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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: According to Reuters, Greece has repaid its loan from the eurozone early for the first time. Analysts criticize the government for not reforming public finances in the first year. The Indian central bank raised the base interest rate to 6.25 percent, worsening the outlook. The Czech National Bank spent 79 million euros on interventions in October, the least in the intervention period. The budget had a deficit of 360.4 billion CZK, the national debt rose to 2.895 trillion. Activity in the US manufacturing sector fell for the first time in two and a half years. Further rate increases in the US could throw stock markets into chaos, investors believe. The Australian central bank raised interest rates to a ten-year high of 3.10 percent. The EBRD invested a record 13.1 billion euros last year, part of which went to Ukraine. The first coins with the portrait of King Charles III are being put into circulation in Britain. According to the Governor of the Czech National Bank Michl, the Czech Republic is expecting a year of significant inflation reduction this year. Hot tub manufacturer USSPA's profit after tax fell to CZK 13 million last year, sales increased. Central Bank: The French economy will weaken sharply next year. After two years, the government's agenda was not dominated by Covid, it was determined by the Russian invasion. The inflation rate in France surprisingly fell to 5.9 percent in December. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. The Senate committee did not support breaking banking secrecy due to the OLAF investigation. Bloomberg: The decline in real estate prices in Sweden may deepen the economic crisis. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. Survey: German companies expect only a slight recession in the German economy. Analysts say the eurozone economy will shrink next year, partly due to inflation. The World Economic Forum will have a record attendance this year. Study: The number of corporate and business bankruptcies increased in November. Study: Czech companies invest CZK 61 billion in digitalization in three years. Oxfam: Extreme wealth and poverty have increased simultaneously for the first time in 25 years. Analysts: Industry grew the least in November since July, thanks only to car production. Study: Three times more sole proprietors closed their businesses in November than usual. Survey: Investments from the US and Europe to China often go through tax havens.

Stock exchanges: Traders: Czechs are more likely to sell their savings in precious metals. NWT's creditors have filed claims for almost 1.682 billion crowns. The price of gas for the European market has fallen below 70 euros per megawatt hour. 2023 will be a difficult year for investing, analysts recommend bonds or gold. Analyst: Gas and coal have risen in price by tens of percent this year, precious metals have fallen in price. Sweden's LKAB has found the largest known deposit of rare earth metals in Europe. Vietnamese electric car manufacturer VinFast has applied for listing on the US stock exchange.

Finance: McLaren has sold part of its vintage car collection to raise money for the new supercar Arturo. Leading American banks JPMorgan and Bank of America have increased their quarterly profits. Analyst: Oil and gas prices have risen this year, industrial metals have generally fallen in price. The trial of the head of the bankrupt financial company Wirecard begins in Germany. Bloomberg: Goldman Sachs to lay off around 3,200 employees. The UK financial services sector is facing its biggest changes in more than 30 years. Audit firm Mazars has suspended cooperation with clients from the crypto world. Russia's largest bank Sberbank's profit fell by 76 percent last year due to sanctions. Index: The value of all types of mutual funds fell in December. Hartenberg from Babiš's trust funds multiplied net profit to CZK 130 million.