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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: We have to admit that our income is not enough for our expenses in the long term, said Rusnok. Analysts: Industry mainly prevented a greater economic collapse. The Turkish Central Bank banned payments in cryptocurrencies. Bisnode: The number of unreliable VAT payers increased in the quarter at least in seven years. Analysts: Construction could fall the most since 2012. Britain is considering its own digital currency, which could be called britcoin. The value of mergers and acquisitions fell to the lowest level in three years this year. CNBC: Goods made in China are encountering new logistical problems. The Ministry of Finance sold bonds for CZK 21 billion today amid great interest. According to estimates, year-on-year inflation in February probably increased slightly. Confidence in the economy rose in December after a two-month decline. The British economy grew by a record 16 percent in the quarter. Analysts: Inflation will rise further in the coming months. Measures will probably be tightened on Friday, vaccination of the public will be in February. Union: Ensuring mandatory testing will be challenging for small businesses. Employers: The Czech economy may start growing in 2021.

Stock exchanges: World demand for gold fell by 14 percent last year to 3,760 tons. The price of palladium exceeded $3,000 per ounce for the first time. According to analysts, the price of palladium may soon rise to more than $3,000. Russia has discovered one of the three largest reserves of rare metals in the world. Tesla will be a technical partner for a nickel mine in New Caledonia. Silver demand could be the highest in eight years this year. Interest in US gold and silver coins soared last year. Diamond producer Alrosa's profit fell by 49 percent last year. The price of gold fell below $1,700 an ounce for the first time since June.

Finance: PPF Group wants to negotiate with Moneta for the second time about a merger with Air Bank. The volume of housing loans rose by seven percent in November to 22.1 billion. Israeli brokerage eToro will enter the US stock exchange. Commerzbank has agreed with unions to eliminate 2,300 jobs. Coalition: The revenues of leading investment banks were record last year. Partners Group has applied to the Czech National Bank for a banking license. Venezuela will introduce a million-dollar banknote due to hyperinflation. The Czech National Bank increased its profit last year to a record 91.9 billion crowns. Czech companies' deposits exceeded loans by CZK 75 billion in November. The Norwegian government wants to ensure that banks continue to provide cash services. The pension company from the Partners group will be called Rentea. Bank loans fell by CZK 36 billion in November to CZK 6.2 trillion. Household debts rose by CZK 12 billion in November, while corporate debts fell. The price of silver fell today after Monday's six-month record. Moody's confirmed the Czech Republic's rating despite the growth in debt. The volume of bank loans fell by CZK 11 billion in March to CZK 6.25 trillion. The Hungarian central bank tripled the volume of gold in its reserves. Bank loans fell by CZK 620 billion in December to CZK 5.61 trillion. Bloomberg: People saved USD 2.9 trillion during the pandemic. CNB Governor Rusnok earned CZK 4.2 million net last year.