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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: PwC: Czech companies need a predictable environment from the government above all. The average wage in the Czech Republic reached 40,353 crowns last year, falling in real terms. Investor confidence in the eurozone economy fell for the first time in five months in March. Slovakia is the second largest export market after 30 years, the fifth largest import market. Companies convicted of insurance fraud will probably not have access to contracts. The CNB Bank Board divided its responsibilities at a meeting after personnel changes. CNB: There are no banks operating in the Czech Republic with a similar model to those that failed in the US. The CNB Vice Governor denied that the central bank's steps would lead to higher inflation. Producer prices in the Czech Republic continued to rise by tens of percent in January. Survey: 83 percent of Czech households are concerned about inflation. CVVM: Most Czechs trust the Constitutional Court, the Czech National Bank and the Ombudsman. Almost half of companies in the Czech Republic invest a fifth of their investments in digitalization. Experts warn that 51 percent of people in the world could be overweight or obese by 2035. Inflationary pressures in the Czech economy are only slowly fading, analysts agree. The Russian Central Bank will extend restrictions on capital movements. The New Zealand Central Bank raised the base interest rate to a 14-year high. Bloomberg: Musk has returned to the position of the richest person in the world. The government wants to prepare changes to the benefit system, and also mentions greater targeting of aid. iROZHLAS: The European prosecutor is investigating possible subsidy fraud by a company from the Olomouc region. IMF chief: There are disagreements on the issue of debt restructuring in troubled countries. The growth of the Canadian economy surprisingly stopped at the end of last year. Greece's rating will soon return to investment grade, according to the head of the central bank. Agency: Interest in land for the construction of photovoltaics is increasing by tens of percent.

Stock exchanges: The price of gas for the European market has fallen below 50 euros, the lowest since December 2021. The Office for the Protection of Competition has allowed the metal scrap processor TSR to buy the company Barko. Mining giant Glencore achieved a record profit thanks to expensive oil and coal. 9.4 tons of gold were imported to the Czech Republic last year, the most in the last 11 years.

Finance: Allianz insurance company increased its net profit by 1.9 percent last year to 6.7 billion euros. Buffett's company Berkshire Hathaway had a record operating profit last year. Česká spořitelna's net profit increased by 42.2 percent last year to 20.2 billion crowns. British bank considering buying British division of bankrupt US bank SVB. US stocks closed mixed, banks weakened. Another bank, New York's Signature Bank, closed in the US. CBA: Mortgage volume rose 20 percent month-on-month in February, rates fell. American SVB went bankrupt, it is the largest bank collapse in the US since 2008. Swiss bank Credit Suisse found serious deficiencies in its statements. Italian insurance company Generali increased operating profit by 11.2 pct. last year to a record. Revolut increased sales by 33 percent last year, it was profitable for the first time the year before. Survey: More than half of Czech rich people managed to increase the value of their assets last year. SVB's collapse may have an impact on regional US banks, some investors fear. HSBC will acquire the British subsidiary of bankrupt SVB for one pound. UniCredit Bank: The profitability of investments in residential real estate fell in February. A Chinese company with the participation of a bankrupt American bank claims that it is operating stably. The WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. Turkey's current account deficit was the highest last year in at least a decade.