent of Czech companies encounter obstacles on the EU market. Germany is no longer threatened with a gas shortage during the winter, and supplies will be replenished quickly over the summer. TPA: The number and volume of transactions on the mergers and acquisitions market in the Czech Republic increased in the 4th quarter. Czech GDP fell by 0.4 percent last year, according to analysts, this is a result of inflation. Survey: Most Czechs expect prices to grow faster than people's incomes. The inflation rate in Turkey accelerated to 64.9 percent in January, a slowdown was expected. The German economy fell by 0.3 percent last year under the pressure of global crises. Stanjura: The government should not set a date for the introduction of the euro before the elections. Inflation in Britain unexpectedly accelerated to four percent in December. Analysts: Industry will start growing slowly this year, to about two percent. Industry in the Czech Republic fell by 0.4 percent last year, the worst result since Covid. A record 282,658 entrepreneurs closed their businesses last year; the reason is data boxes. Survey: Russian factory activity grew at its slowest rate in six months in January. Inflation in Slovakia slowed in December, but remained in double digits for the whole year. Analysis: The number of mergers and acquisitions of Czech companies fell by 43 percent last year to 80.

Stock exchanges: Demand for gold rose by three percent last year to a record 4,899 tons. Chinese companies are investing seven billion dollars in mining infrastructure in Congo.

Finance: The Fed did not change interest rates; its reduction is conditional on certainty that inflation is falling. Survey: Czechs are most concerned about their health, neglect preventive checks. The Turkish central bank has increased the base interest rate to 45 percent. The aggregate profit of Slovak banks increased by 45 percent last year to 1.2 billion euros. The net profit of Moneta Money Bank last year was 5.2 billion CZK, slightly up year-on-year. Large American banks performed differently at the end of the year, Citigroup is in a loss. According to a member of the Governing Council, the ECB would not have to start cutting interest rates this year. Revenues of companies in the Partners financial group increased by 17 percent last year to 4.1 billion CZK. Trump does not intend to renew the mandate of the current head of the US central bank. Swiss bank UBS reduced its quarterly loss, intends to resume buying back its shares. Bloomberg: Renáta Kellnerová is changing the face of PPF, turning the group more towards the West. Czech Export Bank doubled its pre-tax profit to CZK 1 billion last year. Italian banking group UniCredit increased its profit by almost 54 percent last year. The Russian central bank will stop publishing information on monetary policy. Analysis: The price of gold in the Czech Republic has risen in line with inflation over the past three years. CNB: Corporate demand for loans has fallen, household demand has grown. As expected, the ECB left the base rate unchanged at 4.50 percent. Survey: More than half of Czech couples consider household income to be joint. Hypoteční banka changes its name to ČSOB Hypoteční banka, nothing changes for clients. The governor of the Turkish central bank has resigned, she will be replaced by her deputy.