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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 EBRD last year invested a record 13.1 billion euros, part of which went to Ukraine. The Japanese central bank did not change its monetary policy despite pressure. The Zlín Region's Entrepreneur of the Year is Tomáš Dudák, CEO of Spur. Survey: Investments from the US and Europe to China often go through tax havens. The British central bank raised interest rates to four percent, the highest since 2008. The Senate committee did not support breaking banking secrecy due to the OLAF investigation. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. The inflation rate in Argentina exceeded 94 percent, the fifth highest in the world. Lawyer Michal and businessman Überall filed constitutional complaints in a tax case. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. The Czech National Bank could raise rates in the event of a large January price increase. Inflation in Turkey slowed to 57.7 percent, but is higher than expected. According to Pavel, pension and tax reforms are necessary, they must be explained to people. Analysts: The November decline in construction production does not indicate a crisis in the sector. The IMF does not expect the outlook for the global economy to worsen, the fund's head said. The number of banknotes and coins in circulation increased last year, but their value fell. PwC: 73 percent of CEOs expect a decline in the global economy this year. The Swiss Central Bank reported a record loss of 132 billion francs. An Argentine opposition politician calls for Maduro's arrest if he comes to the CELAC summit. Markets underestimate ECB's determination to continue raising rates, warns Governing Council member. World Economic Forum meeting to see record attendance this year. Russia must lose for war to end, Scholz says in Davos. Economists from Goldman Sachs have improved their outlook for the eurozone, no longer expecting a recession. The British economy grew surprisingly in November, boosted by football. EU and Czech residents are most concerned about rising living costs, according to Eurobarometer. Deloitte: Czech Republic faces recession due to energy crisis, GDP to fall by 1.1 percent. Ministry of Culture to support cooperation between designers and businesses. Entrepreneurs in Kroměříž and its surroundings fell slightly last year, with over 12,000 remaining.

Stock exchanges: Analysts: Gold rose 18 percent in three months, 3 percent in korunas. Bloomberg: Tesla is preparing to conclude a preliminary agreement to build a plant in Indonesia. EUObserver: Mine in the Arctic part of Sweden threatens the indigenous Sami population. BASF and Eramet plan a nickel and cobalt processing plant in Indonesia. BBC: Botswana sold diamonds for a record $4.5 billion last year.

Finance: Confederation of Industry: The share of euro loans in companies has almost halved. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. Hartenberg from Babiš's trust funds multiplied net profit to CZK 130 million. Insurance companies uncovered fraud worth more than CZK 1 billion last year, more than a year ago. Lebanon promised to pay a debt to the UN to regain voting rights. Moneta Money Bank increased net profit by 30.2 percent last year to CZK 5.19 billion. Survey: 35 percent of Czechs have experience with investing. Jack Ma will no longer control Chinese fintech giant Ant Group. Mastercard: Retail sales before Christmas rose by 11.4 percent year-on-year. Banks: The share of problematic bank loans to households fell further. PayPal intends to lay off 2,000 people, which is about seven percent of its workforce. JPMorgan and Bank of America increased profits, but Citigroup's profit fell.