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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: ČT: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for the governor of the Czech National Bank. The government wants a ceiling on taxes, financial consolidation or the abolition of the EET. Year-on-year inflation accelerated to 6 percent in November and prices will continue to rise. Developers disagree on the consequences of the interest rate increase, they also talk about a real estate bubble. Rusnok: An increase in rates above five percent next year is extremely unlikely. PwC survey: Three-quarters of Czech companies increased prices last year. The inflation rate in the US rose to 6.8 percent, the highest in almost 40 years. AP: Bulgarians are traveling to Turkey en masse, taking advantage of the fall in the local currency to make purchases. January inflation will almost certainly exceed seven percent, says Holub from the Czech National Bank. According to Prime Minister Bennett, Israel has become a superpower in cyber defense. The Czech and Slovak economies have been hit this year by problems with car manufacturers. Businesses: Czech economic growth will reach four percent in 2022. Household debts to banks rose to 2.032 trillion crowns in November. Czech National Bank: The balance of payments ended the third quarter with a deficit of 76.7 billion crowns. The Czech National Bank does not rule out inflation above 10 percent at the beginning of this year. Orbán: The government will reduce the prices of six basic foods from February. Deloitte: The economy will grow by 4 percent this year and reach the pre-pandemic level. Inflation in the EU rose to 5.2 percent, reaching a 20-year high. CRIF study: The number of company bankruptcies in the Czech Republic last year was the highest since 2017. A group of mainly American millionaires called for taxation of the rich. Analysts: Inflation was mainly influenced by the VAT exemption, but it will still grow. The price of gasoline in the Czech Republic is stagnating below 36 CZK/l, diesel has become slightly cheaper.

Stock exchanges: Sotheby's showed a rare 555-carat black diamond, it will be offered at auction in February. Gas continues to become significantly cheaper, the price for the European market has fallen below 100 euros per MWh. Aluminum prices for European consumers are rising to records due to expensive electricity. French EDF shares have fallen sharply, the government is demanding cheap nuclear energy from rivals. Metal processor Saker's sales increased to 2.374 billion crowns last year.

Finance: ATM in Rychnov region was spewing money, the finder handed over 144,000 CZK to the police. EBRD invests ten million euros in green bonds of Photon Energy Group. Mail on Sunday: British government prepares to cut BBC funding. Italian bank MPS wants to raise 2.5 billion euros from share sale next year. The volume of new bank loans in China rose to a record last year. The price of gold fell by 7.5 percent this year, silver and platinum fell even more. Volkswagen Group will invest around 159 billion euros in the next five years. Survey: 59 percent of Czechs will not be frugal at Christmas due to financial situation. Analysts: The increase in the CNB base rate will quickly be reflected in the increase in the price of loans. The Rockaway Blockchain Fund invested over 110 million CZK in 1Inch. The head of Credit Suisse resigned due to violation of Covid rules. According to the press, the British government is preparing to freeze the BBC's concession fee. CNB: Banks provided mortgages worth CZK 301 billion this year, up 76 percent year-on-year. The Polish central bank, as expected, increased the main interest rate to 2.25 percent. Association: The popularity of savings increased in the 4th quarter of the year after the previous decline. Bloomberg: PayPal is exploring the possibility of creating its own cryptocurrency. The Polish central bank increased the main interest rate to 1.75 percent due to inflation. Bloomberg: Bonds from emerging countries performed best this year.