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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: Stanjura: Polish proposal to completely ban trade with Russia is unrealistic. Fitch Ratings confirms Slovakia's credit rating at A. Analysts: Slowly recovering Czech industry will be hit by war in Ukraine. Analysts: Up to tens of percent of applicants will not get a mortgage after tightening conditions. Britain will ban the export of luxury goods to Russia and introduce new import duties. Older banknotes will expire at the end of June, after which they will be able to be exchanged. Japan revised its GDP growth for the 4th quarter downwards to 4.6 percent. Bloomberg: Half of the 20 richest Russians do not face sanctions, four of the top five. Stanjura: Companies could start keeping accounts and tax records in euros from January 2024. NYT: Sri Lanka's economy has hit rock bottom, president under pressure. IMF: Russia's attack on Ukraine could fundamentally change the global economic order. Analysts: Inflation will rise further, could exceed 12 percent. Minister: Germany cannot quickly disconnect from Russian energy resources. Morawiecki: Poland proposes a complete ban on trade with Russia. China wants to stimulate its economy by reducing taxes and other levies. 150,000 Ukrainian refugees have already arrived in the Czech Republic, the government wants to allow them to work. Inflation in the US rose to 7.9 percent in February, another high in 40 years. The Hungarian central bank surprisingly raised the base interest rate to 4.40 percent. Yellen: Coronavirus relief fund will help US withstand shocks over Ukraine. Eurozone business growth was stronger than expected in March. COVID guarantee disbursements increased by 600 million to 73 billion CZK as of February 15. Rising prices at gas stations are troubling Germany, Poland and Slovakia. The Czech Republic's foreign debt rose by 150.3 billion to 4.47 trillion CZK last year. ZEW: Investor confidence in the German economy has fallen to a record low due to the war.

Stock exchanges: Economic daily: Germans are also preparing to mine lithium in the Ore Mountains. The price of palladium fell sharply due to hopes for progress in talks between Russia and Ukraine. Half of the world's neon production for chip production has stopped in Ukraine. Norilsk Nickel owner warns against dragging Russia back to 1917.

Finance: The Kazakh Central Bank responded to reports of issuing payment cards to Russians. The German banking leader announced after criticism that it is withdrawing from Russia. Chotěbori had 105 million crowns left in Sberbank, the city had them for investments. Sberbank CZ assured clients that the loan repayment schedule is still valid. ČSOB received a fine from the Czech National Bank, it did not have time to launch secure payments on the website in time. The ECB will reduce bond purchases faster due to high inflation. Russia sent interest on dollar bonds as planned, waiting for the result. Orbán asks for the release of money from the EU recovery fund, arguing the Ukrainian crisis. The number of Czechs who established a trust fund increased by 40 percent last year. ECB to cut bond purchases faster due to high inflation. Russia warns it will be forced to repay foreign debt in rubles due to sanctions. RTR: Some creditors have received interest payments on Russia's dollar bonds. Experts: PPF is slowly leaving eastern markets a year after founder Kellner's death. Index: Commodity funds made a profit in February, while equity and bond funds lost. CBA: Mortgage volume fell by 23 percent to CZK 25.1 billion in February, rates rose. Reuters: Moscow and Beijing are working on how to bypass the SWIFT payment system. Russia sent interest on dollar bonds as planned, awaiting the result.