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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 introduction of a global minimum corporate tax will change investment flows, the OECD said. Vice-governor of the Czech National Bank: The decision to adopt the euro requires a broader political consensus. Experts: The decline in construction 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. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, and the sixth in November. Czech National Bank: The balance of payments ended the 3rd quarter with a surplus of CZK 4.6 billion. Chains react to VAT changes with actions, according to the analyst, it is mainly marketing. Frolík: The Czech Republic lacks a long-term strategy agreed across the political spectrum. The World Bank expects a slowdown in global growth to 2.4 percent this year. Study: 277,000 sole proprietors closed their businesses in the Czech Republic last year, the most since 1993. Survey: Companies expect higher inflation in 2024 as well, three quarters above five percent. Retail trade in the Czech Republic after 18 months of year-on-year growth, according to analysts, a surprise. The court cleared Maradona of charges of tax evasion worth millions three years after his death. The state collected 1.39 trillion crowns in taxes last year, 17 percent more year-on-year. The inflation rate in Argentina reached 211 percent, the highest in 32 years. The year 2024 will bring restrictions on tax deductions, an increase in property tax or changes in VAT. DPA: Inflation in Turkey - when butter and meat become a luxury. The Czech National Bank has lowered interest rates, according to Michl, inflationary pressures are fading. CNB Spokesperson Krmelová will head a different department of the central bank from January 15. Experts: Investors' distrust is behind the November decline in housing construction. The 5,000-crown note is the least used and third most counterfeited banknote. Bloomberg: The transition to electric cars threatens suppliers in the Czech Republic and Slovakia. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. The inflation rate in Poland surprisingly slowed to 6.1 percent in December. One of the most cited Czech economists, Milan Zelený, has died at the age of 81. Real sales of Slovak retail fell for the tenth month in a row in November. The minimum wage will increase to 18,900 CZK, four out of eight guaranteed wages will increase.

Stock exchanges: The price of cocoa on the London market has increased the most this year since 1989. The Czech National Bank almost tripled the volume of gold in its reserves to 30.67 tons last year.

Finance: In the US, spot bitcoin funds are heading to the market, some analysts see it as a new era. According to analysts, investments next year will hardly surpass this year's growth in stocks. The US public debt has exceeded the 34 trillion USD mark for the first time. Over 400,000 people have activated the contactless payment service in a month. Raiffeisenbank analysts: Czech Republic's GDP will grow by 1.7 percent next 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. According to a member of the Governing Council, the ECB would not have to start cutting interest rates this year. The Turkish Central Bank has increased the base interest rate to 42.5 percent. The Hungarian Central Bank has reduced the base interest rate by 75 points to 10.75 percent. Banks provided mortgages worth CZK 150 billion last year, a quarter less year-on-year. The debt of government institutions rose to CZK 3.214 trillion in the third quarter of last year. State support for building savings is being halved. Hungary has the highest debt service costs in the entire European Union. Banks have started to reduce mortgage rates, with Moneta, KB and Raiffeisenbank announcing a decrease. Analysis: The Czech Republic is among the countries in Europe with the highest increase in the number of card payments.