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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 invested a record 13.1 billion euros last year, some of which went to Ukraine. Taiwan's economy fell the most in 13 years in the quarter due to weak exports. An Argentine opposition politician calls for Maduro to be arrested if he comes to the CELAC summit. The Ministry of Culture will support cooperation between designers and businesses. The inflation rate in Argentina exceeded 94 percent, the fifth highest in the world. UniCredit Bank was fined 10 million CZK by the Czech National Bank for violating mortgage rules. The Czech National Bank could raise rates in the event of a large increase in January prices. The Czech Republic enters 2023 with a presidential election, people will not go to the polls again until a year later. A further increase in rates in the US could throw the stock markets into chaos, an investor believes. The rise in the cost of living is the biggest concern for EU and Czech residents, according to Eurobarometer. After two years, the government agenda was not dominated by Covid, but by the Russian invasion. The BDI industry association expects the German economy to decline by 0.3 percent this year. Domestic start-ups attracted investments worth tens of billions of CZK last year. 30 people were indicted in the 438 million CZK fraud case at ČKD Praha DIZ. Survey: Investments from the US and Europe to China often go through tax havens. EY: American companies dominate the stock market despite losses by technology companies. The Japanese central bank did not change its monetary policy despite pressure. Analysts: Industry grew the least since July in November, thanks only to car production. The IMF does not expect the outlook for the global economy to worsen, the fund's head said. According to the CRIF study, the number of bankruptcies of companies and entrepreneurs decreased in the Czech Republic last year. Dun & Bradstreet: Number of unreliable VAT payers increased by 13 percent last year. EU countries are fighting over new money to support the economy ahead of the summit. Study: Three times more self-employed people closed their businesses in November than usual. German industry returned to growth in November, but some companies expect a downturn. Lagarde: The economic outlook for the eurozone has improved despite high inflation. According to CNB Governor Michl, the Czech Republic expects a year of significant inflation reduction this year. Markets are underestimating the ECB's determination to continue raising rates, a member of the Governing Council warned. The British economy grew surprisingly in November, supported by football.

Stock markets: NWT's creditors reported claims for almost 1.682 billion crowns. The price of gold rose to a six-month high. The price of gas for the European market has fallen below 70 euros per megawatt-hour. BASF and Eramet are planning a nickel and cobalt processing plant in Indonesia. Gold exports from Switzerland to a number of countries rose to multi-year highs last year.

Finance: New York State charges founder of crypto-loan firm Celsius with fraud. US authority extends Sberbank CZ's exemption from sanctions, sales can continue. Survey: 35 percent of Czechs have experience with investing. Leading US banks JPMorgan and Bank of America increased quarterly profits. Index: The value of all types of mutual funds fell in December. CNBC: Space company SpaceX will receive $750 million from investors. US regulators have issued a joint warning to banks about the risks of cryptocurrencies. ČSOB: Banks provided mortgages worth CZK 163 billion last year, 40 percent of the volume in 2021. Insurance companies uncovered fraud worth more than CZK 1 billion last year, more than a year ago. Aircraft leasing companies are assessing risks in China and Taiwan. WHO needs $2.54 billion this year, facing a large number of crises. Confederation of Industry: The share of euro loans in companies has almost halved.