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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: US inflation slowed to six percent in February, the lowest since September 2021. Almost half of Czech companies are investing a fifth of their investments in digitalization. Greece's rating will soon return to investment grade, according to the head of the central bank. Investor confidence in the eurozone economy fell for the first time in five months in March. Hampl: High inflation is more reflected in budget spending than revenue. The Russian Central Bank will extend restrictions on capital movements. Moody's has downgraded Ukraine's rating deeper into the speculative zone to Ca. People were still queuing for a special thousand-crown note today, and it sold out in the afternoon. The vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. iROZHLAS: The European prosecutor is investigating possible subsidy fraud by a company from Olomouc. Bartoš: We must accelerate the equalization of regions and not be dependent on EU subsidies. The Vysočina Region has 1.3 billion crowns ready to finance larger projects. Inflationary pressures in the Czech economy are only slowly fading, analysts agree. The Chinese Prime Minister said that it will be difficult to achieve GDP growth of around five percent. The Czech economy entered recession in the fourth quarter of last year. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. The government wants to prepare changes to the benefit system, and also mentions greater targeting of aid. 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. The Bishopric of Budějovice recovered from losses, revalued investment assets. Architect and businessman Vladimír Stehlík, associated with Poldi Kladno, has died. Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. The number of bankruptcies and reorganizations of companies in the Czech Republic fell by three percent last year to 723. The growth of the Canadian economy surprisingly stopped at the end of last year.

Stock exchanges: The Office for the Protection of Consumer Rights has allowed the metal scrap processor TSR to buy the company Barko. UBS: China could control a third of the lithium market by 2025. Mining giant Glencore achieved a record profit thanks to expensive oil and coal. The price of gas for the European market fell below 50 euros, the lowest since December 2021.

Finance: Analysis: Of the 1,094 corporate bonds in the Czech Republic, 186, or 17 percent, are secured. SVB's collapse may have an impact on regional US banks, some investors fear. Swiss bank Credit Suisse has discovered serious deficiencies in its statements. The number of payment cards in the Czech Republic has fallen by 77,000 year-on-year to 14.02 million. A British bank is considering buying the British division of the bankrupt American bank SVB. A Chinese company with a stake in a bankrupt American bank claims that it is operating stably. Another bank, New York's Signature Bank, has closed in the US. Expert: The collapse of the American bank SVB will not affect Czech start-ups to a greater extent. Russian bank Tinkoff has canceled interest payments on Eurobonds due to sanctions. The number of people with third-pillar pension savings has fallen by 40,000 to 4.39 million. The WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. The collapse of two American banks has caused tension on financial markets. HSBC nearly doubled its profit, but issued a cautious outlook. Buffett's Berkshire Hathaway had a record operating profit last year. The US banking system is safe, the US president assured. Turkey's current account deficit was the highest in at least a decade last year. Falter: Austrian Raiffeisen is interested in the remains of Sberbank Europe.