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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: Companies convicted of insurance fraud will probably not have access to contracts. The Chinese prime minister said that it will be difficult to achieve GDP growth of around five percent. E15: A possible missing check could cost the head of the Czech National Bank Michl his job, Pavel admitted. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. The Czech National Bank left the credit market protection rate unchanged today. Inflation in the US slowed to six percent in February, the lowest since September 2021. The government wants to prepare changes to the benefit system, and also mentions greater targeting of aid. A school in Železný Brod has acquired a nanofiber machine thanks to a partnership with Elmarco. Hampl: High inflation is more reflected in budget expenditures than in budget revenues. The Senate rejected the initiative to constitutionally enshrine the right to pay in cash. Bartoš: We must accelerate the equalization of regions and not be dependent on EU subsidies. Agency: Interest in land for the construction of photovoltaics is increasing by tens of percent. Survey: 83 percent of Czech households are concerned about inflation. The Czech Republic was among the EU countries with the highest inflation in February, according to the analysis. IMF chief: There are disagreements on the issue of debt restructuring of troubled countries. Investor confidence in the eurozone economy fell for the first time in five months in March. The CNB Bank Board divided its responsibilities at a meeting after personnel changes. Producer prices in the Czech Republic continued to grow by tens of percent in January. Zamrazilová: If the CNB predicts a 10% wage increase, there is a risk of tightening monetary policy. Bloomberg: Musk has returned to the position of the richest person in the world. Refugees from Ukraine are helping to alleviate the shortage of workers in Germany. Almost half of companies in the Czech Republic are investing a fifth of their investments in digitalization. DIW: The war in Ukraine reduced the performance of the German economy by 100 billion euros last year.

Stock exchanges: The price of gold rose above 1,900 USD per ounce due to difficulties in the banking sector. The Office of the Competition and Consumer Protection has allowed the TSR scrap metal processor to buy the Barko company. The price of gas for the European market has fallen below 50 euros, the lowest since December 2021. Commodities have risen sharply after the invasion, and many are now cheaper than before the war.

Finance: Česká spořitelna's net profit rose by 42.2 percent last year to 20.2 billion crowns. Allianz insurance company increased its net profit by 1.9 percent last year to 6.7 billion euros. Credit Suisse shares fell by a quarter, the main investor ruled out further assistance. Analysis: Of the 1,094 corporate bonds in the Czech Republic, 186, or 17 percent, are secured. SVB's collapse may have an impact on regional US banks, some investors fear. Police: Fake bankers force callers to take out loans and deposit money in bitcoinmat. The number of people with third-pillar pension savings fell by 40,000 to 4.39 million. American SVB has collapsed, the biggest banking collapse in the US since 2008. Falter: Austrian Raiffeisen is interested in the remains of Sberbank Europe. HSBC almost doubled its profit, but published a cautious outlook. Credit Suisse shares fell by 30 percent, the main investor ruled out further aid. The number of payment cards in the Czech Republic fell by 77,000 year-on-year to 14.02 million. Revolut increased its sales by 33 percent last year, and the year before that it was profitable for the first time. CNBC: SVB is negotiating its sale because efforts to raise capital failed. UniCredit Bank: The profitability of investments in residential real estate fell in February. Expert: The collapse of the American bank SVB will not affect Czech start-ups to a greater extent. A Chinese company with the participation of a bankrupt American bank claims that it is operating stably.