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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 Ministry of Culture will support cooperation between designers and businesses. Chinese imports and exports fell the most in two and a half years in November. The World Economic Forum session will have a record attendance this year. After years of wrangling, Democratic congressmen have published Trump's tax records. Analysts: The November decline in construction production does not indicate a crisis in the sector. The Czech Republic enters 2023 with a presidential election, people will go to the polls again in a year. According to the IMF chief, global economic growth should rebound from the bottom this year. The EBRD last year invested a record 13.1 billion euros, part of which goes to Ukraine. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. Industry and construction slowed down in November, foreign trade remains in deficit. Atomico: The value of European technology companies has fallen by 400 billion USD this year. Business activity in the eurozone fell less than expected in December. Economists from Goldman Sachs have improved the outlook for the eurozone, no longer expecting a recession. Survey: German companies plan to expand activities in Africa next year. Creditreform: There will be more corporate insolvencies in Germany this year for the first time since 2009. The British economy grew surprisingly in November, supported by football. Hot tub manufacturers USSPA saw their profit after tax fall to 13 million CZK last year, sales increased. According to the Governor of the Czech National Bank Michl, the Czech Republic is expecting a year of significant inflation reduction this year. Deloitte: The Czech Republic is expecting a recession due to the energy crisis, GDP will fall by 1.1 percent. The Czech National Bank could raise rates in the event of a large increase in prices in January. Survey: Investments from the US and Europe to China often go through tax havens. Survey: German companies expect only a slight recession in the German economy. Domestic start-ups attracted investments worth tens of billions of CZK last year. Analysts: Industry grew the least since July in November, thanks only to car production. Study: Three times more self-employed people closed their businesses in November than usual. The inflation rate in France surprisingly fell to 5.9 percent in December. According to analysts, the eurozone economy will decline next year, also due to inflation. Allianz: Cyberattacks and disruptions remain the biggest risks for companies. According to the CRIF study, the number of bankruptcies of companies and entrepreneurs in the Czech Republic fell last year.

Stock exchanges: The price of gas for the European market fell below 70 euros per megawatt hour. 2023 will be a difficult year for investing, analysts recommend bonds or gold. Bloomberg: Tesla is preparing to conclude a preliminary agreement to build a plant in Indonesia. Gas for the European market continues to become cheaper, reaching 70 euros per MWh in the morning. Kovohutě Příbram has built a pilot line for recycling lithium batteries. Traders: Czechs are selling their savings in precious metals more often.

Finance: Analyst: Oil and gas prices have increased this year, industrial metals have generally become cheaper. ČSOB: Banks provided mortgages for CZK 163 billion last year, 40 percent of the volume in 2021. Index: The value of all types of mutual funds fell in December. Central banks continued to expand gold reserves last year. J&T Fund receives approval from the Czech National Bank to acquire 19.99 percent in Moneta Money Bank. CNBC: SpaceX to raise $750 million from investors. Goldman Sachs and Morgan Stanley report significant quarterly profit declines. US regulators issue joint warning to banks about cryptocurrency risks. Jack Ma will no longer control Chinese fintech giant Ant Group. Britain's financial services sector faces biggest changes in more than 30 years.