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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: Analyst: The world may be on the brink of an energy crisis similar to the one in the 1970s.. Analysts: Inflation will still rise, may even exceed 12 percent. Japan revised GDP growth for the 4th quarter downward to 4.6 percent. According to Orbán, Hungary will not veto EU sanctions against Russia, unity is key. Bitcoin has strengthened by about 13 percent since the Russian invasion of Ukraine. Kremlin: The US is waging an economic war against Russia. The number of counterfeit banknotes and coins seized in the Czech Republic increased significantly last year to 6,836. Other companies, including Philip Morris and Nestlé, are limiting their activities in Russia. The US foreign trade deficit widened by 9.4 percent in January to a record high. After the CNB's interventions, the koruna began to strengthen against the euro and dollar. Google has stopped selling online advertising in Russia. Rising gas prices are troubling Germany, Poland and Slovakia. Kiev: Russian invasion has caused at least $100 billion in damage so far. Habeck: Sanctions against Russia will slow the recovery of the German economy. Chinese buy Russian chocolate in a sign of support for Russia in the conflict with Ukraine. Biden: G7 will abolish the most favored nation clause for Russia, the US will limit imports from Russia. Reuters: Beijing has urged state refineries to consider stopping exports in April. US inflation rose to 7.9 percent in February, another 40-year high. Sentix: Investor confidence in the eurozone economy has fallen due to the war in Ukraine.

Stock exchanges: Analysts: Gold and silver rose by five percent, oil and gas by tens of percent.. The price of nickel rose to a record high due to concerns about disruptions in supplies from Russia. The owner of Norilsk Nickel warns against dragging Russia back to 1917. Oil and gold prices continue to rise, the world is discussing a ban on oil imports from Russia. The wholesale price of gas for the European market rose to 345 euros per MWh.

Finance: A woman in Vyškov found 15,000 CZK forgotten in an ATM, it is not uncommon. Analysts: Share prices of Czech banks are falling due to anti-Russian sanctions. Reuters: Regulators are preparing to close the European division of the Russian bank VTB. Russia's Sberbank has a record profit, will return deposits to people in Europe and leave. American rating agency Fitch will suspend business activities in Russia. World Bank and IMF plan to provide Ukraine with three billion dollars. Analysts: Czech banks' share prices are falling due to anti-Russian sanctions. Washington has imposed sanctions on the Russian central bank, cutting it off from assets in the US. The ECB will reduce bond purchases more quickly due to high inflation. The US will strengthen its military contingent in Lithuania by another 400 soldiers. A consortium of Signet Bank AS and American investors will become the owner of Expobank CZ. The Russian Central Bank has more than doubled the base interest rate to 20 percent. The Russian Central Bank and the fund may have Chinese bonds worth up to 140 billion USD. Fitch and Moody's have lowered Russia's rating by six notches, to speculative grade. Chotěbori left 105 million crowns in Sberbank, the city had them for investments. Russian banks are turning to the Chinese system due to the departure of Visa and Mastercard. Germany's leading bank faces criticism for staying in Russia. PayPal suspends its services in Russia due to the invasion of Ukraine. S&P has significantly worsened the credit rating of Belarus. Moody's has cut Russia's credit rating to the second lowest level. The World Bank will release one billion dollars to help Afghanistan.