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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: Survey: Company CEOs believe inflation will continue to fall, but it will remain higher. Real sales of Slovak retail fell for the tenth month in a row in November. TPA: The number and volume of transactions on the Czech mergers and acquisitions market increased in the 4th quarter. Inflation in Britain unexpectedly accelerated to four percent in December. Frolík: The Czech Republic lacks a long-term strategy agreed across the political spectrum. Survey: Companies expect higher inflation in 2024 as well, three quarters above five percent. CNB Spokesperson Krmelová will head a different department of the central bank from January 15. Germany is no longer threatened with a gas shortage during the winter, supplies will be quickly replenished over the summer. CRIF: 659 company bankruptcies were declared last year, 40 fewer than a year earlier. Analysts: Inflation fell faster in December due to cheaper food. Unemployment in the Czech Republic rose in December, analysts say due to seasonality. The introduction of a global minimum corporate tax will change investment flows, the OECD said. Bloomberg: The transition to electric cars threatens suppliers in the Czech Republic and Slovakia. The state collected 1.39 trillion crowns in taxes last year, 17 percent more year-on-year. Inflation in Slovakia slowed down in December, but remained in double digits for the whole year. Study: 277,000 sole traders closed their businesses in the Czech Republic last year, the most since 1993. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. DPA: Inflation in Turkey - when butter and meat become a luxury. Analysts: Unemployment in December rose mainly due to seasonal factors. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, and the sixth in November. Inflation slowed to 6.9 percent in December, a significant decline is expected next year. The German economy fell by 0.3 percent last year under the pressure of global crises. The inflation rate in Poland surprisingly slowed to 6.1 percent in December. The Czech National Bank has cut interest rates, according to Michl, inflationary pressures are fading. Analysts: GDP is being held back by household consumption, companies are maintaining increasingly high profitability. 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.

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

Finance: According to a member of the Governing Council, the ECB may not have to start cutting interest rates this year. UniCredit: Central and Eastern European economies will grow by three percent in 2024 and 2025. The Turkish central bank has increased the base interest rate to 42.5 percent. Government debt rose to CZK 3.214 trillion in the third quarter of last year. US public debt exceeded USD 34 trillion for the first time. Spot bitcoin funds are heading to the market in the US, some analysts see it as a new era. Iran and Russia will not trade in dollars, but in their own currencies. State support for building savings is being halved. Hungary has the highest debt service costs in the entire European Union. Most of the 11 approved bitcoin ETFs will not survive, said the head of Grayscale. The ECB will probably cut interest rates in the summer, said the head of the central bank Lagarde. Wells Fargo bank increased its profit in the quarter thanks to lower costs. Survey: The number of Czech households with savings increased to 71 percent last fall. Hypoindex: The average mortgage rate fell to 5.96 percent in early January. The large Chinese shadow bank ZEG entered bankruptcy proceedings.