4 048,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The Russian Central Bank will extend the validity of restrictions on capital movements. iROZHLAS: The European prosecutor is investigating a possible subsidy fraud by a company from Olomouc. The priority of MEPs for the next EU summit is the competitiveness of the economy. Almost half of companies in the Czech Republic are investing a fifth of their investments in digitalization. Zamrazilová: If the CNB predicts a 10 percent wage increase, there is a risk of tightening monetary policy. The Czech Republic was among the EU countries with the highest inflation in February, according to the analysis. The Chinese prime minister said that it would be difficult to achieve GDP growth of around five percent. The growth of the Canadian economy surprisingly stopped at the end of last year. Agency: Interest in land for the construction of photovoltaics is increasing by tens of percent. The EU should produce more green technologies and key raw materials, the EC proposed. CVVM: Most Czechs trust the Constitutional Court, the Czech National Bank and the Ombudsman. Mayors are concerned that the revenue from the increased property tax would go to the state. The inflation rate in Argentina exceeded 100 percent for the first time since the early 1990s. Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. The vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. Despite turbulent markets, the ECB increased its base rates by half a percentage point. After 30 years, Slovakia is the second largest export market and the fifth largest import market. Inflation in France and Spain has surprisingly increased, and further interest rate increases are expected. The average wage in the Czech Republic reached 40,353 crowns last year, but fell in real terms. Inflation in the US slowed to six percent in February, the lowest since September 2021. Hampl: High inflation is more reflected in spending than in budget revenues.

Stock exchanges: UBS: China could control a third of the lithium market by 2025. Commodities have risen sharply after the invasion, and many are now cheaper than before the war.

Finance: Police: Fake bankers force callers to take out loans and deposit money in a bitcoin wallet. Revolut increased sales by 33 percent last year, and the year before that it was profitable for the first time. Credit Suisse shares fell by 30 percent, the main investor ruled out further aid. Moody's: European banking systems remain in basically good shape. Reuters: Credit Suisse is just buying time thanks to help from the central bank. Survey: Apartment sales fell by more than half year-on-year last year. Russian bank Tinkoff canceled interest payments on Eurobonds due to sanctions. US stocks closed mixed, banks weakened. The British central bank is holding emergency talks over Credit Suisse. The value of global financial stocks fell by $465 billion after the collapse of SVB. The collapse of two US banks has only a limited impact in the EU, the European Commissioner said. Another bank, New York's Signature Bank, has closed in the US. The collapse of SVB may have an impact on regional US banks, some investors fear. Italian insurance company Generali increased operating profit by 11.2 percent last year to a record. The guarantee system paid out 98 percent of compensation to 87,000 Sberbank clients in a year. A Chinese company with a stake in a bankrupt US bank claims that it is operating stably. HSBC to acquire British subsidiary of bankrupt SVB for one pound. The parent company of bankrupt American bank SVB has declared bankruptcy. The American banking system is safe, the American president assured. CBA: Mortgage volume in February increased by 20 percent month-on-month, rates fell. British bank considers buying British division of bankrupt American bank SVB. CBA: Mortgage volume in February increased by 20 percent month-on-month, rates fell.