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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: Businessmen expect economic stagnation and high inflation this year. New members of the CNB bank board were in favor of rate stability in March. The volume of mergers and acquisitions was the lowest in more than a decade in the first quarter. Former finance ministers: The approved state budget deficit is unrealistic, it will be higher. The state budget ended in a record deficit of 166.2 billion crowns in March. HN: Monetary policy analysis expert Dana Hájková is leaving the CNB. Analysts: Confidence in the economy indicates that the Czech Republic has already overcome the recession. The head of the Polish central bank hopes to be able to start cutting interest rates this year. Police have charged 17 people with VAT fraud with a loss of 30 million crowns. According to statistics, the German economy stagnated in the first quarter. The Vysočina Region had 285 million higher tax revenues in the first quarter than last year. Cross-border payments for online purchases will probably be recorded. The trend of gradual departure from the US dollar continues to strengthen in the world. Former CNB Vice Governor Tomáš Nidetzký has been leading the National Development Bank since May. CNBC: Concerns are growing about the collapse of the European commercial real estate market. Putin's new decree allows Moscow to take control of foreign property in Russia. Analysis: Bank rates on savings accounts have remained at the same level since January. Foreign investors hold a record volume of Czech government bonds. The CNB has fined ING Bank for violating the Anti-Money Laundering Act. The CNB has recorded a growing number of payment frauds. March inflation was slightly above the CNB forecast, food prices rose faster.

Stock exchanges: Index: Commodity prices fell by five percent this year, with natural gas falling the most. The price of gold exceeded $2,000 per ounce and rose the most since March 2022. The Mangan Chvaletice company will begin testing a verification unit for manganese production. Global demand for silver increased by 18 percent last year to a new record.

Finance: Stuchlík's company will increase its stake in the Quant fund, which will no longer be associated with Michl. Trinity Bank will pay shareholders 378.2 million crowns in dividends. Komerční banka has a photovoltaic power plant on the roof of its Prague headquarters. The banking crisis in the US is not over yet, the head of JPMorgan Chase warned. SAS Institute: Banks have been using artificial intelligence platforms for over a decade. Russia's Sberbank reported a profit of 350.2 billion rubles in the first quarter. First Republic shares weaken after news that the company is heading for forced administration. The administrator of Sberbank CZ sold all of the bank's corporate bonds for 718 million CZK. BNP Paribas doubled its profit in the quarter thanks to the sale of its American division. The third major bank in the US closed in two months, the authorities closed First Republic. UniCredit Bank in the Czech Republic and Slovakia increased its net profit by 19 percent this year to 2.2 billion CZK. Bank of America increased its profit in the quarter thanks to rising interest rates. Bank of America increased its profit in the quarter, while Goldman Sachs earned less. The circle of institutions for which the Czech National Bank determines capital equipment is likely to expand. Former British finance minister Nigel Lawson has died at the age of 91. Credit Suisse recorded a large outflow of assets in the first quarter. Moody's downgrades Allwyn betting company's rating outlook due to higher debt. CFIG financial group's net profit rose 29 percent to 76 million crowns last year. Investor Icahn's assets plummeted amid allegations of unfair practices. Charles Schwab shares suffer worst monthly drop since 1987.