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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: Czech state debt increased to a record 2.997 trillion crowns in the first quarter. The Ministry of Finance sold bonds for 12 billion crowns as planned. The Winkelmann Group invests 110 million euros in Slovakia, will employ 450 people. The new members of the CNB Bank Board were in favor of rate stability in March. The Czech Republic is interested in Uzbek uranium and copper, said Prime Minister Fiala in Tashkent. The CNB's decision not to change interest rates is not surprising, according to analysts. The CNB is recording an increasing number of payment frauds. Inflation in Turkey continues to fall, falling to 50.5 percent in March. The Vysočina Region had 285 million higher tax revenues in the first quarter than last year. Foreign investors hold record volume of Czech government bonds. CNBC: Concerns about the collapse of the European commercial real estate market are growing. The Czech National Bank improved the economic outlook, but increased its estimate of annual inflation. Investment in commercial real estate in Europe was the lowest in 11 years until March. Australia was the first in the developed world to pause in raising interest rates. Ifo: The wave of price increases in Germany is over, but the decline in inflation will be slow. Entrepreneurs expect economic stagnation and high inflation this year. The Czech National Bank did not change rates, Michl warned of the pro-inflationary effect of the budget. Cross-border payments for online purchases will probably be recorded. According to analysts, the Czech National Bank will probably leave the interest rate at seven percent, they do not expect a reduction. The Czech National Bank fined ING Bank for violating the law against money laundering. The Wine Union does not agree with the proposal to introduce a tax on still wines. March inflation was slightly above the CNB forecast, food prices rose faster. IMF: Czech economy will fall by 0.5 percent this year, grow by 2 percent in 2024.

Stock exchanges: Golden Gate trader's sales increased by 23 percent last year to CZK 6.5 billion. Global demand for silver increased by 18 percent last year to a new record. Reuters: Will metal recycling help maintain the net zero emissions target?.

Finance: MF sold government bonds for CZK 21.8 billion, demand was higher. The value of investor Icahn's assets fell sharply due to allegations of unfair practices. German authorities have fined Wirecard's auditor half a million euros. The Fed has approved the merger of Swiss banks Credit Suisse and UBS in the United States. BNP Paribas doubled its profit in the quarter thanks to the sale of its American division. UBS management is trying to reassure shareholders about the takeover of rival Credit Suisse. Index: Most mutual funds made money for investors in March. Credit Suisse saw a large outflow of assets in the first quarter. Analysis: The average yield on corporate bonds in the Czech Republic rose to 8.28 percent in March. Erste, the owner of Česká spořitelna, increased its profit by 32 percent in the first quarter. Moody's has worsened the outlook for the rating of betting company Allwyn due to higher debt. Hello bank! will gradually end in the Czech Republic, and will stop providing new products from today. SAS Institute: Banks have been using artificial intelligence platforms for over a decade. Bank of America increased its profit in the quarter, while Goldman Sachs earned less. In the US, the third major bank has closed in two months, the authorities closed First Republic. The largest Swiss bank, UBS, saw its quarterly profit fall by 52 percent to USD 1 billion. Schrek expects that Vysočina will have money from Sberbank by the end of the year. Association: Banks are closing bank accounts of companies that deal with cryptocurrencies. Bank of America increased its profit in the quarter thanks to rising interest rates.