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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: The number and value of banknotes and coins in circulation increased last year. Taiwan pledged investment in Lithuania, while Vilnius faces pressure from Beijing. CRIF: The number of personal bankruptcies fell by 11 percent last year to 15,443. Cuba called on the US to lift the trade embargo, calling it an act of genocide. The Czech National Bank does not rule out inflation above 10 percent at the beginning of this year. The IMF expects to increase the estimate of losses caused by the pandemic to the world economy. Reuters: Lebanon has urged its embassies to seek sponsors. Germany wants to attract 400,000 qualified workers from abroad each year. Exporters' Association warns against CNB rate hikes, says it is losing hundreds of billions. Bruegel: Interruption of Russian gas supplies would have serious impacts on EU economy. French economy grew by seven percent last year, the most in 52 years. Spiegel: German government will significantly reduce this year's economic growth outlook. CNB to issue silver coin to mark 150th anniversary of architect Jože Plečnik's birth. Polish economy grew by 5.7 percent last year, the most since 2007. Trade Association: Compensation programs saved tens of thousands of small and medium-sized companies. Study: China invested the most in Iraq last year in the new Silk Road project. CT: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for CNB governor. Gasoline prices in the Czech Republic stagnate below CZK 36/l, diesel prices continue to fall slightly. According to Prime Minister Bennett, Israel has become a superpower in cyber defense. Analysts: The CNB's base interest rate is already approaching its peak. Inflation rose to 6.6 percent in December, and will continue to rise to 10 percent. A group of mainly American millionaires called for taxation of the rich. Rusnok: If the estimates come true, further significant rate increases will not be necessary. The number of corporate bankruptcies stagnated in January, the number of bankruptcies of entrepreneurs increased. The US trade deficit in goods exceeded one trillion for the first time last year. Unemployment in Germany fell to 5.2 percent in December, the lowest since the pandemic.

Stock exchanges: The price of uranium is increasing significantly due to unrest in Kazakhstan. Aluminum prices for European consumers are rising to records due to expensive electricity. Sotheby's showed a rare 555-carat black diamond, will offer it at auction in February.

Finance: A BBC financed only commercially would not provide the same services, its boss warns. ATM in Rychnovsko was spewing money, the finder handed over 144,000 CZK to the police. The ECB left the base interest rate unchanged, as expected. The volume of new bank loans in China rose to a record last year. The Hungarian central bank increased the base interest rate more significantly than expected. Analysis by Portu: Banks are slowly increasing deposit interest rates in response to the increase in CNB rates. The American bank Goldman Sachs increased its profit and revenues to a record last year. The Italian UniCredit tripled its profit last year, also exceeding estimates in sales. Developers: Higher mortgage interest rates will not affect speculative buyers. Caribbean island of Jamaica launches its own digital currency. Mail on Sunday: British government to cut BBC funding. Ukraine needs money, has limited access to markets due to invasion risk. Russia returns to government bond market, secures almost $1 billion. NATO chief Jens Stoltenberg to be new head of Norway's central bank. Reuters: Křetínský likely to sell his stake in Aareal bank. Portal: Czechs have twice as much gold at home as there is in the CNB's vaults.