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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: Exxon CEO criticizes EU energy policy, saying it has gone too far. Median: Czechs most often protect themselves from inflation by investing in gold. The Fed raised the base interest rate by a quarter of a percentage point, as expected. The Czech Republic was among the EU countries with the highest inflation in February, according to the analysis. According to the head of the central bank, Greece's rating will soon return to the investment band. The new member of the NRB board of directors will be former vice-governor of the Czech National Bank Nidetzký. David Havlíček became chairman of the board of directors of the state-owned EGAP. EBRD: Forecasts of an early interest rate cut in Central Europe are optimistic. The priority of MEPs for the next EU summit is the competitiveness of the economy. The Czech National Bank today left the rate for protecting the credit market unchanged. Investor confidence in the eurozone economy fell for the first time in five months in March. Mayors are concerned that the revenue from the increased property tax would go to the state. Inflationary pressures in the Czech economy are only slowly fading, analysts agree. The average wage in the Czech Republic reached 40,353 crowns last year, but has fallen in real terms. Experts warn that 51 percent of people in the world may be overweight or obese by 2035. According to a spokesperson, the Czech National Bank does not work with materials with the highest level of secrecy. The Vysočina Region has 1.3 billion crowns ready to finance larger projects. Agency: Interest in land for the construction of photovoltaics is increasing by tens of percent. A school in Železný Brod has acquired a nanofiber machine thanks to a partnership with Elmarco.

Stock markets: UBS: China could control a third of the lithium market by 2025. Gunmen in the Central African Republic killed nine Chinese at a gold mine. The price of gold exceeded the 2,000 USD mark today, its strongest in a year.

Finance: Flagstar Bank will take over deposits and loans from the bankrupt Signature Bank. Chinese real estate company Evergrande plans to restructure debt abroad. The value of global financial stocks decreased by 465 billion USD after the collapse of SVB. First Citizens BancShares is considering a bid for the bankrupt bank SVB. The American SVB has collapsed, it is the largest bank collapse in the US since 2008. European stocks have weakened sharply due to the collapse of two American banks. European bank shares are falling sharply, the markets were not reassured by the Credit Suisse takeover. The deadline for questioning the sale of Sberbank CZ loans to Česká spořitelna is ending. The US banking system is safe, the US president assured. Falter: Austrian Raiffeisen is interested in the remains of Sberbank Europe. The collapse of two US banks has only a limited impact in the EU, the European Commissioner said. Survey: Half of young Czechs see investing as standard money management. Bloomberg: US regulator is leaning towards splitting up the bankrupt SVB bank. HSBC will acquire the British subsidiary of the bankrupt SVB for one pound. Reuters: Credit Suisse is just buying time thanks to help from the central bank. ČSOB warned today about fraudsters who are abusing its logo. Credit Suisse shares fell by a quarter, the main investor ruled out further help. Despite the initial decline, European shares strengthened, fears about banks eased. SVB collapse could have an impact on regional US banks, some investors fear. A British bank is considering buying the British division of the bankrupt US bank SVB. Russian bank Tinkoff has canceled interest payments on Eurobonds due to sanctions. The British central bank is holding emergency talks over Credit Suisse. Another bank, New York's Signature Bank, has collapsed in the US.