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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: Bisnode: The number of unreliable VAT payers increased by a tenth last year. CEBR: China will overtake the US economically in 2028. The rate of growth of female unemployment is a third faster than that of men. Analysts: Industry mainly prevented a greater economic decline. The Slovak Central Bank improved the outlook for the country's economic development. The Ministry of Finance sold bonds for CZK 14 billion today, interest was higher again. CNBC: Goods made in China are encountering new logistical problems. CRIF: 28 percent of Czech companies are headed by a woman. The value of mergers and acquisitions fell to the lowest level in three years this year. Arete sells real estate to Cromwell European for CZK 3 billion. Central Bank: Russia's GDP will be at pre-crisis level by the end of the year. Barometer: Czech companies have increased orders, they are stopping layoffs. Analysts: Construction could fall the most since 2012. The Ministry of Finance will need less money to finance debt in 2021. Confederation of Industry: Companies are trying to prevent the spread of Covid in operations. Japanese exports unexpectedly accelerated the decline, while growth was expected. Analysts: Construction will also fall next year, by up to six percent. The French central bank has worsened its GDP outlook for next year. Measures will probably be tightened on Friday, vaccination of the public will be in February.

Stock exchanges: Turkey announced the discovery of a giant gold deposit. The price of gold fell below $1,700 per ounce for the first time since June. Iridium prices rose by 160 percent due to tight supplies. China has increased its quotas for the extraction of precious metals to a record high. Bloomberg: De Beers has increased diamond prices, the most in several years. The US will impose final anti-dumping duties on aluminum from 18 countries.

Finance: PPF Group wants to negotiate with Moneta for the second time about the merger with Air Bank. Petr Staněk will head the CNB statistics department from January. Survey: Czechs consider bank account data to be the most sensitive. The Fed has promised to buy bonds until the economy recovers. Gold and other precious metals have risen in price by tens of percent this year. Michl expects the fastest economic growth in history in the 2nd quarter. The pension company from the Partners group will be called Rentea. Bank loans fell by 620 billion to 5.61 trillion CZK in December. Bloomberg: People saved $2.9 trillion during the pandemic. The CNB Council today unanimously left interest rates unchanged. Commerzbank agreed with unions to eliminate 2,300 jobs. EIB to lend almost nine billion crowns to Czech companies. Wells Fargo to sell its asset management division for $2.1 billion. Survey: Three-quarters of Europeans try to help others at Christmas. Bank loans fell by 36 billion to 6.2 trillion CZK in November. France to close almost 40 percent of cash handling centers. Fed: Leading US banks are in good shape despite the pandemic. The price of gold rose by 14 percent in the year of the pandemic, and oil prices also rose. Partners Group applied to the CNB for a banking license. Czech companies' deposits exceeded loans by 75 billion CZK in November.