2 320,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Study: 277,000 sole proprietors closed their businesses in the Czech Republic last year, the most since 1993. Analysts: Unemployment rose in December mainly due to seasonal factors. Analysts: Inflation fell faster in December thanks to cheaper food. Analysts estimate December inflation between 7.2 and 7.5 percent and 10.8 percent for the year. According to the central bank, the recovery of the German economy is delayed. Zamrazilová: There must be a broader political consensus on the Czech Republic's entry into the eurozone. Retailers: Lower tax on construction work will not significantly affect the price and sales of construction materials. DPA: Inflation in Turkey - when butter and meat become a luxury. Inflation slowed to 6.9 percent in December, a significant decrease is expected next year. The state collected 1.39 trillion crowns in taxes last year, 17 pct. more year-on-year. The World Bank expects global growth to slow to 2.4 percent this year. The number of banknotes and coins in circulation increased last year, their value fell. Survey: Company bosses believe in a continued decline in inflation, but it will still remain higher. TPA: The number and volume of transactions on the mergers and acquisitions market in the Czech Republic increased in the 4th quarter. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, and the sixth highest in November. Vice Governor of the Czech National Bank: The decision to adopt the euro requires a broader political consensus. Experts: The decline in the construction industry is not surprising, production will start to grow this year. Unemployment in the Czech Republic rose in December, according to analysts due to the season. Germany is no longer threatened with a gas shortage during the winter, it will quickly replenish its supplies over the summer. More than 250 billionaires and millionaires call on politicians to tax the rich more. Analysts: Confidence in the economy does not indicate a sharp rebound from the bottom. Survey: 29.8 percent of Czech companies encounter obstacles in the EU market. Analysts: GDP is held back by household consumption, companies maintain increasingly high profitability. Nabiullinová: Yuan payments for Russian exports already account for a third of all payments. Real sales of Slovak retail fell for the tenth month in a row in November. Inflation in Slovakia slowed down in December, but remained in double digits for the whole year. 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.

Stock exchanges: The price of gas in Europe fell below 30 euros per megawatt-hour for the first time since August. Chinese companies are investing seven billion dollars in mining infrastructure in Congo.

Finance: ČNB: Corporate demand for loans fell, household demand grew. BlackRock will take over Global Infrastructure Partners for 12.5 billion USD. According to a member of the Governing Council, the ECB would not have to start cutting interest rates this year. UniCredit: Central and Eastern European economies will grow by three percent in 2024 and 2025. Survey: Czechs are most concerned about their health, neglect preventive checks. Most of the 11 approved bitcoin EFTs will not survive, said the head of Grayscale. Russian banks had record profits last year thanks to loan growth. ČSOB estimates: The volume of mortgages provided last year fell by 25 billion to 138 billion CZK. China reduces the required minimum reserves of banks, trying to support the economy. Large American banks performed differently at the end of the year, Citigroup is in loss. Hypoindex: The average mortgage rate fell to 5.96 percent in early January. Analysis: The price of gold in the Czech Republic has increased in the last three years, as has inflation. Large Chinese shadow bank ZEG has entered bankruptcy proceedings. Goldman Sachs increased its profit in the quarter, while Morgan Stanley's profit decreased. The ECB will probably cut interest rates in the summer, said the head of the central bank Lagarde.