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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 Czech National Bank's Board of Directors is divided on whether to cut rates further. Survey: Companies expect higher inflation in 2024, three-quarters above five percent. Germany is no longer in danger of a gas shortage during the winter, and will quickly replenish supplies over the summer. 2024 will bring restrictions on tax breaks, an increase in property tax, and changes to VAT. Inflation in Britain unexpectedly accelerated to four percent in December. Inflation in Slovakia slowed in December, but remained in double digits for the entire year. Approximately 100,000 people will have to file property tax returns in January. The inflation rate in Argentina has reached 211 percent, the highest in 32 years. The Czech National Bank has cut interest rates, according to Michl, inflationary pressures are fading. The British economy has fallen slightly in the third quarter, a recession is looming. Experts: Inflation in the Czech Republic will weaken next year, the economy is expecting a slight recovery. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. The Czech Statistical Office and the Czech National Bank: The net worth of Czech households last year was 3.77 million crowns. The German economy fell by 0.3 percent last year under the pressure of global crises. Slovaks are taking early retirement en masse, companies see this as a risk. Frolík: The Czech Republic lacks a long-term strategy agreed across the political spectrum. Vice-governor of the Czech National Bank: The decision to adopt the euro requires broader political consensus. Industrial and construction production fell in November, foreign trade was successful. More than 250 billionaires and millionaires call on politicians to tax the rich more. CRIF: 659 companies declared bankrupt last year, 40 fewer than a year earlier. Court acquits Maradona of millions in tax evasion charges three years after his death. The introduction of a global minimum corporate tax will change investment flows, the OECD said. Retail in the Czech Republic grows year-on-year after 18 months, analysts say, a surprise. Unemployment in the Czech Republic rose in December, analysts say due to seasonality. Experts: Investors' distrust is behind the November decline in apartment construction. CNB spokeswoman Krmelová will head a different central bank department from January 15. Survey: 49 percent of Czechs are worried about inflation, it is the main source of concern. The outcome of the CNB's negotiations on interest rates is uncertain, according to analysts.

Stock exchanges: The price of gold rose the most in three years this year and ended above 2,000 USD. The Czech National Bank almost tripled the volume of gold in reserves last year to 30.67 tons.

Finance: Analysis: All participating pension savings funds made a profit for clients last year. Spot bitcoin funds are heading to the market in the US, some analysts see this as a new era. Bloomberg: Chinese banks are tightening their approach to Russian clients due to US sanctions. Hypoindex: The average mortgage rate fell to 5.96 percent in early January. Iran and Russia will not trade in dollars, but in their own currencies. Czech National Bank: Banks' gross profit increased by 5.5 billion to 180.1 billion CZK in three quarters. Hungary has the highest debt service costs in the European Union. US public debt exceeds $34 trillion for the first time. Goldman Sachs increased its quarterly profit, while Morgan Stanley's profit fell. The Russian central bank, as expected, raised its base interest rate to 16 percent. Analysts say that investments next year will hardly surpass this year's stock growth. The Turkish central bank has raised its base interest rate to 42.5 percent. State support for building savings is being halved. According to a member of the Governing Council, the ECB would not have to start cutting interest rates this year. Revenues of companies in the Partners financial group rose by 17 percent last year to CZK 4.1 billion.