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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: iROZHLAS: European prosecutor investigates possible subsidy fraud by a company from Olomouc. Partners have promised Africa $30 billion to develop food production. Global economic growth will slow to 1.9 percent this year, the UN estimates. Moody's agency has downgraded Ukraine's rating deeper into the speculative zone to Ca. The Czech Republic is the only EU country whose state debt increased in the third quarter of last year. Hampl: The Czech economy should return to price stability as soon as possible. Cross-border payments for online purchases will be recorded to combat fraud. For the war to end, Russia must lose, Scholz said in Davos. German GDP fell by 0.2 percent in the 4th quarter, up 1.8 percent for the whole year. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. Architect and businessman Vladimír Stehlík, associated with Poldi Kladno, has died. Refugees from Ukraine are helping to alleviate the shortage of workers in Germany. USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. The British central bank raised interest to four percent, the highest since 2008. PwC: Czech companies need a predictable environment from the government above all. The number of banknotes and coins in circulation increased last year, their value fell. 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-koruna. The Slovak economy maintained its quarterly growth rate, but the year-on-year growth rate slowed. The empire of Indian businessman Adani continues to lose value rapidly after the indictment. EU countries are arguing about new money to support the economy before the summit. DIW: The war in Ukraine reduced the performance of the German economy by 100 billion euros last year. Thousands of people have been waiting outside the Czech National Bank since morning to receive a special thousand-crown note. China remained Germany's largest trading partner last year, and has been for seven years. An Argentine opposition politician is calling for Maduro to be arrested if he comes to the CELAC summit.

Stock markets: The Brazilian government has deployed the army to fight illegal miners in the Amazon. Analyst: Energy prices fell significantly on the stock markets in January, gold rose in price. The Office for the Protection of the Rights of Persons with Disabilities has allowed the TSR scrap metal processor to buy the Barko company. Nine people died after a gold mine collapse in Burkina Faso. The price of gas for the European market fell below 50 euros, the lowest since December 2021. BBC: Botswana sold diamonds for a record $ 4.5 billion last year. Mining giant Glencore achieved a record profit thanks to expensive oil and coal. CNBC: The world is struggling with a copper shortage that may last until 2030.

Finance: The US authority extended Sberbank CZ's exemption from sanctions, sales can continue. Austria's Raiffeisen Bank International increased profits sharply last year. Insurance company Allianz increased its net profit by 1.9 percent last year to 6.7 billion euros. Mastercard: Retail sales before Christmas rose by 11.4 percent year-on-year. Aircraft leasing companies are assessing risks in China and Taiwan. Moneta Money Bank increased its net profit by 30.2 percent to CZK 5.19 billion last year. UniCredit Bank: The profitability of residential real estate investments fell in February. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. Lebanon promised to pay a debt to the UN to regain voting rights. The number of people saving for a pension in the third pillar fell by 40,000 to 4.39 million. Insurance companies uncovered fraud worth more than CZK 1 billion last year, more than a year ago. Senate constitutional committee does not want the constitutional enshrinement of the right to pay in cash.