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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 Vysočina Region has 1.3 billion crowns ready to finance larger projects. E15: A possible missing check could cost the head of the Czech National Bank Michl his job, Pavel admitted. iROZHLAS: The European prosecutor is investigating a possible subsidy fraud by a company from the Olomouc region. Czech National Bank: There are no banks operating in the Czech Republic with a similar model to those that fell in the USA. DIW: The war in Ukraine reduced the performance of the German economy by 100 billion euros last year. According to a spokesperson, the Czech National Bank does not work with materials with the highest level of secrecy. The Russian Central Bank will extend the validity of restrictions on capital movements. The growth of the Canadian economy surprisingly stopped at the end of last year. PwC: Czech companies primarily need a predictable environment from the government. The Czech National Bank left the credit market protection rate unchanged today. The average wage in the Czech Republic reached 40,353 crowns last year, falling in real terms. The vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. CVVM: Most Czechs trust the Constitutional Court, the Czech National Bank and the Ombudsman. Companies convicted of insurance fraud will probably not have access to contracts. Investor confidence in the eurozone economy fell for the first time in five months in March. Agency: Interest in land for the construction of photovoltaics is increasing by tens of percent. The New Zealand central bank raised the base interest rate to a 14-year high. The number of pub and bar bankruptcies in Britain increased by 83 percent last year. After 30 years, Slovakia is the second largest export market, the fifth largest import market. In 2035, 51 percent of people in the world may be overweight or obese, experts warn. The Senate rejected the initiative to constitutionally enshrine the right to pay in cash. EBRD: Predictions of an early interest rate cut in Central Europe are optimistic. EU states have agreed on the principles of returning to fiscal rules, but not on the details.

Stock exchanges: Bloomberg: Tesla is considering taking over metals miner Sigma Lithium. The price of gas for the European market has fallen below 50 euros, the lowest since December 2021. The price of gold has risen above 1,900 USD per ounce due to difficulties in the banking sector. 9.4 tons of gold were imported to the Czech Republic last year, the most in the last 11 years.

Finance: The collapse of SVB may have an impact on regional US banks, some investors fear. The American SVB has gone bankrupt, the largest banking collapse in the US since 2008. The number of payment cards in the Czech Republic has fallen by 77,000 to 14.02 million year-on-year. The number of people with third-pillar pension savings has fallen by 40,000 to 4.39 million. The Russian bank Tinkoff has canceled interest payments on Eurobonds due to sanctions. UniCredit Bank: The profitability of investments in residential real estate has fallen in February. The WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. The guarantee system paid 98 percent of compensation to 87,000 Sberbank clients in a year. CNBC: SVB is negotiating its sale because efforts to raise capital have failed. Falter: Austrian Raiffeisen is interested in the remains of Sberbank Europe. The former head of bankrupt Wirecard denied that he was involved in fraud. Italian insurance company Generali increased operating profit by 11.2 percent last year. to a record. Police: Fake bankers force callers to take out a loan and deposit money in a bitcoin wallet. Buffett's company Berkshire Hathaway had a record operating profit last year. HSBC bank almost doubled its profit, but published a cautious outlook. Turkey's current account deficit was the highest in at least a decade last year. HSBC bank will acquire the British subsidiary of bankrupt SVB for one pound. CBA: Mortgage volume in February increased by 20 percent month-on-month, rates fell.