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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: Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. The Czech economy entered recession in the fourth quarter of last year. Thousands of people have been waiting outside the Czech National Bank since morning to receive a special thousand-crown note. In 2035, 51 percent of people in the world may be overweight or obese, experts warn. Moody's agency has lowered Ukraine's rating deeper into the speculative zone to Ca. Investor confidence in the eurozone economy fell for the first time in five months in March. Bloomberg: Musk returned to the position of the richest person in the world. The Czech National Bank today left the credit market protection rate unchanged. Exxon CEO criticized the EU's energy policy, saying it had gone too far. The number of bankruptcies and reorganizations of companies in the Czech Republic fell by three percent to 723 last year. Architect and businessman Vladimír Stehlík, associated with Poldi Kladno, has died. The Russian Central Bank will extend the validity of restrictions on capital movements. The government wants to prepare changes to the benefit system, also mentions greater targeting of aid. BBC: How many reserves does Russia have and how long will they last?. DIW: The war in Ukraine reduced the output of the German economy by 100 billion euros last year. 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. An exhibition marking the anniversary of the currency separation opens at the CNB visitor center. Thousands of people have been waiting in front of the CNB since morning, wanting to receive a commemorative thousand-crown note. Study: The number of bankruptcies of companies and entrepreneurs in the Czech Republic increased month-on-month in January. The average wage in the Czech Republic reached 40,353 crowns last year, falling in real terms. Companies convicted of insurance fraud will probably not have access to contracts. Inflationary pressures in the Czech economy are only slowly fading, analysts agree. The Bishopric of Budějovice recovered from losses, revalued investment assets. Agency: Interest in land for the construction of photovoltaics is increasing by tens of percent. According to a spokesperson, the Czech National Bank does not work with materials with the highest level of secrecy.

Stock exchanges: CNBC: The world is struggling with a shortage of copper, which may last until 2030. The value of the markets with emission allowances rose to a record 850 billion euros last year. The price of gas for the European market fell below 50 euros, the lowest since December 2021. The Office of the Competition Commissioner has allowed the metal scrap processor TSR to buy Barko. The world's largest gold miner Newmont wants to take over competitor Newcrest. Analyst: Energy prices fell significantly on the stock exchanges in January, gold rose in price.

Finance: HSBC Bank almost doubled its profit, but published a cautious outlook. Russian bank Tinkoff canceled interest payments on Eurobonds due to sanctions. UniCredit Bank: The profitability of investments in residential real estate fell in February. The American SVB has failed, it is the largest banking failure in the USA since 2008. Credit Suisse bank has the deepest loss since the 2008 crisis last year. Insurance company Allianz increased net profit by 1.9 percent to 6.7 billion euros last year. Moneta Money Bank increased net profit by 30.2 percent to 5.19 billion CZK last year. Turkey's current account deficit was the highest in at least a decade last year. CNBC: SVB is negotiating a sale because efforts to raise capital failed. Police: Fake bankers force callers to take out loans and deposit money in a bitcoin wallet. British bank is considering buying the British division of the bankrupt American bank SVB. Česká spořitelna's net profit rose by 42.2 percent to 20.2 billion CZK last year. Senate constitutional committee does not want the constitutional enshrinement of the right to pay in cash.