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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: Global economic growth will slow to 1.9 percent this year, the UN estimates. The Fed raised the base interest rate by a quarter of a percentage point, as expected. CZK 108 billion was paid out of the IROP program in the ending period, 72 percent of the total amount. The Senate rejected the initiative to constitutionally enshrine the right to payment in cash. USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. An Argentine opposition politician calls for Maduro's arrest if he comes to the CELAC summit. Bartoš: We must accelerate the equalization of regions and not be dependent on EU subsidies. Thousands of people have been waiting in front of the Czech National Bank since morning to receive a special thousand crown. After five years, there are more people out of work than vacancies, unemployment is 3.9 percent. In Kroměříž and the surrounding area, the number of entrepreneurs decreased slightly last year, there are over 12,000 of them left. Analysis: Last year, 1,300 sole proprietors were lost in the Czech Republic, while in previous years they increased. The Czech Republic is the only EU country whose state debt increased in the third quarter last year. Architect and entrepreneur Vladimír Stehlík, associated with Poldi Kladno, has died. Cross-border payments for online purchases will be registered to combat fraud. PwC: Czech companies need a predictable environment from the government above all. 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. The Czech National Bank has improved its economic development estimate, expecting a GDP decline of 0.3 percent this year. The number of bankruptcies and reorganizations of companies in the Czech Republic fell by three percent to 723 last year. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. DIW: The war in Ukraine reduced the performance of the German economy by 100 billion euros last year. According to Pavel, pension and tax reforms are necessary, they need to be explained to people. Survey: 83 percent of Czech households are concerned about inflation. China remained Germany's largest trading partner last year, and has been for seven years. The CNB Bank Board divided its responsibilities at a meeting after personnel changes.

Stock exchanges: Analysts: Gold rose by 18 percent in three months, in Czech crowns by three percent. The Brazilian government deployed the army to fight illegal miners in the Amazon. World Gold Council: Central banks bought the most gold last year since 1967. The value of the emission allowance markets rose to a record 850 billion euros last year. Mining giant Glencore achieved record profits thanks to expensive oil and coal. CNBC: The world is struggling with a copper shortage that could last until 2030. Nine people died after a collapse in a gold mine in Burkina Faso. Commodities rose sharply after the invasion, and many are now cheaper than before the war.

Finance: Austria's Raiffeisen Bank International increased its profit sharply last year. Turkey's current account deficit was the highest in at least a decade last year. The number of payment cards in the Czech Republic fell by 77,000 year-on-year to 14.02 million. Deutsche Bank increased its pre-tax profit by 68 percent last year to a 15-year high. Former head of bankrupt Wirecard denies involvement in fraud. PayPal plans to lay off 2,000 people, about seven percent of its workforce. HSBC nearly doubles profits but issues cautious outlook. Société Générale's net profit plunges by almost two-thirds last year. Mastercard: Retail sales before Christmas up 11.4 percent year-on-year. Insurance companies uncover more than CZK 1 billion in fraud last year, up from a year ago. Analysis: Of the 1,094 corporate bonds in the Czech Republic, 186, or 17 percent, are secured. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February.