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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: DIW: The war in Ukraine reduced the performance of the German economy by 100 billion euros last year. Study: In the Czech Republic, the number of bankruptcies of companies and entrepreneurs increased month-on-month in January. Global economic growth will slow to 1.9 percent this year, the UN estimates. Indian businessman Adani's empire continues to lose value rapidly after accusations. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. An exhibition marking the anniversary of the currency separation opens in the CNB visitor center. Lawyer Michal and entrepreneur Überall have filed constitutional complaints in a tax case. 921 personal bankruptcies were declared in the Czech Republic in January, 39 more than in December. iROZHLAS: The European prosecutor is investigating possible subsidy fraud by a company from Olomouc. The Slovak economy maintained its quarterly growth rate, but the year-on-year growth rate slowed. The vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. The number of pub and bar bankruptcies in Britain increased by 83 percent last year. Almost half of companies in the Czech Republic are investing a fifth of their investments in digitalization. People are still queuing for a special thousand-crown gift today, it sold out in the afternoon. In Kroměříž and the surrounding area, there were a slight decrease in the number of entrepreneurs last year, over 12,000 remain. Analysis: The number of sole proprietors in the Czech Republic decreased by 1,300 last year, while the number increased in previous years. Cross-border payments for online purchases will be recorded in order to combat fraud. China remained Germany's largest trading partner last year, and has been for seven years. Survey: 83 percent of Czech households are concerned about inflation. Architect and entrepreneur Vladimír Stehlík, associated with Poldi Kladno, has died. Partners pledge $30 billion to Africa to boost food production. Refugees from Ukraine help ease Germany's labor shortage. Bloomberg: Musk returns to world's richest person. Czech National Bank improves economic forecast, expects GDP to fall by 0.3 percent this year.

Stock exchanges: 9.4 tons of gold were imported to the Czech Republic last year, the most in 11 years. CNBC: The world is facing a copper shortage that could last until 2030. The price of gas for the European market has fallen below 50 euros, the lowest since December 2021. BBC: Botswana sold diamonds for a record $4.5 billion last year. The world's largest gold miner Newmont wants to take over competitor Newcrest. Swiss gold exports to a number of countries rose to multi-year highs last year. Mining giant Glencore achieved record profits thanks to expensive oil and coal. Analysts: Gold rose 18 percent in three months, three percent in korunas. World Gold Council: Central banks bought the most gold last year since 1967.

Finance: The number of people with third-pillar pension savings fell by 40,000 to 4.39 million. Mastercard: Retail sales before Christmas rose by 11.4 percent year-on-year. Survey: Apartment sales fell by more than half year-on-year last year. HSBC almost doubled its profit, but published a cautious outlook. Moneta Money Bank increased its net profit by 30.2 percent last year to CZK 5.19 billion. Fraudsters defrauded two women from Prague of more than four million crowns. Deutsche Bank increased its pre-tax profit by 68 percent last year to a 15-year high. The US authority extended Sberbank CZ's exemption from sanctions, sales can continue. The Senate Constitutional Commission does not want the constitutional enshrinement of the right to pay in cash. The former head of the bankrupt Wirecard denied that he participated in fraud. The number of payment cards in the Czech Republic fell by 77,000 year-on-year to 14.02 million. Austria's Raiffeisen Bank International sharply increased its profit last year.