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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: According to analysts, the outcome of the CNB's interest rate talks is uncertain. CNB: The Czech Republic's foreign debt rose to CZK 4.546 trillion in the third quarter. Slovaks are taking early retirement en masse, companies see this as a risk. Inflation in November was 7.3 percent, experts expect a sharp drop in January. Last year, the state collected CZK 1.39 trillion in taxes, 17 percent more year-on-year. CRIF analysis: 207,772 entrepreneurs have disappeared in the Czech Republic by the end of November this year. Experts: Inflation in the Czech Republic will weaken next year, the economy is expected to recover slightly. Analysts: Unemployment in December rose mainly due to seasonal factors. Business activity in the eurozone surprisingly decreased again in December. One of the most cited Czech economists, Milan Zelený, has died, he was 81 years old. Year-on-year price growth slowed to 7.3 percent in November, the Czech Statistical Office announced. The Slovak Central Bank expects faster GDP growth and significantly lower inflation. The court cleared Maradona of charges of tax evasion worth millions three years after his death. Inflation slowed to 6.9 percent in December, a significant decline is expected next year. The World Bank expects global growth to slow to 2.4 percent this year. Retail in the Czech Republic grows year-on-year after 18 months, according to analysts, a surprise. The 5,000-crown note is the least used and the third most counterfeited banknote. Chains are reacting to VAT changes with actions, according to analysts, it is mainly marketing. Real sales of Slovak retail fell for the tenth month in a row in November. Around 100,000 people will have to file property tax returns in January. PwC: Inflation remains the main fear for investors, concerns are lower than last year. Analysts estimate December inflation between 7.2 and 7.5 percent and 10.8 percent for the year. Experts: The decline in construction is not surprising, production will start to grow this year. Experts: Investors' distrust is behind the November decline in housing construction. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. Industrial and construction production fell in November, foreign trade did well. Analysts: GDP is held back by household consumption, companies maintain increasingly higher profitability. The British economy fell slightly in the third quarter, recession is looming.

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

Finance: Iran and Russia will not trade in dollars, but in their own currencies. Hungary has the highest debt service costs in the entire European Union. The Israeli central bank has reduced its base interest rate by a quarter of a percentage point. CNB: Banks' gross profit increased by 5.5 billion to 180.1 billion CZK in three quarters. According to analysts, investments next year will hardly surpass this year's growth in shares. ČSOB estimates: The volume of mortgages provided fell by 25 billion to 138 billion CZK last year. The large Chinese shadow bank ZEG has entered bankruptcy proceedings. Hypoindex: The average mortgage rate fell to 5.96 percent in early January. The Hungarian Central Bank reduced the base interest rate by 75 points to 10.75 percent. The Turkish Central Bank increased the base interest rate to 42.5 percent. Banks have started to reduce mortgage rates, Moneta, KB and Raiffeisenbank announced the decrease. Spot bitcoin funds are heading to the market in the US, some analysts see this as a new era. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts. Association: Dynamic supplementary savings funds yielded an average of 20.6 percent last year. Retail investors invest significantly more in ETFs than institutions, the survey found.