5 840,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Russian attack on Ukraine has increased the price of oil and gas, and will probably hit the European economy. Inflation in Slovakia reached 8.4 percent in January, the highest since the summer of 2004. Norwegian oil companies increased their investment plan, but they will still fall behind last year. Exporters: Disconnecting only some of Russia's banks from SWIFT is a move like a smart move. Bitcoin has strengthened by about 13 percent since the Russian invasion of Ukraine. French TotalEnergies will no longer invest in Russia, but it will not leave the country. The closure of airspace is another blow to global supply chains. Unemployment in Britain remained at 4.1 percent, but the number of employed people decreased. According to economists, inflation in January could have exceeded the ten percent mark. Analysts: Sanctions will hit Russia hard, but will not destabilize the banking sector in the Czech Republic. Ukraine imposes state of emergency, West imposes sanctions; Russia withdraws diplomats. Defendants in the alleged tax evasion case involving JIP have pleaded not guilty. Japan will join sanctions against the Russian central bank. Czech household debt to banks rose to CZK 2.060 trillion in January. Association: Emission allowances could pay for the Czech Republic's green transformation. Reuters: The Ukrainian crisis could have far-reaching impacts on the European economy. Volkswagen, Renault and tire manufacturer Nokian suspend production. Israeli GDP increased by 8.1 percent last year, showing the sharpest growth in 21 years. Growth in business activity in the eurozone accelerated significantly in February, companies are raising prices.

Stock markets: Palladium, gold and other precious metals rise in response to anti-Russian sanctions. Gold price exceeds $1,900 for first time since June due to tensions over Ukraine. De Beers: Diamond supplies have peaked and will be stable for several decades. Analysts: Gold and silver rose by five percent, oil and gas by tens of percent. Aluminum price rose today to its highest level since 2008. Precious metals rise during invasion of Ukraine, gold by 1.5 percent. Gold price nears nine-month high due to crisis in Ukraine.

Finance: ECB: European division of Russian Sberbank is at risk of collapse due to outflow of deposits. The Russian Central Bank raised the base interest rate to 9.5 percent, as expected. Rating agencies are lowering the credit ratings of Ukraine and Russia. Česká spořitelna's net profit rose by 41.7 percent last year to 14.2 billion crowns. Germany has not yet supported Russia's exclusion from SWIFT, the reason may be gas. Sberbank branches will remain closed on Monday, card transactions will remain suspended. European and American banks are preparing for the impact of sanctions against Russia. ECB head: Raising interest rates now would not reduce inflation, but would hurt the economy. Index: Commodity and equity funds made a profit in January, bond funds lost. Deutsche Welle: Death of Petr Kellner sends PPF group further west. Mastercard has blocked several financial institutions as part of anti-Russian sanctions. Washington is considering sanctions against the Russian central bank due to the invasion of Ukraine. Washington has imposed sanctions on the Russian central bank, cutting it off from assets in the US. Spanish banks expand branch services after complaints about seniors. Ukraine faces air travel cutoff, Kiev wants to keep skies open. Danish pension fund to sell stake in Wizz Air amid disagreements. Greece to repay last IMF loans by end of March, finance minister says. Number of private bankruptcies in Germany rose for first time in a decade last year. Switzerland orders blocking of businesses of people on EU sanctions list.