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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: Putin should have come to confront us, Sunak told G20 leaders. Analysts: Czech economy is in imbalance, but currency crisis is not in danger. EY: US companies dominate the stock market despite losses by technology companies. Study: Three times more self-employed people closed their businesses in November than usual. Michl: The base interest rate is already at a level that dampens economic activity. Analysts criticize the government for not reforming public finances in its first year. The first coins with the portrait of King Charles III are being put into circulation in Britain. According to analysts, the eurozone economy will decline next year, also due to inflation. Survey: Almost half of Poles intend to limit spending on Christmas gifts this year. The budget had a deficit of 360.4 billion CZK, the state debt increased to 2.895 trillion. The Slovak government proposed a special tax on excessive income of electricity producers. The Turkish central bank, despite high inflation, reduced interest rates to nine percent. Fiala: The combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. The Czech National Bank left the limits for providing mortgages unchanged. The Australian central bank raised interest rates to a ten-year high of 3.10 percent. The New Zealand central bank raised the base rate, warning of a recession. In October, the Czech National Bank spent 79 million euros on interventions, the least in the intervention period. The Indian central bank raised the base rate to 6.25 percent, worsening the outlook. The Chamber of Deputies approved the budget for next year with a deficit of 295 billion CZK. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. UniCredit Bank was fined CZK 10 million by the Czech National Bank for violating mortgage rules. The Ministry of Finance and the Czech National Bank recommend that the government not set a deadline for adopting the euro yet. Atomico: The value of European technology companies has fallen by USD 400 billion this year. The European Commission has approved the Czech government's aid to companies affected by rising energy prices. OECD: The global slowdown will hit Europe the hardest next year. The inflation rate in France surprisingly fell to 5.9 percent in December. Economists: The Eurozone faces a significant economic recession, and recovery will be slow. Analysis: Real wages in the Czech Republic are falling the most among OECD countries, even since the founding of the state.

Stock exchanges: Traders: Czechs are selling their savings in precious metals more often. Gas for the European market continues to fall in price, reaching EUR 70 per MWh in the morning. 2023 will be a difficult year for investing, analysts recommend bonds or gold. Analyst: Gas and coal prices have risen by tens of percent this year, precious metals have fallen in price. Saker, a metal processing company, saw significant growth in sales and profits last year. Bloomberg: India is the main driver of the steel industry thanks to construction. The price of gas for the European market has dropped below 70 euros per megawatt hour.

Finance: Survey: Czechs are keeping less and less cash at home. Servers: Xixoio management faces suspicion of fraud, damage is half a billion crowns. Audit firm Mazars has suspended cooperation with clients from the crypto world. Home Credit is selling assets in the Philippines and Indonesia for almost 15 billion CZK. ČSOB: Banks provided mortgages worth CZK 163 billion last year, 40 percent of the volume in 2021. American cryptocurrency company BlockFi filed for bankruptcy protection. Buffett's company Berkshire bought a stake in Taiwanese chip manufacturer TSMC. 136,000 people joined supplementary pension savings this year, to 1.6 million. US authority extends Sberbank CZ's exemption from sanctions, sales can continue. Hungary is approaching billions from the EU budget, according to the minister, it has complied with Brussels.