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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 US economy grew by 5.7 percent last year, the most since 1984. Inflation in the EU rose to 5.2 percent, reaching a 20-year high. The Czech and Slovak economies were hit this year by problems with car manufacturers. A group of mainly American millionaires called for taxes on the rich. Germany will help companies affected by high energy prices, the minister said. The price of gasoline in the Czech Republic is stagnating below 36 CZK/l, diesel has further become slightly cheaper. WSJ: Turks are buying more bitcoin and tether due to the weak domestic currency. Developers disagree on the consequences of interest rate hikes, even talking about a real estate bubble. Millions of families in Britain face economic difficulties, a research institute warns. Unemployment in Germany fell to 5.2 percent in December, the lowest since the pandemic. The world must release frozen funds to famine-stricken Afghanistan, Guterres said. The number and value of banknotes and coins in circulation increased last year. AP: Bulgarians flock to Turkey, using the local currency's decline to make purchases. Deloitte: The economy will grow by 4 percent this year and reach pre-pandemic levels. Czech household debts to banks rose to 2.049 trillion CZK in December. CT: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for governor of the Czech National Bank. The French economy grew by seven percent last year, the most in 52 years. Germany wants to attract 400,000 qualified workers from abroad every year. CRIF study: The number of company bankruptcies in the Czech Republic was the highest last year since 2017. Inflation rose to 6.6 percent in December, will continue to rise to 10 percent. Experts: December inflation was reduced by the VAT waiver, in January it may be 10 percent. Orbán: The government will reduce the prices of six basic foods from February. Inflation in Slovakia rose to 5.8 percent in December, the highest in 17 years. The Chinese economy grew by 8.1 percent last year, the fastest in ten years.

Stock exchanges: The price of uranium is increasing significantly due to unrest in Kazakhstan. Shares of the manufacturer of batteries for electric cars LGES debuted with strong growth. Experts: Precious metals fell in price last year, oil and industrial metals became significantly more expensive. De Beers significantly increased diamond prices, according to Bloomberg sources by about eight percent. Shares in French EDF plunge as government demands cheap nuclear power from rivals.

Finance: The Fed plans to raise rates three times next year and end bond purchases in March. Bloomberg: Emerging market bonds performed best this year. Mail on Sunday: The British government is preparing to cut BBC funding. The American bank Goldman Sachs increased its profit and revenues to a record last year. An ATM in Rychnovsko was pouring out money, the finder handed over 144,000 CZK to the police. Ukraine needs money, due to the risk of invasion it has limited access to markets. The cost of labor in the US is rising sharply, said the head of investment bank JPMorgan. The Polish central bank raised the main interest rate to 2.25 percent, as expected. The Hungarian central bank raised the base interest rate more significantly than expected. Developers: Higher mortgage interest rates will not affect speculative buyers. ECB to end emergency pandemic bond purchase program at the end of March. Portal: Czechs have twice as much gold at home as there is in the CNB's safes. Russia's central bank raises base rate to 8.5 percent. Credit Suisse chief resigns over Covid rules breach. Volume of new bank loans in China hits record high last year. Italy's UniCredit triples profit last year, beats revenue estimates.