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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: According to the central bank, the recovery of the German economy is delayed. Czech GDP fell by 0.4 percent last year, according to analysts, this is a consequence of inflation. More than 250 billionaires and millionaires call on politicians to tax the rich more. The number of banknotes and coins in circulation increased last year, their value fell. PwC survey: Czech company bosses are more optimistic than a year ago. The introduction of a global minimum corporate tax will change investment flows, the OECD said. The IMF improved its estimate of this year's global economic growth to 3.1 percent. Survey: 29.8 percent of Czech companies encounter obstacles in the EU market. The court cleared Maradona of charges of tax evasion worth millions three years after his death. Experts: Investors' distrust is behind the November decline in apartment construction. The Ministry of Finance expects economic growth of 1.2 percent this year, inflation of 3.1 percent. Analysts: Unemployment rose in December mainly due to seasonal influences. Analysts: Confidence in the economy does not indicate a sharp rebound from the bottom. The inflation rate in Argentina reached 211 percent, the highest in 32 years. The diversion of transport from the Suez Canal is making the situation of the Egyptian economy more difficult. Study: In 2023, 12,897 companies were added in the Czech Republic, one thousand less than the year before. Inflation in Slovakia slowed down in December, but remained in double digits for the whole year. Survey: Inflation is a concern for 49 percent of Czechs, it is the main source of concern. TPA: The number and volume of transactions on the mergers and acquisitions market in the Czech Republic increased in the 4th quarter. CRIF: 659 company bankruptcies were declared last year, 40 fewer than a year earlier. Sellers: Lower tax on construction work will not significantly affect the price and sales of construction materials. Kupka: The Czech Republic will report a public deficit to GDP of 2.2 percent, i.e. within the limit for the euro. Survey: Company bosses believe in a continued decline in inflation, but it will still remain higher. Analysts estimate December inflation between 7.2 and 7.5 percent and 10.8 percent for the year. PwC: Optimism among business bosses has doubled worldwide in the last year. Vice-Governor of the Czech National Bank: The decision to adopt the euro requires broader political consensus. Zamrazilová: There must be broader political consensus on the Czech Republic's entry into the eurozone.

Stock exchanges: The price of gas in Europe fell below 30 euros per megawatt hour for the first time since August. Chinese companies invest $7 billion in mining infrastructure in Congo.

Finance: MF sold government bonds for CZK 8.8 billion, demand tripled. ECB will probably cut interest rates in the summer, said central bank chief Lagarde. The ECB left the base rate unchanged at 4.50 percent, as expected. The aggregate profit of Slovak banks increased by 45 percent last year to EUR 1.2 billion. Most of the 11 approved bitcoin ETFs will not survive, said the head of Grayscale. Wells Fargo bank increased profit in the quarter thanks to lower costs. Spot bitcoin funds are heading to the market in the US, some analysts see this as a new era. The Hungarian central bank has cut the base rate by three quarters of a point to 10 percent. The Russian central bank will stop publishing information on monetary policy. Russian banks had record profits last year thanks to loan growth. Large American banks performed differently at the end of the year, Citigroup is in a loss. The Turkish central bank raised the base interest rate to 45 percent. Survey: The number of Czech households with savings increased to 71 percent last fall. Banks provided mortgages worth CZK 150 billion last year, a quarter less year-on-year. According to a member of the Governing Council, the ECB would not have to start cutting interest rates this year. Association: Dynamic supplementary savings funds yielded an average of 20.6 percent last year.