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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: DPA: Inflation in Turkey - when butter and meat become luxury. The state collected 1.39 trillion crowns in taxes last year, 17 percent more year-on-year. Survey: Companies expect higher inflation in 2024 as well, three quarters above five percent. Retail in the Czech Republic after 18 months of year-on-year growth, according to analysts, a surprise. Experts: Investors' distrust is behind the November decline in apartment construction. Unemployment in the Czech Republic rose in December, according to analysts due to the season. Incorporating AI in companies is now a necessity, said Pejša from Creative Dock in Davos. The diversion of transport from the Suez Canal is making the situation of the Egyptian economy more difficult. The global value of mergers and acquisitions fell below three trillion dollars this year. Inflation in Slovakia slowed in December, but remained in double digits for the whole year. Survey: Company bosses believe that inflation will continue to fall, but it will still remain higher. Vice-governor of the Czech National Bank: The decision to adopt the euro requires a broader political consensus. Bloomberg: The transition to electric cars threatens suppliers in the Czech Republic and Slovakia. Inflation slowed to 6.9 percent in December, a significant decline is expected next year. 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 minimum wage will increase to 18,900 CZK, four out of eight guaranteed wages will increase. Inflation in Britain unexpectedly accelerated to four percent in December. The German economy fell by 0.3 percent last year under the pressure of global crises. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, and the sixth highest in November. The World Bank expects global growth to slow to 2.4 percent this year. PwC: Optimism among business leaders has doubled worldwide over the past year. CNB spokeswoman Krmelová will head a different department of the central bank from January 15. Experts: Inflation in the Czech Republic will weaken next year, the economy is expected to recover slightly. One of the most cited Czech economists, Milan Zelený, has died at the age of 81. Analysts: GDP is being held back by household consumption, companies are maintaining increasingly high profitability. TPA: The number and volume of transactions on the mergers and acquisitions market in the Czech Republic increased in the 4th quarter.

Stock exchanges: CNBC: Copper prices may increase by more than 75 percent in the next two years. The Czech National Bank almost tripled the volume of gold in its reserves to 30.67 tons last year.

Finance: Survey: The number of Czech households with savings increased to 71 percent last fall. BlackRock will take over Global Infrastructure Partners for USD 12.5 billion. Banks provided mortgages worth CZK 150 billion last year, a quarter less year-on-year. Large American banks performed differently at the end of the year, Citigroup is in a loss. The Israeli central bank has reduced its base interest rate by a quarter of a percentage point. UniCredit: Central and Eastern European economies will grow by three percent in 2024 and 2025. Most of the 11 approved bitcoin EFTs will not survive, said the head of Grayscale. Government debt rose to CZK 3.214 trillion in the third quarter of last year. Bloomberg: Chinese banks tighten access to Russian clients due to US sanctions. The twenty largest hedge funds earned a record $67 billion last year. Revenues of companies in the Partners financial group rose by 17 percent last year to CZK 4.1 billion. Hungary has the highest debt service costs in the entire European Union. Wells Fargo bank increased profit in the quarter thanks to lower costs. Goldman Sachs increased profit in the quarter, Morgan Stanley bank's profit decreased. Iran and Russia will not trade in dollars, but in their own currencies. Spot bitcoin funds are heading to the market in the US, some analysts consider it a new era.