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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 inflation rate in Argentina has reached 211 percent, the highest in 32 years. Analysts: Confidence in the economy does not indicate a sharp rebound from the bottom. The integration of AI in companies is already a necessity, said Pejša from Creative Dock in Davos. The court cleared Maradona of charges of tax evasion worth millions three years after his death. Unemployment in the Czech Republic rose in December, according to analysts due to the season. Experts: The November decline in apartment construction is due to investor distrust. Experts: The decline in the construction industry is not surprising, production will start to grow this year. DPA: Inflation in Turkey - when butter and meat become a luxury. CNB spokesperson Krmelová will head a different department of the central bank from January 15. Analysts: Inflation fell faster in December due to cheaper food. Analysts estimate December inflation between 7.2 and 7.5 percent and 10.8 percent for the year. Survey: 29.8 percent of Czech companies encounter obstacles in the EU market. PwC: Optimism among business leaders has doubled worldwide in the past year. CRIF: 659 company bankruptcies were declared last year, 40 fewer than a year earlier. Industrial and construction production fell in November, foreign trade did well. Inflation in Britain unexpectedly accelerated to four percent in December. Vice Governor of the Czech National Bank: The decision to adopt the euro requires a broader political consensus. The inflation rate in Poland surprisingly slowed to 6.1 percent in December. Inflation slowed to 6.9 percent in December, a significant decline is expected next year. Retail in the Czech Republic after 18 months of year-on-year growth, according to analysts, a surprise. The state collected 1.39 trillion crowns in taxes last year, 17 pct. more year-on-year. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. Survey: Company bosses believe in a continued decline in inflation, but it will still remain higher. Kupka: The Czech Republic will report a public deficit to GDP of 2.2 pct, i.e. within the limit for the euro. The introduction of a global minimum corporate tax will change investment flows, the OECD said. PwC survey: Czech company bosses are more optimistic than a year ago.

Stock exchanges: The price of cocoa on the London market this year increased the most since 1989. The Czech National Bank almost tripled the volume of gold in reserves last year to 30.67 tons. CNBC: Copper prices could rise by more than 75 percent in the next two years.

Finance: Survey: Czechs are most concerned about their health, neglect preventive checks. Hungary has the highest debt service costs in the entire European Union. ČSOB estimates: The volume of mortgages provided last year fell by 25 billion to 138 billion CZK. Association: Dynamic supplementary savings funds earned an average of 20.6 pct. last year. Goldman Sachs increased its profit in the quarter, while Morgan Stanley's profit decreased. US public debt exceeded the 34 trillion USD mark for the first time. Revenues of companies in the Partners financial group rose by 17 percent last year to 4.1 billion CZK. Banks provided mortgages worth 150 billion CZK last year, a quarter less year-on-year. Survey: Over 27% of Czechs rate 2023 as financially successful, more than last year. State support for building savings is being halved. As expected, the ECB left the base interest rate unchanged at 4.50 percent. CNB: Corporate demand for loans fell, household demand grew. Analysis: All participating pension savings funds made a profit for clients last year. Large Chinese shadow bank ZEG entered bankruptcy proceedings. Most of the 11 approved bitcoin EFTs will not survive, said the head of Grayscale. UniCredit: Central and Eastern European economies will grow by three percent in 2024 and 2025.