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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 Fed raised the base interest rate by a quarter of a percentage point as expected. BBC: How many reserves does Russia have and how long will it last?. The vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. The Russian central bank will extend the restrictions on capital movements. The bishopric of Budějovice recovered from losses, revalued investment assets. The number of bankruptcies of pubs and bars in Britain increased by 83 percent last year. The Czech National Bank's Bank Board divided its powers at a meeting after personnel changes. Moody's agency lowered Ukraine's rating deeper into the speculative zone to Ca. Inflation in Turkey slowed to 57.7 percent, but is higher than expected. The Slovak economy maintained the pace of quarter-on-quarter growth, but the year-on-year growth slowed. Producer prices in the Czech Republic continued to grow by tens of percent in January. PwC: Czech companies need a predictable environment from the government above all. The British central bank raised interest rates to four percent, the highest since 2008. The number of bankruptcies and company reorganizations in the Czech Republic fell by three percent last year to 723. IMF chief: There are disagreements on the issue of debt restructuring of troubled countries. USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. Bloomberg: Musk has returned to the position of the richest person in the world. The Senate rejected the initiative to constitutionally enshrine the right to payment in cash. The average wage in the Czech Republic reached 40,353 crowns last year, falling in real terms. According to the head of the central bank, Greece's rating will soon return to the investment band. Investor confidence in the eurozone economy fell for the first time in five months in March. E15: Possible missing check could cost CNB chief Michl his job, Pavel admitted. After five years, there are more people out of work than vacancies, unemployment is 3.9 percent. People were still queuing for a special thousand-crown note today, it sold out in the afternoon. Refugees from Ukraine are helping to alleviate the shortage of workers in Germany. Indian businessman Adani's empire continues to lose value rapidly after accusations.

Stock markets: CNBC: The world is struggling with a copper shortage that could last until 2030. BBC: Botswana sold diamonds for a record $4.5 billion last year. Nine people died after a gold mine collapse in Burkina Faso. 9.4 tons of gold were imported to the Czech Republic last year, the most in the last 11 years. Commodities rose sharply after the invasion, and many are now cheaper than before the war. Analyst: Energy prices fell significantly on the stock exchanges in January, and gold rose in price.

Finance: Česká spořitelna's net profit rose by 42.2 percent last year to 20.2 billion crowns. Falter: Austrian Raiffeisen is interested in the remains of Sberbank Europe. Buffett's company Berkshire Hathaway had a record operating profit last year. Analysis: Of the 1,094 corporate bonds in the Czech Republic, 186 are secured, or 17 percent. The number of payment cards in the Czech Republic fell by 77,000 year-on-year to 14.02 million. Police: Fake bankers force callers to take out loans and deposit money into a bitcoin wallet. Turkey's current account deficit was the highest in at least ten years last year. The number of people saving for a third-pillar pension fell by 40,000 to 4.39 million. Credit Suisse bank had its deepest loss last year since the 2008 crisis. Moneta Money Bank increased its net profit by 30.2 percent to CZK 5.19 billion last year. The WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. Austria's Raiffeisen Bank International increased its profit sharply last year. Allianz insurance company increased its net profit by 1.9 percent to EUR 6.7 billion last year.