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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: Survey: Company CEOs believe inflation will continue to fall, but it will remain higher. Analysts: Confidence in the economy does not indicate a sharp rebound from the bottom. Analysts: Inflation fell faster in December due to cheaper food. The introduction of a global minimum corporate tax will change investment flows, the OECD said. According to analysts, the development of producer prices shows the end of the inflation wave. The Ministry of Finance expects economic growth of 1.2 percent this year, inflation of 3.1 percent. Study: 277,000 sole traders closed their businesses in the Czech Republic last year, the most since 1993. The diversion of transport from the Suez Canal is making the situation of the Egyptian economy more difficult. The German economy fell by 0.3 percent last year under the pressure of global crises. Last year, a record 282,658 entrepreneurs closed down; data boxes were the reason. Germany is no longer in danger of a gas shortage during the winter, and supplies will be replenished quickly over the summer. Survey: Global economic growth will reach 2.6 percent this year, accelerating next year. PwC: Optimism among business leaders has doubled worldwide in the past year. Zamrazilová: There must be a broader political consensus on the Czech Republic's entry into the eurozone. The number of banknotes and coins in circulation increased last year, but their value fell. Today is the last day to file a property tax return. Real sales of Slovak retail fell for the tenth month in a row in November. Survey: Most Czechs expect prices to grow faster than people's incomes. Reuters: The poor state of the German economy threatens the Czech Republic and Hungary. Stanjura: The government should not set a date for the introduction of the euro before the elections. Study: In 2023, 12,897 companies were added in the Czech Republic, a thousand fewer than the year before. Survey: Russian factory activity grew at its slowest rate in six months in January. The IMF improved its estimate of this year's global economic growth to 3.1 percent. PwC survey: Czech company bosses are more optimistic than a year ago.

Stock exchanges: Chinese companies are investing seven billion dollars in mining infrastructure in Congo. In January, gas, electricity and precious metal prices fell, while oil and sugar prices rose. The Czech National Bank almost tripled the volume of gold in reserves last year to 30.67 tons.

Finance: The aggregate profit of Slovak banks increased by 45 percent last year to 1.2 billion euros. Analysis: The price of gold in the Czech Republic has increased in line with inflation over the past three years. Wells Fargo Bank increased its profit in the quarter thanks to lower costs. UniCredit: Central and Eastern European economies will grow by three percent in 2024 and 2025. The Turkish Central Bank increased its base interest rate to 45 percent. The Ministry of Finance sold government bonds for CZK 8.8 billion, demand was three times higher. Trump does not intend to renew the mandate of the current head of the US central bank. The British central bank, as expected, left the base interest rate at 5.25 percent. Czech National Bank: Corporate demand for loans fell, household demand grew. China is reducing the minimum reserve requirements of banks, trying to support the economy. The ECB will probably cut interest rates in the summer, said the head of the central bank Lagarde. Moneta Money Bank's net profit last year was CZK 5.2 billion, up slightly year-on-year. The Fed did not change interest rates; their reduction is conditional on certainty that inflation is falling. The Russian Central Bank will stop publishing information on monetary policy. The Hungarian Central Bank has reduced the base interest rate by three quarters of a point to 10 percent. BlackRock will take over Global Infrastructure Partners for $12.5 billion. The twenty largest hedge funds earned a record $67 billion last year. Banks provided mortgages worth CZK 150 billion last year, a quarter less year-on-year.