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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: Analysts expect another cut in the CNB's base interest rate. European Free Trade Association countries invest $100 billion in India. Deloitte: The number of mergers and acquisitions in Europe and the UK fell by 24 percent last year. Analysis: Norwegians received the highest pensions, Czechs had above-average. February inflation reached the CNB's target, but was lower than the central bank's forecast. Industrial conditions continued to deteriorate in February, but less than in January. Fuel prices in Cuba rose by 500 percent, electricity also became more expensive. Consumer prices in China rose for the first time in six months in February. The poorest countries have still not managed to recover from the Covid-19 pandemic, according to the UN. Czech glassmakers are not competitive, but the Ministry of Industry and Trade claims to support them. DIW: German economy not recovering as fast as expected. Turkey's inflation rate continues to rise, exceeding 67 percent in February. Analysts: Improved confidence in the economy shows that the economy is starting to recover. Confidence in the Czech economy fell again in February. CNBC: Europe has had its worst earnings season since the onset of covid-19. Analysts: The weakening of the economy is starting to be reflected in fewer vacancies.

Stock exchanges: Prices of gas, electricity and cereals are falling this year, while prices of oil, aluminum and cotton are rising. KoBold is optimistic about further discoveries after the discovery of a rich copper deposit in Zambia. The price of gold has climbed to another record, surpassing 2,200 USD per troy ounce. The price of cocoa has already more than doubled this year, reaching a record $10,000 per ton. Russian aluminum company Rusal's profit fell last year due to lower prices.

Finance: Austrian Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. The Turkish central bank raised the base interest rate by five points to 50 percent. The Turkish central bank left the base interest rate at 45 percent, the lira continues to fall. Golden Gate retailer's sales fell by 53 percent last year to CZK 3.1 billion. Fitch changed the outlook for the Czech Republic's main credit rating from negative to stable. Italian insurance company Generali and Austrian rival VIG report higher profits last year. Banks provided mortgages worth CZK 15.8 billion in January, double the year-on-year figure. The integration of the development and export banks should be completed next year. The Fed did not change interest rates, and this year it expects them to be reduced by 0.75 percentage points. The American bank NYCB is in trouble, it secured a billion-dollar financial injection. Hypoindex: The average mortgage rate rose to 5.62 percent in early March. Index: Mutual funds generally continued to make profits for investors in February. The Japanese central bank raised its base interest rate after 17 years. The German and Dutch central banks had multi-billion losses last year. The Swiss central bank calls for a change in regulation, referring to Credit Suisse. Over 70 percent of Czechs are not well-versed in investments, according to a survey. Study: 61 percent of customers of global banks require a call with live operators. The Swiss central bank surprisingly reduced the base interest rate to 1.50 percent. Trinity Bank's gross profit fell by 200 million to 800 million crowns last year. Moody's has worsened the outlook for the credit rating of ČEZ. CBA: The real estate market in the Czech Republic has revived, apartment sales increased by tens of percent last year. Media: Saudi Arabia is preparing a giant fund for investments in artificial intelligence. J&T Arch Investments fund acquired a stake in Emma Alpha Holding for 2.5 billion CZK. The second largest Russian bank VTB had a record profit last year, and is expecting another record this year.