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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: CNB cuts key interest rate to 6.25 percent, koruna weakens. Confederation of Industry: Czech Republic must prepare faster for hydrogen economy. Analysis: World trade to grow at 2.8 percent per year, slower than GDP. Industrial conditions worsened further in February, but less than in January. Analysts: Economy dragged down by household consumption dampened by high inflation. Inflation fell in January, some experts expect it to be below three percent. Czech glassmakers are not competitive, but the Ministry of Industry and Trade claims to support them. Turkey's inflation rate continues to rise, exceeding 67 percent in February. According to FT and Statista, Czech Raylyst is the fastest growing company in Europe. Germany's economic problems are dragging down the economies of Eastern European countries. WSJ: Indonesia is trying to join the family of Asian economic tigers. IMF chief Georgieva: The global economy is heading for a soft landing. Inflation slowed to 2.3 percent in January, welcomed by Fiala and Michl, the opposition is critical. CSSA: The number of entrepreneurs in the Czech Republic increased by 23,000 last year to 1.127 million. Bloomberg: Germany's days as an industrial superpower may be coming to an end. The Czech economy performed better in the fourth quarter than the Czech National Bank expected. The inflation rate in Britain remained at four percent in January, growth was expected. Consumer prices in China fell the most in 14 years in January.

Stock markets: According to analysts, silver is set to have a successful year, with the price likely to rise to a 10-year high. The price of gold fell below $2,000 per ounce for the first time in two months. Gold exports from Switzerland were the highest in six years in January. Polymetal International agreed to sell Russian assets for $3.7 billion. The price of gold is at a record high thanks to the expected reduction in interest rates in the US.

Finance: IIF: Global debt rose to a record $313 trillion last year. Société Générale's net profit fell by 60 percent, but exceeded estimates. Survey: Two-thirds of Czechs regularly save money for retirement. Billionaire Buffett's Berkshire Hathaway achieved a record net profit. Study: 61 percent of global bank customers require a call with live operators. A boy with a genetic disorder returned to the Czech Republic after surgery in France. UniCredit Bank: Real estate investments were less disadvantageous in February than in January. Fitch changed the outlook for the Czech Republic's main credit rating from negative to stable. The profit of the largest European banks exceeded 100 billion euros for the first time last year. Partners Bank, a bank from the Partners financial group, is starting operations these days. CBA: The real estate market in the Czech Republic has revived, apartment sales increased by tens of percent last year. Analysis: One in 13 Czech companies that issued bonds after 2013 is insolvent. Banks provided mortgages worth 13 billion CZK in January, double the year-on-year figure. Survey: A third of Czechs regret not investing their excess money. Komerční banka's net profit fell by 11.4 percent to 15.6 billion CZK last year. Analysts: The price of gold is heading for records this year, the reason is budget deficits. Austria's Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. Retail investors have been withdrawing from European real estate funds for almost a year. Index: Mutual funds made investors a profit in January, equity funds two percent. Hypoindex: The average mortgage rate fell to 5.6 percent in early February. Payment via Apple Pay is the most used mobile payment service in the Czech Republic. The German and Dutch central banks had multi-billion losses last year.