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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: Indian businessman Adani's empire continues to lose value rapidly after charges. USGS: Damage from Turkey earthquake could reach $10 billion. Moody's downgrades Ukraine's credit rating deeper into speculative zone to Ca. DIW: War in Ukraine reduced German economic output by €100 billion last year. Refugees from Ukraine help ease Germany's labor shortage. Senate rejects initiative to enshrine right to cash in constitution. Argentine opposition politician calls for Maduro's arrest if he attends CELAC summit. Number of pub and bar bankruptcies in Britain rose 83 percent last year. Fed raises key interest rate by quarter of a percentage point, as expected. The Budějovice bishopric recovered from losses, valued its investment assets. BBC: How many reserves does Russia have and how long will it last?. Reuters: Japanese worker's salary increased for the first time in 20 years. Architect and businessman Vladimír Stehlík, associated with Poldi Kladno, has died. According to Pavel, pension and tax reforms are necessary, they need to be explained to people. Despite pressure, the Japanese central bank has not changed its monetary policy. The Zlín Region's Entrepreneur of the Year is Tomáš Dudák, CEO of Spur. Allianz Trade: World economic growth could accelerate next year. Inflation in Turkey has slowed to 57.7 percent, but it is higher than expected. For the war to end, Russia must lose, said Scholz in Davos. Bartoš: We must accelerate the equalization of regions and not be dependent on EU subsidies. Hampl: The Czech economy should return to price stability as soon as possible. The number of bankruptcies and company reorganizations in the Czech Republic fell by three percent last year to 723. People were still queuing for the special 1,000-crown note today, which sold out in the afternoon. China remained Germany's largest trading partner last year, and has been for seven years. The UN estimates that global economic growth will slow to 1.9 percent this year.

Stock exchanges: EUObserver: A mine in the Arctic part of Sweden threatens the indigenous Sami population. Analyst: Energy prices fell significantly on the stock exchanges in January, gold rose in price. CNBC: The world is facing a copper shortage that could last until 2030. 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 last year. Analysts: Gold rose 18 percent in three months, three percent in Czech crowns. The Office of the Competition Commissioner has allowed the metal scrap processor TSR to buy the company Barko. The price of gas for the European market has fallen below €50, the lowest since December 2021.

Finance: Insurance companies uncovered fraud worth more than a billion CZK last year, more than a year ago. PayPal intends to lay off 2,000 people, about seven percent of its workforce. The former head of bankrupt Wirecard has denied any involvement in fraud. Lebanon has promised to pay the UN debt to regain its voting rights. Confederation of Industry: The share of euro loans in companies has almost halved. WHO needs $2.54 billion this year, facing a large number of crises. Credit Suisse has the deepest loss since the 2008 crisis last year. Turkey's current account deficit was the highest in at least a decade last year. Austria's Raiffeisen Bank International increased its profit sharply last year. Fraudsters defrauded two women from Prague of more than four million crowns. UniCredit Bank: The profitability of investments in residential real estate fell in February. Deutsche Bank increased its pre-tax profit by 68 percent last year to a 15-year high.