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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 the spokesperson, the Czech National Bank does not work with materials of the highest level of secrecy. The priority of the MEPs for the next EU summit is the competitiveness of the economy. EU countries have agreed on the principles of returning to fiscal rules, but not on the details. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. The Czech Republic was among the EU countries with the highest inflation in February, according to the analysis. The Vysočina Region has prepared 1.3 billion crowns to finance larger projects. Bartoš: We must accelerate the equalization of regions and not be dependent on EU subsidies. The growth of the Canadian economy surprisingly stopped at the end of last year. Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. By 2035, 51 percent of the world's population could be overweight or obese, experts warn. EBRD: Predictions of an early interest rate cut in Central Europe are optimistic. Refugees from Ukraine are helping to alleviate Germany's labor shortage. IMF chief: There is disagreement on the issue of restructuring the debt of troubled countries. Inflation in the US slowed to six percent in February, the lowest since September 2021. The Czech economy entered recession in the fourth quarter of last year. The Senate rejected an initiative to constitutionally enshrine the right to pay in cash. The Russian Central Bank will extend restrictions on capital movements. The vice-governor of the Czech National Bank denied that the central bank's actions would lead to higher inflation. CVVM: Most Czechs trust the Constitutional Court, the Czech National Bank and the Ombudsman. Agency: Interest in land for photovoltaic construction is increasing by tens of percent. PwC: Czech companies primarily need a predictable environment from the government. iROZHLAS: European prosecutor is investigating possible subsidy fraud by a company from Olomouc. Companies convicted of insurance fraud will probably not have access to contracts. Bloomberg: Musk has returned to the position of the richest person in the world.

Stock exchanges: The price of gas for the European market has fallen below 50 euros, the lowest since December 2021. Mining giant Glencore achieved a record profit thanks to expensive oil and coal. Bloomberg: Tesla is considering taking over metal miner Sigma Lithium. Commodities have risen sharply in price after the invasion, many are now cheaper than before the war.

Finance: The guarantee system paid out 98 percent of compensation to 87,000 Sberbank clients in the year. The value of global financial stocks decreased by 465 billion USD after the SVB collapse. The Allianz insurance company increased its net profit by 1.9 percent last year to 6.7 billion euros. Buffett's company Berkshire Hathaway had a record operating profit last year. CBA: The volume of mortgages in February increased by 20 percent month-on-month, rates fell. UniCredit Bank: The profitability of investments in residential real estate fell in February. Expert: The collapse of the American bank SVB will not affect Czech start-ups to a greater extent. The collapse of two American banks has caused tension in the financial markets. The collapse of SVB may have an impact on regional US banks, some investors fear. Survey: Apartment sales fell by more than half last year year-on-year. The number of people saving for retirement in the third pillar fell by 40,000 to 4.39 million. The collapse of SVB may have an impact on regional US banks, some investors fear. European stocks have weakened sharply due to the collapse of two US banks. The US banking system is safe, the US president assured. Revolut increased sales by 33 percent last year, and the year before that it was profitable for the first time. Police: Fake bankers force callers to take out a loan and deposit money in a bitcoin wallet. Another bank, New York's Signature Bank, has collapsed in the US.