4 064,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The Czech economy entered recession in the fourth quarter of last year. A school in Železný Brod acquired a nanofiber machine thanks to a partnership with Elmarco. The EU should produce more green technologies and key raw materials, the EC proposed. The Vysočina Region has 1.3 billion crowns ready to finance larger projects. Median: Czechs most often protect themselves against inflation by investing in gold. The average wage in the Czech Republic reached 40,353 crowns last year, but fell in real terms. The Russian Central Bank will extend restrictions on capital movements. Mayors are concerned that the revenue from the increased property tax would go to the state. The growth of the Canadian economy surprisingly stopped at the end of last year. Coronavirus and the energy crisis have increased interest in Elmarco's Nanospiders. New Zealand's central bank raised its base rate to a 14-year high. Investor confidence in the eurozone economy fell for the first time in five months in March. Agency: Interest in land for photovoltaic construction is rising by tens of percent. The vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. According to the spokesperson, the Czech National Bank does not work with materials with the highest level of secrecy. Bloomberg: Musk has returned to the position of the richest person in the world. Czech National Bank: There are no banks operating in the Czech Republic with a similar model to those that failed in the US. EBRD: Forecasts of an early interest rate cut in Central Europe are optimistic. Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. Zamrazilová: If the Czech National Bank predicts a 10 percent increase in wages, there is a risk of tightening monetary policy. IMF chief: There is disagreement on the issue of restructuring the debt of troubled countries.

Stock exchanges: UBS: China could control a third of the lithium market by 2025. Gold price rises above $1,900 per ounce due to banking sector troubles.

Finance: Swiss bank Credit Suisse has found serious shortcomings in its statements. Russia's Sberbank proposes to pay out a record 565 billion rubles in dividends. Moody's: European banking systems remain in good shape. HSBC to acquire British subsidiary of bankrupt SVB for one pound. SVB collapse may have an impact on regional US banks, some investors fear. Credit Suisse shares fall by a quarter, main investor rules out further aid. Bloomberg: US regulator leans towards splitting up bankrupt SVB bank. Revolut increased sales by 33 percent last year, was profitable for the first time the year before. CBA: Mortgage volume rose by 20 percent month-on-month in February, rates fell. SVB's collapse may have an impact on regional US banks, some investors fear. Bloomberg: Credit Suisse and those crazy, rich and anxious Asians. WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. Reuters: Credit Suisse is just buying time thanks to help from the central bank. European stocks fell sharply due to the collapse of two American banks. Survey: Apartment sales fell by more than half last year. The collapse of two American banks has only a limited impact in the EU, said the European Commissioner. Credit Suisse will borrow up to 50 billion Swiss francs from the central bank. The guarantee system paid 98 percent of compensation to 87,000 Sberbank clients in a year. Expert: The collapse of the American bank SVB will not affect Czech start-ups to a greater extent. CNBC: SVB is negotiating its sale because efforts to raise capital have failed. Survey: Half of young Czechs perceive investing as standard money management. CBA: The volume of mortgages in February increased by 20 percent month-on-month, rates fell.