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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: PwC: Optimism among business leaders has doubled worldwide in the past year. According to the central bank, the recovery of the German economy is delayed. Survey: Russian factory activity in January grew at the slowest rate in six months. Survey: 29.8 percent of Czech companies encounter obstacles in the EU market. Reuters: The poor state of the German economy threatens the Czech Republic and Hungary. Retail sales fell by 4.1 percent year-on-year last year. The inflation rate in Turkey accelerated to 64.9 percent in January, a slowdown was expected. Chamber: Trade between the Czech Republic and Germany fell by two percent last year to 2.83 trillion CZK. Czech GDP fell by 0.4 percent last year, according to analysts, due to inflation. The inflation rate in Argentina reached 211 percent, the highest in 32 years. Study: 277,000 sole traders closed their businesses in the Czech Republic last year, the most since 1993. A record 282,658 entrepreneurs closed their businesses last year; the reason is the data box. The IMF has improved its estimate of this year's global economic growth to 3.1 percent. Most analysts expect the CNB interest rate to drop by half a percentage point. Today is the last day to file a property tax return. Stanjura: The government should not set a date for the introduction of the euro before the elections. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, and the sixth highest in November. The number of banknotes and coins in circulation increased last year, their value decreased. Inflation in Britain unexpectedly accelerated to four percent in December. Kupka: The Czech Republic will report a public deficit to GDP of 2.2 percent, i.e. within the limit for the euro. Study: In 2023, 12,897 companies were added in the Czech Republic, a thousand fewer than the year before. Zamrazilová: There must be a broader political consensus on the Czech Republic's entry into the eurozone. Analysts: Industry will start to grow slowly this year, by about two percent.

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

Finance: Moneta Money Bank's net profit last year amounted to CZK 5.2 billion, a slight increase year-on-year. Spot bitcoin funds are heading to the market in the US, some analysts see it as a new era. Wells Fargo bank increased its profit in the quarter thanks to lower costs. The ECB will probably cut interest rates in the summer, said central bank chief Lagarde. As expected, the ECB left the base rate unchanged at 4.50 percent. Swiss bank UBS reduced its quarterly loss, intends to resume buying back its shares. Goldman Sachs increased its profit in the quarter, while Morgan Stanley's profit decreased. Survey: A third of Czechs are considering putting money away for retirement in DIPs. Bloomberg: Chinese banks are tightening their approach to Russian clients due to US sanctions. Survey: The number of Czech households with savings increased to 71 percent last autumn. CNB: Corporate demand for loans fell, household demand grew. China is reducing the minimum reserve requirement for banks, trying to support the economy. The British central bank, as expected, left the base interest rate at 5.25 percent. Raiffeisenbank's net profit fell by 27.1 percent last year to CZK 5.5 billion. The governor of the Turkish central bank resigned, she will be replaced by her deputy. Survey: More than half of Czech couples consider household income to be joint. The Hungarian central bank reduced the base interest rate by three quarters of a point to 10 percent. The Russian central bank will stop publishing information on monetary policy. The Ministry of Finance sold government bonds for CZK 8.8 billion, demand was three times higher. Generation Z, in despair over their economic prospects, is spending on luxury.