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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: Household debts with banks rose to 2.032 trillion crowns in November. Deloitte: The economy will grow by 4 percent this year and reach the pre-pandemic level. The Czech National Bank does not rule out inflation above 10 percent at the beginning of this year. Trade Union: Compensation programs saved tens of thousands of small and medium-sized companies. The number and value of banknotes and coins in circulation increased last year. Bruegel: Interruption of Russian gas supplies would have serious impacts on the EU economy. Experts: December inflation was reduced by the VAT exemption, it could be 10 percent in January. Inflation rose to 6.6 percent in December, and will continue to rise to 10 percent. According to Prime Minister Bennett, Israel has become a superpower in cyber defense. Eurozone business growth slowed in January, Omicron hits services. Taiwan pledges investment in Lithuania, while Vilnius faces pressure from Beijing. Government wants tax cap, fiscal consolidation or EET abolition. Study: China invested the most in Iraq last year in the New Silk Road project. CNB to issue silver coin to mark 150 years since the birth of architect Jože Plečnik. CRIF: Number of personal bankruptcies fell by 11 percent to 15,443 last year. Analysts: CNB's base interest rate is already nearing its peak. PwC survey: Three-quarters of Czech companies raised prices last year. Germany wants to attract 400,000 skilled workers from abroad each year. A group of mainly American millionaires called for taxation of the rich. Hradec Králové police have charged four people and seven companies with tax evasion worth 44 million CZK. The world must release frozen funds to famine-stricken Afghanistan, Guterres said. The Exporters' Association warns against raising CNB rates, saying it is losing hundreds of billions. The IMF has called on El Salvador to refrain from introducing bitcoin as legal tender. Germany will help companies affected by high energy prices, the minister said. The koruna temporarily strengthened to 24.10 CZK/EUR, the last time it was stronger was in 2011. The US trade deficit in goods exceeded one trillion last year for the first time. The CNB Council raised the base interest rate to 4.5 percent, the highest since 2002.

Stock exchanges: Aluminum prices for European consumers are rising to record highs due to expensive electricity. De Beers has significantly increased diamond prices, by about eight percent, according to Bloomberg sources. The price of uranium is increasing significantly due to unrest in Kazakhstan. Experts: Precious metals fell in price last year, oil and industrial metals rose significantly.

Finance: Russia is returning to the government bond market, securing almost a billion dollars. Italy's UniCredit tripled its profit last year, also exceeding estimates in sales. The Polish central bank increased the main interest rate to 2.25 percent, as expected. The Russian central bank has proposed a ban on the use and mining of cryptocurrencies on Russian territory. The Hungarian central bank has increased the base interest rate more significantly than expected. The American bank Goldman Sachs increased its profit and revenues to a record last year. The largest Swiss bank UBS has the highest profit in 15 years last year. Bloomberg: PayPal is exploring the possibility of creating its own cryptocurrency. Caribbean island of Jamaica introduces its own digital currency. British government to freeze BBC license fee for two years. According to the press, the British government is preparing to freeze BBC license fee. ATM in Rychnovsko was spewing money, the finder handed over 144,000 CZK to the police. The Fed indicated that it plans to start raising the base interest rate in March. The ECB left the base interest rate unchanged, as expected.