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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. The number of bankruptcies and company reorganizations in the Czech Republic fell by three percent last year to 723. After five years, there are more people out of work than vacancies, unemployment is 3.9 percent. An exhibition marking the anniversary of the currency separation opens in the CNB visitor center. Global economic growth will slow to 1.9 percent this year, the UN estimates. EU countries are arguing about new money to support the economy ahead of the summit. Domestic start-ups attracted investments worth tens of billions of CZK last year. Cross-border payments for online purchases will be recorded due to the fight against fraud. According to the IMF chief, global economic growth should rebound from the bottom this year. Despite pressure, the Japanese central bank did not change its monetary policy. The Entrepreneur of the Year of the Zlín Region is Tomáš Dudák, CEO of Spur. The number of bankruptcies of pubs and bars in Britain increased by 83 percent last year. Study: In the Czech Republic, the number of bankruptcies of companies and entrepreneurs increased month-on-month in January. In Kroměříž and the surrounding area, there were a slight decrease in the number of entrepreneurs last year, with over 12,000 remaining. USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. 921 personal bankruptcies were declared in the Czech Republic in January, 39 more than in December. BBC: How much does Russia have in reserves and how long will it last?. The empire of Indian businessman Adani continues to lose value rapidly after the accusation. Inflation in Turkey slowed to 57.7 percent, but is higher than expected. Moody's agency downgraded Ukraine's rating deeper into the speculative zone to Ca. Allianz: Cyberattacks and disruptions remain the biggest risks for companies. China remained Germany's largest trading partner last year, and has been for seven years. The British central bank raised interest rates to four percent, the highest since 2008. Thousands of people have been waiting outside the Czech National Bank since morning, wanting to receive a commemorative thousand-koruna. The number of banknotes and coins in circulation increased last year, but their value fell.

Stock exchanges: The Office for the Protection of Competition has allowed the TSR scrap metal processor to buy the Barko company. Gold exports from Switzerland to a number of countries rose to multi-year highs last year. BBC: Botswana sold diamonds for a record $4.5 billion last year. World Gold Council: Central banks bought the most gold last year since 1967. Analyst: Energy prices fell significantly on stock exchanges in January, gold rose in price. CNBC: The world is facing a copper shortage that could last until 2030. Nine people died after a gold mine collapse in Burkina Faso. Analysts: Gold rose 18 percent in three months, three percent in korunas.

Finance: Airline leasing companies are assessing risks in China and Taiwan. Confederation of Industry: The share of euro loans in companies has almost halved. Survey: More than half of Czech rich people managed to increase the value of their assets last year. The former head of bankrupt Wirecard denied that he was involved in fraud. Turkey's current account deficit was the highest in at least a decade last year. Société Générale's net profit fell by almost two-thirds last year. Mastercard: Retail sales before Christmas increased by 11.4 percent year-on-year. Survey: 35 percent of Czechs have experience with investing. WHO needs $2.54 billion this year, facing a large number of crises. Austria's Raiffeisen Bank International sharply increased its profit last year. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. Moneta Money Bank increased its net profit by 30.2 percent last year to CZK 5.19 billion.