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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: NYT: Sri Lanka's economy has hit rock bottom, president under pressure. Turkey's inflation in March exceeded 60 percent, the highest in 20 years. Britain imposed sanctions on Russian military officials, including a commander from Buč. Chamber of Commerce: Almost half of Czech companies will curb their investments this year. The unemployment rate in the US has fallen to a new two-year low of 3.6 percent. The koruna has strengthened by about 10 percent in the five years since the end of the CNB's interventions. The US and allies are also targeting Russian supply chains, a member of the US government said. Older banknotes will expire at the end of June, after which they will be exchangeable. The CNB has issued a commemorative 100-crown banknote with a portrait of the national economist Engliš. The US economy has surprisingly declined, but domestic demand is high. The Czech National Bank has legally revoked the banking license of Sberbank CZ. The Venezuelan government should receive the Nobel Prize in Economics, said its head Maduro. The Russian central bank has cut the base interest rate and indicated further cuts. Wednesday: The threat of stagflation, high inflation and low growth, has increased even more. Stanjura: The Polish proposal to completely ban trade with Russia is unrealistic. Oman and the Czech Republic have started negotiations on the supply of liquefied natural gas. Morawiecki: Poland proposes a complete ban on trade with Russia. Analysts: Up to tens of percent of applicants will not receive a mortgage after the conditions are tightened. Morawiecki: Poland proposes a complete ban on trade with Russia. Survey: Almost three quarters of companies will feel the negative impact of the war in Ukraine. S&P has improved Greece's rating, the country is one notch away from the investment grade. Stanjura: Companies could keep accounting and tax records in euros from January 2024. Study: 81 company bankruptcies were declared in March, the most since May 2019. Business sentiment in Germany has stabilized after the March slump. Drawing from COVID guarantees as of February 15 increased by 600 million to 73 billion CZK month-on-month. Analyst: The market expects the CNB to increase the rate to five percent, the crown's reaction will not be drastic. Growth in business activity in the eurozone was stronger than expected in March. Czech household debts to banks rose to 2.087 trillion CZK in March.

Stock exchanges: Demand for silver rose last year to the highest level since 2015 and will continue to grow this year. Volkswagen China to create joint ventures to secure nickel and cobalt. The wholesale price of gas for the European market fell by 70 percent in a week.

Finance: Index: The average Czech investor in funds lost almost five percent this year. Sberbank CZ assured clients that the loan repayment schedule is still valid. Russia sent interest on dollar bonds as planned, waiting for the result. Experts: PPF is slowly leaving eastern markets a year after the death of founder Kellner. The Japanese central bank did not raise interest rates, warning of the impacts of the war in Ukraine. Analysts: Gold has risen in price by six percent this year, silver by seven percent. The IFIS fund has started buying up receivables for the Czech Sberbank. The IMF has approved a new loan agreement with Argentina worth 44 billion dollars. Raiffeisenbank announced that it is the first bank in the Czech Republic to accept Ukrainian hryvnias. Mastercard and Nexo to jointly issue first cryptocurrency-backed payment card. New Hypoindex: Average mortgage offer rate rises to 4.88 pct in April. Czech National Bank to open new visitor center on May 21. Household deposits in banks fell by CZK 26 billion month-on-month in March. Russian Central Bank leaves key interest rate unchanged at 20 percent.