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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: CNBC: Goods made in China are facing new logistical problems. Bisnode: The number of unreliable VAT payers increased by a tenth last year. Analysts: Inflation will rise further in the coming months. India's central bank is discouraging credit institutions from trading in cryptocurrencies. Bisnode: The number of unreliable VAT payers in the quarter increased at least in seven years. We must admit that our income is not enough for our expenses in the long term, Rusnok said. Confidence in the economy increased in December after a two-month decline. The Office of the Competition and Consumer Protection imposed a fine of 4.5 million crowns on Skyport. Diesel has become cheaper since last week, the price of gasoline has not changed. Britain is considering its own digital currency, it could be called britcoin. The value of mergers and acquisitions fell to the lowest level in three years this year. The Turkish central bank has banned payments in cryptocurrencies. The Ministry of Finance sold bonds for CZK 21 billion today amid strong interest. CNB Governor Rusnok is not afraid that the Czech Republic will be hit by an inflationary shock.

Stock exchanges: The price of gold fell below $1,700 per ounce for the first time since June. China has increased quotas for the extraction of precious metals to a record high. Diamond producer Alrosa's profit fell by 49 percent last year. World demand for gold fell by 14 percent last year to 3,760 tons. The US will impose final anti-dumping duties on aluminum from 18 countries. Analysts: Gold has risen by 20 percent this year, the outlook is good. Russia has discovered one of the three largest reserves of precious metals in the world. Bloomberg: De Beers raises diamond prices, the most in several years. Reuters: Oil prices hit record low this year, concerns persist.

Finance: Israeli brokerage eToro to list on US stock exchange. Gold and other precious metals up dozens of percent this year. Czech National Bank increased profit to record 91.9 billion crowns last year. Bloomberg: People saved $2.9 trillion during pandemic. The four largest banks in the Czech Republic saw profits fall by one billion crowns in the first quarter. Czech companies' deposits exceeded loans by 75 billion crowns in November. The Norwegian government wants to ensure that banks continue to provide cash services. Swiss bank USB is considering offering clients investments in cryptocurrencies. Michl expects the fastest economic growth in history in the second quarter. Index: Only equity funds made a profit in March, commodity funds fell. Mastercard: Half of Czechs use biometric payment verification. France will close almost 40 percent of cash handling centers. Coalition: The revenues of leading investment banks were record last year. Government bond yields are expected to rise this year. The price of palladium rose to record values ​​of around $3,000 per ounce. Commodity funds made the most profit in January, bond funds lost. Partners Group applied to the Czech National Bank for a banking license. Wells Fargo will sell its asset management division for $2.1 billion. Survey: Almost every second Czech thinks the crisis is here. Petr Staněk will head the CNB's statistics department from January. Analysts: Gold and silver have become cheaper this year, platinum, copper and oil have become more expensive. CNB Governor Rusnok earned CZK 4.2 million net last year.