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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: February inflation reached the CNB target, lower than the central bank's forecast. The inflation rate in Britain in January remained at four percent, growth was expected. The inflation rate in Turkey continues to grow, exceeding 67 percent in February. Japan avoided recession, the GDP revision for the fourth quarter showed. Analysis: World trade will grow at a rate of 2.8 percent per year, slower than GDP. The CNB will take the koruna's exchange rate into account when further reducing rates. Inflation slowed to 2.3 percent in January, welcomed by Fiala and Michl, the opposition is critical. Analysts: The weakening of the economy is starting to be reflected in fewer vacancies. The Czech economy performed better in the fourth quarter than the CNB expected. CSSA: The number of entrepreneurs in the Czech Republic increased by 23,000 to 1.127 million last year. Industrial conditions continued to deteriorate in February, but less than in January. EY: Chinese companies took over the fewest European companies last year since 2012. Analysts: The economy was dragged down by household consumption dampened by high inflation. DIW: The German economy is not recovering as quickly as expected. Confederation of Industry: The Czech Republic must prepare faster for the emergence of the hydrogen economy. According to the FT and Statista, the fastest growing company in Europe is the Czech Raylyst. CMKOS continues to estimate inflation at 5 percent for this year, according to it, price increases have not ended. Confidence in the Czech economy fell again in February.

Stock exchanges: Gold is at another record, a troy ounce costs more than $2,157. Gold price hits new record high after unemployment report. Gold price falls below $2,000 per ounce for first time in two months. KoBold sees more discoveries after discovery of rich copper deposit in Zambia.

Finance: J&T Arch Investments fund acquires stake in Emma Alpha Holding for CZK 2.5 billion. Banks provided mortgages worth CZK 15.8 billion in January, double year-on-year. Banks provided mortgages worth CZK 13 billion in January, double year-on-year. Association: Number of payment cards in the Czech Republic increased by 1.2 million to 15.2 million last year. Study: Banks continue to pay high wages even after 2008 crisis, bonus caps have not worked. US bank profits fell by 43.9 percent in the fourth quarter. Russia's second-largest bank VTB had a record profit last year, and is expecting another record this year. Banks provided loans to companies for CZK 688 billion last year, down by CZK 192 billion year-on-year. China has lowered the reference rate for mortgages, wanting to stimulate the real estate market. Analysis: One in 13 Czech companies that issued bonds after 2013 is insolvent. Billionaire Buffett's Berkshire Hathaway achieved a record net profit. Boy with a genetic disorder returned to the Czech Republic after surgery in France. Reuters: Deutsche Bank intends to file for liquidation of a Chinese developer. The European Investment Bank supported projects worth CZK 47.5 billion in the Czech Republic last year. S&P agency raised Portugal's rating to A-, praised the reduction in debt. Analysts: The price of gold is heading for records this year, the reason is budget deficits. Allianz Trade: The number of companies insolvent in the world increased by seven percent last year. The American bank NYCB is in trouble, it secured a billion-dollar financial injection. The Austrian Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. Some banks advise clients not to withdraw money from Euronet ATMs. UniCredit Bank: Real estate investments were less disadvantageous in February than in January. The German and Dutch central banks had multi-billion losses last year. The Italian insurance company Generali and the Austrian rival VIG report higher profits last year.