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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: The number of banknotes and coins in circulation increased last year, their value decreased. PwC: Optimism among business leaders has doubled worldwide in the past year. The inflation rate in Argentina reached 211 percent, the highest in 32 years. The inflation rate in Turkey accelerated to 64.9 percent in January, a slowdown was expected. Survey: 29.8 percent of Czech companies encounter obstacles in the EU market. Nabiullinová: Yuan payments for Russian exports already account for a third of all payments. Survey: World economic growth will reach 2.6 percent this year, accelerating next year. Stanjura: The government should not set a date for the introduction of the euro before the elections. The integration of AI in companies is now a necessity, said Pejša from Creative Dock in Davos. Survey: Most Czechs expect prices to grow faster than people's incomes. A record 282,658 entrepreneurs closed down last year; the reason is data boxes. More than 250 billionaires and millionaires call on politicians to tax the rich more. Survey: Company bosses believe that inflation will continue to fall, but it will still remain higher. The World Bank expects global growth to slow to 2.4 percent this year. Experts: Investors' distrust is behind the November decline in housing construction. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, and the sixth in November. Analysts: Inflation fell faster in December thanks to cheaper food. The IMF improved its estimate of this year's global economic growth to 3.1 percent. Germany is no longer threatened by a gas shortage during the winter, and will quickly replenish its reserves over the summer. Zamrazilová: There must be a broader political consensus on the Czech Republic's entry into the eurozone. Unemployment in the Czech Republic rose in December, according to analysts due to the season. Retail trade in the Czech Republic after 18 months of year-on-year growth, according to analysts a surprise. Most analysts expect the CNB interest rate to fall by half a percentage point.

Stock exchanges: The price of gas in Europe fell below 30 euros per megawatt hour for the first time since August. The CNB 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. Bloomberg: Renáta Kellnerová is changing the face of PPF, turning the group more towards the West. The Ministry of Finance sold government bonds for CZK 8.8 billion, demand was three times higher. Survey: Czechs are most concerned about their health, neglect preventive checks. 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. The governor of the Turkish central bank has resigned, she will be replaced by her deputy. Trump does not intend to renew the mandate of the current head of the US central bank. Raiffeisenbank's net profit fell by 27.1 percent last year to CZK 5.5 billion. UniCredit: Central and Eastern European economies will grow by three percent in 2024 and 2025. Survey: More than half of Czech couples consider household income to be joint. Association: Dynamic supplementary savings funds yielded an average of 20.6 pct.. Survey: The number of Czech households with savings increased to 71 percent last fall. Germany's Deutsche Bank's profit fell by 28 percent in the quarter, it is preparing layoffs. The Fed did not change interest rates; its reduction is conditional on certainty that inflation is falling. Russian banks had a record profit last year thanks to credit growth. Banks provided mortgages worth CZK 150 billion last year, a quarter less year-on-year. The ECB will probably cut interest rates in the summer, said central bank chief Lagarde. Wells Fargo bank increased its profit in the quarter thanks to lower costs. China reduces banks' minimum reserve requirements, trying to support the economy.