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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: The CNB Bank Board divided its powers at a meeting after personnel changes. In 2035, 51 percent of people in the world may be overweight or obese, experts warn. After 30 years, Slovakia is the second largest export market, the fifth largest import market. The Russian Central Bank will extend restrictions on capital movements. Bartoš: We must accelerate the equalization of regions and not be dependent on EU subsidies. DIW: The war in Ukraine reduced the performance of the German economy by 100 billion euros last year. Hampl: High inflation is more reflected in spending than in budget revenues. Bloomberg: Musk has returned to the position of the richest person in the world. The growth of the Canadian economy surprisingly stopped at the end of last year. The average wage in the Czech Republic reached 40,353 crowns last year, falling in real terms. The head of Exxon criticized the EU's energy policy, saying it went too far. Almost half of companies in the Czech Republic are investing a fifth of their investments in digitalization. The Senate rejected an initiative to enshrine the right to pay in cash in the constitution. The number of bankruptcies of pubs and bars in Britain increased by 83 percent last year. China remained Germany's largest trading partner last year, and has been for seven years. PwC: Czech companies need a predictable environment from the government above all. The Chinese prime minister said that it will be difficult to achieve GDP growth of around five percent. Moody's lowered Ukraine's rating deeper into the speculative zone to Ca. IMF chief: There are disagreements on the issue of debt restructuring of troubled countries. New Zealand's central bank raised the base interest rate to a 14-year high. The Bishopric of Budějovice recovered from losses, revalued its investment assets. The Czech National Bank today left the credit market protection rate unchanged. The Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. Investor confidence in the eurozone economy fell in March for the first time in five months.

Stock exchanges: Nine people died after a gold mine collapse in Burkina Faso. Commodities have risen sharply in price after the invasion, and many are now cheaper than before the war. Mining giant Glencore achieved record profits thanks to expensive oil and coal. Bloomberg: Tesla is considering taking over metal miner Sigma Lithium.

Finance: Turkey's current account deficit was the highest in at least a decade last year. Survey: More than half of Czech rich people managed to increase the value of their assets last year. The American banking system is safe, the American president assured. Revolut increased sales by 33 percent last year, and the year before that it was profitable for the first time. Česká spořitelna's net profit rose by 42.2 percent last year to 20.2 billion crowns. UniCredit Bank: The profitability of residential real estate investments fell in February. The former head of bankrupt Wirecard denied that he was involved in fraud. Analysis: Of the 1,094 corporate bonds in the Czech Republic, 186, or 17 percent, are secured. European stocks weakened sharply due to the collapse of two American banks. Italian insurance company Generali increased operating profit by 11.2 percent last year to a record. Buffett's Berkshire Hathaway had a record operating profit last year. SVB's collapse may have an impact on regional US banks, some investors fear. Falter: Austrian Raiffeisen is interested in the remains of Sberbank Europe. Russian bank Tinkoff has canceled interest payments on Eurobonds due to sanctions. WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. Insurance company Allianz increased net profit last year by 1.9 percent to 6.7 billion euros.