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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 Czech and Slovak economies have been hit by problems with car manufacturers this year. Businesses: Czech economic growth will reach four percent in 2022. Inflation rose to 6.6 percent in December, and will continue to grow to 10 percent. AP: Bulgarians are traveling to Turkey en masse, using the local currency's decline to make purchases. CNB: The balance of payments ended the third quarter with a deficit of 76.7 billion crowns. Experts: December inflation was reduced by the VAT exemption, and it could be 10 percent in January. CZ: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for governor of the CNB. The inflation rate in Turkey rose above 36 percent, significantly exceeding estimates. Inflation in the EU rose to 5.2 percent, reaching a 20-year high. PwC survey: Three-quarters of Czech companies raised prices last year. Rusnok: An increase in rates above five percent next year is extremely unlikely. Industrial producer prices rose by 13.5 percent in November, the most since the founding of the Czech Republic. Unemployment in Germany fell to 5.2 percent in December, the lowest since the pandemic. Deloitte: The economy will grow by 4 percent this year and reach pre-pandemic levels. Inflation in Slovakia rose to 5.8 percent in December, a 17-year high. CRIF study: The number of company bankruptcies in the Czech Republic was the highest last year since 2017. Developers: Tightening mortgage lending does not solve the housing shortage. Orbán: The government will reduce the prices of six basic foods from February. Household debts with banks rose to 2.032 trillion crowns in November. January inflation will almost certainly exceed seven percent, says Holub from the CNB. SP: Three-quarters of companies recorded an increase in raw material prices.

Stock exchanges: Experts: Precious metals fell in price last year, oil and industrial metals rose significantly. Metal processor Saker's sales increased to 2.374 billion crowns last year. WPIC: The platinum market will show the highest surplus in several years this year. Gas continues to fall significantly in price, the price for the European market has fallen below 100 euros per MWh. The price of uranium is increasing significantly due to unrest in Kazakhstan.

Finance: The pandemic increases the share of the super-rich in global wealth. According to the survey, about a third of people are not going to protect their savings against inflation. Analysts: The increase in the CNB base rate will quickly be reflected in the rise in the cost of loans. The South Korean central bank has raised its interest rate for the second time this year. The CNB will publish stress tests of banks with the possible impacts of climate change next year. Platforms providing investment crowdfunding must have a CNB license. UniCredit Bank: Demand for real estate has the character of a speculative bubble. The Rockaway Blockchain Fund invested over CZK 110 million in the company 1Inch. The Central Bank warned against investments in virtual tokens. An ATM in the Rychnov area was spewing money, the finder handed over CZK 144,000 to the police. Equity funds earned over 11 percent this year, bond funds lost 5.3 percent. Sellers report an increase in sales by tens of percent before Christmas. Survey: 59 percent of Czechs will not be frugal at Christmas due to financial situation. Analysts: The increase in the CNB's base rate will quickly be reflected in the increase in the price of loans. Survey: 70 percent of people study loan terms for at least an hour. Volkswagen Group will invest around 159 billion euros in the next five years. Bloomberg: PayPal is exploring the possibility of creating its own cryptocurrency. The CNB has tightened the limits for providing mortgages since April 2022. Italian bank MPS wants to raise 2.5 billion euros from the sale of shares next year.