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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. January inflation will almost certainly exceed seven percent, says Holub from the CNB. Orbán: The government will reduce the prices of six basic foods from February. ČT: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for the governor of the CNB. Analysts: Inflation was mainly affected by the VAT exemption, but it will still grow. The unemployment rate in Britain surprisingly fell to 4.1 percent in November. Unemployment in Germany fell to 5.2 percent in December, the lowest since the pandemic. Businesses: Czech economic growth will reach four percent in 2022. Hradecká police have accused four people and seven companies of tax evasion worth 44 million CZK. CRIF study: The number of company bankruptcies in the Czech Republic was the highest last year since 2017. The German economy returned to growth last year, with GDP increasing by 2.7 percent. A group of mainly American millionaires called for taxation of the rich. Germany wants to attract 400,000 qualified workers from abroad each year. Industrial producer prices rose by 13.5 percent in November, the most since the founding of the Czech Republic. The Czech National Bank will issue a silver coin to mark the 150th anniversary of the birth of architect Jože Plečnik. Experts: December inflation was reduced by the VAT exemption, and it could be 10 percent in January. Year-on-year inflation accelerated to 6 percent in November and prices will continue to rise. Millions of families in Britain face economic difficulties, warns a research institute. Exporters' Association warns against CNB rate hikes, says it is losing hundreds of billions. The inflation rate in the US has risen to 6.8 percent, the highest in almost 40 years. CRIF: The number of personal bankruptcies fell by 11 percent last year to 15,443. Germany will help companies affected by high energy prices, the minister said. According to Prime Minister Bennett, Israel has become a superpower in cyber defense. AP: Bulgarians are traveling to Turkey en masse, taking advantage of the fall in the local currency to make purchases.

Stock exchanges: Aluminum prices for European consumers are rising to record highs due to expensive electricity. The price of gold is losing almost four percent this year, the most since 2015. The price of uranium is increasing significantly due to unrest in Kazakhstan. De Beers has significantly increased diamond prices, by about eight percent, according to Bloomberg sources. Shares of French EDF have fallen sharply, the government is demanding cheap nuclear energy from rivals.

Finance: The British government is preparing to freeze the BBC's concession fee for two years. The Russian Central Bank has increased the base interest rate to 8.5 percent. The Russian Central Bank has proposed a ban on the use and mining of cryptocurrencies on Russian territory. The volume of new bank loans in China rose to a record last year. The Italian bank MPS wants to raise 2.5 billion euros from the sale of shares next year. A BBC financed only commercially would not provide the same services, its boss warns. The head of Credit Suisse resigned due to violating Covid rules. American banks Morgan Stanley and Bank of America increased quarterly profits. Portal: Czechs have twice as much gold at home as there is in the CNB's safes. Next year, the Czech National Bank will publish stress tests of banks with possible impacts of climate change. J&T: Most dollar millionaires in the Czech Republic and Slovakia are now most worried about inflation. Mail on Sunday: The British government is preparing to limit the BBC's finances. The Hungarian central bank has increased the base interest rate more significantly than expected. The Fed intends to raise rates three times next year and end bond purchases in March. The American bank Goldman Sachs increased its profit and revenues to a record last year. Bloomberg: PayPal is exploring the possibility of creating its own cryptocurrency.