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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: Britain announces largest sanctions package yet in response to Russian attack. Czech National Bank raises key interest rate to 4.5 percent, highest since 2002. Japan's economy grows 5.4 percent thanks to private consumption. Norwegian oil companies increase investment plans, but will still fall short of last year. Czech entrepreneurs and companies also offer financial assistance due to situation in Ukraine. Reuters: China would diplomatically support Russia in case of invasion of Ukraine. WTO: Increased demand is the main reason for shortages, problems should ease. Companies are closing operations in Ukraine and preparing for sanctions against Russia. Louis Vuitton will raise prices due to higher production and transportation costs. The koruna temporarily strengthened to 24.10 CZK/EUR, the last time it was stronger was in 2011. Volkswagen, Renault and tire manufacturer Nokian suspend production. Analysts: The conflict in Ukraine will initially affect mainly energy and food. Biden announced sanctions against the company that built Nord Stream 2. The US House of Representatives approved a proposal to strengthen the country's competitiveness. Exporters: Disconnecting only some of Russia's banks from SWIFT is a step like a smart move. Analysts: Despite good data, the economy will only reach pre-pandemic levels this year. India's central bank will introduce a digital currency in the next financial year. Russia's attack on Ukraine has increased the price of oil and gas, and will probably hit the European economy. Israel's GDP increased by 8.1 percent last year, showing the sharpest growth in 21 years. Study: China invested the most in Iraq last year in the New Silk Road project. Australia, New Zealand and Japan impose new sanctions against Russia.

Stock exchanges: Gold price nears nine-month high due to Ukraine crisis. Gold price exceeds $1,900 for the first time since June due to tensions over Ukraine. Brent oil price exceeds $100 per barrel due to Russian attack on Ukraine. Bloomberg: Analysts disagree on whether there will be enough lithium on the market. De Beers: Diamond supplies have peaked and will be stable for several decades. Gold price reaches more than a year's high of $1,940 after attack on Ukraine.

Finance: 150 protesters outside the German embassy demanded that Russia be cut off from SWIFT. Greece will repay the last loans from the IMF by the end of March, the finance minister said. The ECB left the base interest rate unchanged, as expected. The Moscow Stock Exchange decided to postpone the start of trading. Index: Commodity and equity funds made a profit in January, while bond funds lost. Analysis by Portu: Banks are slowly raising deposit rates in response to the CNB's rate hike. The West is apparently getting closer to excluding Russia from the SWIFT payment system. The Russian Central Bank has increased the base interest rate to 9.5 percent, as expected. The Danish pension fund will sell its stake in Wizz Air due to disagreements. Fortune: How rich is Putin and why has he not yet been the target of Western sanctions? The ranking of the largest auctions on the auction portal Aukro in January was dominated by rare coins. Switzerland ordered the blocking of the trades of people on the EU sanctions list. Ukraine is at risk of being cut off from air transport, Kiev wants to keep the skies open. The largest cryptocurrency exchange Binance will acquire a stake in the media company Forbes. Allianz sets aside 3.7 billion euros due to legal disputes in the US. NATO chief Jens Stoltenberg will be the new head of the Norwegian central bank. Buffett's company Berkshire bought a significant stake in Activision. The Russian Central Bank, as expected, raised the base interest rate to 9.5 percent.