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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: Czech producer prices continued to rise by tens of percent in January. The number of bankruptcies and company reorganizations in the Czech Republic fell by three percent last year to 723. Inflation in Turkey slowed to 57.7 percent, but is higher than expected. Survey: 83 percent of Czech households are concerned about inflation. BBC: How many reserves does Russia have and how long will they last? USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. The government wants to prepare changes to the benefit system, also mentions greater targeting of aid. Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. Bartoš: We must accelerate the equalization of regions and not be dependent on EU subsidies. The Senate rejected the initiative to constitutionally enshrine the right to pay in cash. E15: A possible missing check could cost the head of the Czech National Bank Michl his job, Pavel admitted. After five years, there are more people out of work than there are vacancies, unemployment is 3.9 percent. CVVM: Most Czechs trust the Constitutional Court, the Czech National Bank and the Ombudsman. The British central bank raised interest rates to four percent, the highest since 2008. The Czech National Bank's banking board divided its powers at a meeting after personnel changes. DIW: The war in Ukraine reduced the output of the German economy by 100 billion euros last year. According to the head of the central bank, Greece's rating will soon return to the investment band. PwC: Czech companies need a predictable environment from the government above all. Thousands of people have been waiting outside the Czech National Bank since morning, wanting to receive a commemorative thousand-crown note. iROZHLAS: European prosecutor investigates possible subsidy fraud by a company from Olomouc. Bloomberg: Musk has returned to the position of the richest person in the world. Inflation in France and Spain has surprisingly increased, further interest rate increases are expected. The Czech economy entered recession in the fourth quarter of last year. Moody's agency lowered Ukraine's rating deeper into the speculative zone to Ca. 921 personal bankruptcies were declared in the Czech Republic in January, 39 more than in December. The Russian Central Bank will extend the validity of restrictions on capital movements.

Stock exchanges: The world's largest gold miner Newmont wants to take over competitor Newcrest. Analyst: Energy prices fell significantly on the stock exchanges in January, gold prices rose. CNBC: The world is facing a copper shortage that could last until 2030. The Office of the Competition Commissioner has approved the purchase of scrap metal processor TSR by Barko. BBC: Botswana sold diamonds for a record $4.5 billion last year. Commodities have risen sharply in price after the invasion, and many are now cheaper than before the war.

Finance: The Senate Constitutional Commission does not want the constitutional enshrinement of the right to pay in cash. Moneta Money Bank increased its net profit by 30.2 percent last year to CZK 5.19 billion. The former head of the bankrupt Wirecard denied that he was involved in fraud. PayPal intends to lay off 2,000 people, which is about seven percent of its workforce. The guarantee system paid 98 percent of compensation to 87,000 Sberbank clients last year. The number of people saving for a third-pillar pension fell by 40,000 to 4.39 million. Insurance company Allianz increased its net profit by 1.9 percent last year to 6.7 billion euros. Fraudsters defrauded two women from Prague of more than four million crowns. Survey: Apartment sales fell by more than half last year. Deutsche Bank increased its pre-tax profit by 68 percent last year to a 15-year high. Turkey's current account deficit was the highest in at least a decade last year. Russian bank Tinkoff canceled interest payments on Eurobonds due to sanctions. Buffett's company Berkshire Hathaway had a record operating profit last year.