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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: iROZHLAS: European prosecutor investigates possible subsidy fraud by a company from Olomouc. IMF chief: There are disagreements on the issue of debt restructuring in troubled countries. The government wants to prepare changes to the benefit system, also mentions greater targeting of aid. PwC: Czech companies primarily need a predictable environment from the government. Cross-border payments for online purchases will be registered to combat fraud. E15: Any missing check could cost CNB chief Michl his job, Pavel admitted. Bloomberg: Musk returned to the position of the richest person in the world. The CNB Bank Board divided its responsibilities at a meeting after personnel changes. China remained Germany's largest trading partner last year, and has been so for seven years. Indian businessman Adani's empire continues to lose value rapidly after indictment. Lawyer Michal and businessman Überall filed constitutional complaints in tax case. Survey: 83 percent of Czech households are concerned about inflation. Companies convicted of insurance fraud will probably not have access to contracts. According to Pavel, pension and tax reforms are necessary, they need to be explained to people. The New Zealand central bank raised the base interest rate to a 14-year high. Almost half of companies in the Czech Republic invest a fifth of their investments in digitalization. German GDP fell by 0.2 percent in the fourth quarter, up 1.8 percent for the whole year. The number of bankruptcies and company reorganizations in the Czech Republic fell by three percent last year to 723. The growth of the Canadian economy surprisingly stopped at the end of last year. The British central bank has raised interest rates to four percent, the highest since 2008. An exhibition marking the anniversary of the currency separation opens at the Czech National Bank visitor center. Inflation in France and Spain has risen surprisingly, with further interest rate increases expected. BBC: How many reserves does Russia have and how long will they last? The Fed, as expected, has raised its key interest rate by a quarter of a percentage point.

Stock markets: The Brazilian government has deployed the army to fight illegal miners in the Amazon. BBC: Botswana sold diamonds for a record $4.5 billion last year. CNBC: The world is facing a copper shortage that could last until 2030. Nine people died after a gold mine collapse in Burkina Faso. The world's largest gold miner Newmont wants to take over its competitor Newcrest. Last year, 9.4 tons of gold were imported into the Czech Republic, the most in the last 11 years. The price of gas for the European market fell below 50 euros, the lowest since December 2021. Analysts: Gold rose by 18 percent in three months, in korunas by three percent.

Finance: Survey: Apartment sales fell by more than half last year. The number of payment cards in the Czech Republic fell by 77,000 year-on-year to 14.02 million. Buffett's company Berkshire Hathaway had a record operating profit last year. Moneta Money Bank increased its net profit by 30.2 percent last year to CZK 5.19 billion. The number of people with third-pillar pension savings fell by 40,000 to 4.39 million. The former head of the bankrupt Wirecard denied that he was involved in fraud. The guarantee system paid 98 percent of the compensation to 87,000 Sberbank clients last year. Police: Fake bankers force callers to take out a loan and deposit money in a bitcoin wallet. The WCA fund is bankrupt, according to a representative of creditors, people invested 2 billion in it. PayPal intends to lay off 2,000 people, which is about seven percent of its workforce. Austria's Raiffeisen Bank International sharply increased its profit last year. HSBC almost doubled its profit, but published a cautious outlook. Credit Suisse has the deepest loss since the 2008 crisis last year.