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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 vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. The Czech economy entered recession in the fourth quarter of last year. According to the spokesperson, the Czech National Bank does not work with materials with the highest level of secrecy. The growth of the Canadian economy surprisingly stopped at the end of last year. A school in Železný Brod acquired a nanofiber machine thanks to a partnership with Elmarco. The Russian Central Bank will extend the validity of restrictions on capital movements. Investor confidence in the eurozone economy fell for the first time in five months in March. The Czech National Bank left the credit market protection rate unchanged today. Survey: 83 percent of Czech households are concerned about inflation. Mayors are concerned that the revenue from the increased property tax would go to the state. Companies convicted of insurance fraud will probably not have access to contracts. EBRD: Predictions of an early interest rate cut in Central Europe are optimistic. EU countries have agreed on the principles of returning to fiscal rules, but not on the details. iROZHLAS: The European prosecutor is investigating a possible subsidy fraud by a company from Olomouc. Inflationary pressures in the Czech economy are only slowly fading, analysts agree. E15: Any missing due diligence could cost CNB chief Michl his job, Pavel admitted. Almost half of companies in the Czech Republic invest a fifth of their investments in digitalization. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. Inflation in the US slowed to six percent in February, the lowest since September 2021. ČNB: There are no banks operating in the Czech Republic with a similar model to those that failed in the US.

Stock exchanges: UBS: China could control a third of the lithium market by 2025. 9.4 tons of gold were imported to the Czech Republic last year, the most in the last 11 years.

Finance: A British bank is considering buying the British division of the bankrupt American bank SVB. The collapse of two American banks has caused tension in financial markets. Credit Suisse shares fell by 30 percent, the main investor ruled out further aid. CBA: Mortgage volume in February increased by 20 percent month-on-month, rates fell. The British central bank is holding extraordinary negotiations over Credit Suisse. Expert: The collapse of the American bank SVB will not affect Czech start-ups to a greater extent. Revolut increased sales by 33 percent last year, the year before that it was profitable for the first time. The collapse of SVB may have an impact on regional US banks, some investors fear. The Russian bank Tinkoff has canceled interest payments on Eurobonds due to sanctions. ČSOB today warned against fraudsters who abuse its logo. First Citizens BancShares is considering an offer for the bankrupt SVB bank. The WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. The collapse of SVB may have an impact on regional US banks, some investors fear. CBA: The volume of mortgages in February increased by 20 percent month-on-month, rates fell. Reuters: Credit Suisse is just buying time thanks to help from the central bank. The American SVB has failed, the largest bank failure in the US since 2008. CNBC: SVB is in talks to sell itself after efforts to raise capital failed. The American banking system is safe, the American president assured. The value of global financial stocks decreased by $465 billion after the SVB collapse. The Swiss central bank will provide Credit Suisse with liquidity if necessary. Bloomberg: UBS asks for government support in case of a takeover of Credit Suisse. A Chinese company with a stake in a bankrupt American bank claims that it is operating stably.