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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: CEBR: China will overtake the US economically in 2028. Year-on-year inflation rose to 2.3 percent in March, remaining above two percent. The British economy grew by a record 16 percent in the quarter. Bisnode: The number of unreliable VAT payers increased by a tenth last year. Union: Ensuring mandatory testing will be challenging for small businesses. Economists: The pandemic has deprived the economy of hundreds of billions of crowns. The value of mergers and acquisitions fell to the lowest level in three years this year. Diesel has become cheaper since last week, the price of gasoline has not changed. Analysts: Construction will also fall next year, by up to six percent. CNBC: Goods made in China are encountering new logistical problems. Confidence in the economy increased in December after a two-month decline. Unicorn Group increased sales to CZK 4.7 billion year-on-year. HK: Support for entrepreneurs from the budget deficit is less than 20 percent. Experts: Developments in the allowance market were the most interesting this year. Dina-Hitex: Resumption of mask production was an ethical obligation.

Stock exchanges: The price of gold fell below $1,700 per ounce for the first time since June. Silver demand could be the highest in eight years this year. Iridium prices rose by 160 percent due to tight supplies. Tesla will be a technical partner for a nickel mine in New Caledonia. Retail investors have moved from GameStop shares to silver. Bloomberg: De Beers raised diamond prices, the most in several years. The price of gold accelerated the decline, and developments in Turkey also have an impact. Diamond producer Alrosa's profit fell by 49 percent last year.

Finance: Germany has linked blockchain technology to the euro. LN: J&T Banka bought its headquarters at Invalidovna for 2.1 billion crowns. Gold and other precious metals have risen in price by tens of percent this year. Survey: Almost every second Czech thinks the crisis is here. Index: Only equity funds made a profit in March, commodity funds fell. Mastercard: Half of Czechs use biometric payment verification. Government bond yields are expected to rise this year. Analysts: Gold and silver have become cheaper this year, while platinum, copper and oil have become more expensive. Bank loans fell by 36 billion to 6.2 trillion CZK in November. Bloomberg: People saved 2.9 trillion USD during the pandemic. Index: Mortgage rates remained at 2.03 percent in November. The price of silver fell today after Monday's half-year record. Michl expects the fastest economic growth in history in the 2nd quarter. Entrepreneurs received 36 billion CZK from COVID programs as of November 30. The Czech National Bank increased its profit last year to a record 91.9 billion CZK. The head of the Polish central bank does not rule out further interest rate cuts. The Czech National Bank Governor Rusnok earned 4.2 million CZK net last year. Moody's affirmed the Czech Republic's rating despite rising debt. Wells Fargo will sell its asset management division for 2.1 billion USD. PPF Group wants to negotiate with Moneta for the second time about merging with Air Bank. Coalition: The revenues of leading investment banks were record last year. Commerzbank has agreed with unions to eliminate 2,300 jobs.