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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. Vice-governor of the Czech National Bank: The decision to adopt the euro requires a broader political consensus. Frolík: The Czech Republic lacks a long-term strategy agreed across the political spectrum. The inflation rate in Argentina has reached 211 percent, the highest in 32 years. The minimum wage will increase to CZK 18,900, four out of eight guaranteed wages will increase. Analysts: Confidence in the economy does not indicate a sharp rebound from the bottom. One of the most cited Czech economists, Milan Zelený, has died at the age of 81. Inflation in Slovakia slowed in December, but remained in double digits for the whole year. PwC survey: Czech company bosses are more optimistic than a year ago. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, the sixth in November. The British economy fell slightly in the third quarter, a recession is looming. The CNB Bank Board disagrees on further rate cuts. The diversion of transport from the Suez Canal is making the situation of the Egyptian economy more difficult. TPA: The number and volume of transactions on the Czech mergers and acquisitions market increased in the fourth quarter. Analysts: GDP is being held back by household consumption, companies are maintaining increasingly high profitability. Inflation in Britain unexpectedly accelerated to four percent in December. Unemployment in the Czech Republic rose in December, according to analysts due to the season. The German economy fell by 0.3 percent last year under the pressure of global crises. Kupka: The Czech Republic will report a public deficit of 2.2 percent of GDP, i.e. within the limit for the euro. Survey: Inflation is a concern for 49 percent of Czechs, it is the main source of concern. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. Study: 277,000 sole traders closed their businesses in the Czech Republic last year, the most since 1993. CRIF: 659 company bankruptcies were declared last year, 40 fewer than a year earlier. Analysts estimate December inflation between 7.2 and 7.5 percent and 10.8 percent for the year. According to analysts, the development of producer prices shows the end of the inflation wave. The global value of mergers and acquisitions fell below three trillion dollars this year. CNB: Czech household debts to banks rose to CZK 2.244 trillion in November.

Stock exchanges: CNBC: Copper prices could rise by more than 75 percent in the next two years. The Czech National Bank almost tripled the volume of gold in reserves last year to 30.67 tons. The price of gas in Europe fell below 30 euros per megawatt-hour for the first time since August.

Finance: The twenty largest hedge funds earned a record $67 billion last year. State support for building savings is being halved. Most of the 11 approved bitcoin EFTs will not survive, said the head of Grayscale. Survey: Czechs are most concerned about their health, neglect preventive checks. Spot bitcoin funds are heading to the market in the US, some analysts see it as a new era. Government debt rose to CZK 3.214 trillion in the third quarter of last year. Iran and Russia will not trade in dollars, but in their own currencies. Revenues of the Partners financial group rose by 17 percent last year to CZK 4.1 billion. Large American banks performed differently at the end of the year, Citigroup is in a loss. Analysis: All participating pension savings funds made a profit for clients last year. Large Chinese shadow bank ZEG entered bankruptcy proceedings. Survey: A third of Czechs are considering putting money aside for retirement in DIP. Association: Dynamic supplementary savings funds yielded an average of 20.6 pct. Survey: Over 27 pct of Czechs evaluate 2023 as a financially successful year, more than last year. US public debt exceeded USD 34 trillion for the first time.