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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 British economy grew by a record 16 percent in the quarter. Union: Ensuring mandatory testing will be challenging for small businesses. Analysts: Industry mainly prevented a greater economic collapse. Economists: The pandemic cost the economy hundreds of billions of crowns. Dina-Hitex: Resumption of mask production was an ethical obligation. The Ministry of Finance sold bonds for five billion crowns, interest was again greater. Analysts: Construction will also fall next year, by up to six percent. A record 370,000 people lost their jobs in Britain in three months. The Ministry of Finance sold bonds for 14 billion CZK today, interest was again higher. The Slovak Central Bank improved the outlook for the country's economic development. CEBR: China will overtake the US in terms of economy as early as 2028. Employers: Czech economy may start growing in 2021. CNN: Russia needs cars, which is why it is restoring a Soviet-era brand. Central Bank: Russia's GDP will be at pre-crisis level by the end of the year. Year-on-year inflation in February is expected to have risen slightly, according to estimates. The Ministry of Finance will need less money to finance debt in 2021. CNBC: Goods made in China are facing new logistical problems. The pandemic has significantly reduced emissions in Europe, in aviation by half.

Stock exchanges: Analysts: Gold has risen in price by 20 percent this year, the outlook is also good. Reuters: Oil prices have experienced a record drop this year, concerns persist. Turkey announced the discovery of a giant gold deposit. China has increased quotas for the extraction of precious metals to a record high. The US will impose final anti-dumping duties on aluminum from 18 countries. Diamond producer Alrosa's profit fell by 49 percent last year. The price of gold fell below $1,700 per ounce for the first time since June.

Finance: Bank loans fell by 620 billion in December to 5.61 trillion CZK. Wells Fargo will sell its asset management division for 2.1 billion USD. Gold and other precious metals have risen in price by tens of percent this year. Bloomberg: People saved 2.9 trillion USD during the pandemic. LN: J&T Banka bought its headquarters in Invalidovna for 2.1 billion CZK. PPF Group wants to negotiate with Moneta for the second time about merging with Air Bank. Government bond yields are expected to rise this year. Association: The number of insurance frauds increased by 14 percent last year. Interest in bonds for citizens in the ninth issue has increased, a new one is starting. The Partners group has filed an application for a banking license with the Czech National Bank. The pension company from the Partners group will be called Rentea. Survey: Three quarters of Europeans are trying to help others at Christmas. Household debts increased by 12 billion in November, while corporate debts decreased. The Fed promised to buy bonds until the economy recovers. Michl expects the fastest economic growth in history in the second quarter. The price of gold in the year of the pandemic increased by 14 percent, and oil also became more expensive. Index: The average mortgage rate in November is the lowest since March 2017. Venezuela will introduce a million-dollar banknote due to hyperinflation. Moody's affirmed the Czech Republic's rating despite the growth in debt. Coalition: The revenues of leading investment banks were record last year.