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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 Czech Republic was among the EU countries with the highest inflation in February, according to an analysis. Investor confidence in the eurozone economy fell for the first time in five months in March. The vice-governor of the Czech National Bank denied that the central bank's steps would lead to higher inflation. According to a spokesperson, the Czech National Bank does not work with materials with the highest level of secrecy. Inflationary pressures in the Czech economy are only slowly fading, analysts agree. Refugees from Ukraine are helping to alleviate the shortage of workers in Germany. Producer prices in the Czech Republic continued to rise by tens of percent in January. Companies convicted of insurance fraud will probably not have access to orders. An exhibition marking the anniversary of the currency separation is opening at the Czech National Bank visitor center. The head of Exxon criticized the EU's energy policy, saying it had gone too far. The CNB Bank Board divided its powers at a meeting after personnel changes. The Russian Central Bank will extend the validity of restrictions on capital movements. E15: Any missing check could cost CNB head Michl his job, Pavel admitted. According to the head of the central bank, Greece's rating will soon return to the investment band. The New Zealand central bank raised the base interest rate to a 14-year high. Moody's agency lowered Ukraine's rating deeper into the speculative band to Ca. People were still standing in queues for a special thousand-crown note today, it sold out in the afternoon. The average wage in the Czech Republic reached 40,353 crowns last year, but it fell in real terms. CNB: There are no banks in the Czech Republic with a similar model to those that fell in the US. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. A school in Železný Brod has acquired a nanofiber machine thanks to a partnership with Elmarco. The Chinese prime minister said that it will be difficult to achieve GDP growth of around five percent. The growth of the Canadian economy surprisingly stopped at the end of last year. Almost half of companies in the Czech Republic are investing a fifth of their investments in digitalization. Agency: Interest in land for the construction of photovoltaics is increasing by tens of percent.

Stock exchanges: UBS: China could control a third of the lithium market by 2025. Commodities have risen sharply in price after the invasion, and many are now cheaper than before the war. The Office for the Protection of Consumer Rights has allowed the metal waste processor TSR to buy the company Barko. Nine people died after a collapse in a gold mine in Burkina Faso. Bloomberg: Tesla is considering taking over metal miner Sigma Lithium.

Finance: HSBC to acquire British subsidiary of bankrupt SVB for one pound. Another bank, New York's Signature Bank, has closed in the US. Turkey's current account deficit was the highest in at least a decade last year. A Chinese company with a stake in a bankrupt US bank claims it is operating stably. Russian bank Tinkoff has canceled interest payments on Eurobonds due to sanctions. Revolut increased sales by 33 percent last year, making a profit for the first time the year before. Survey: Apartment sales fell by more than half last year. Česká spořitelna's net profit rose by 42.2 percent last year to 20.2 billion crowns. Buffett's Berkshire Hathaway had a record operating profit last year. The US banking system is safe, the US president assured. Société Générale's net profit fell by almost two-thirds last year. The number of payment cards in the Czech Republic fell by 77,000 year-on-year to 14.02 million. Fraudsters defrauded two women from Prague of more than four million crowns. HSBC bank almost doubled its profit, but published a cautious outlook. The number of people with third-pillar pension savings fell by 40,000 to 4.39 million.