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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: USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. The Bishopric of Budějovice recovered from losses, valued its investment assets. Almost half of companies in the Czech Republic are investing a fifth of their investments in digitalization. PwC: Czech companies primarily need a predictable environment from the government. The CNB Bank Board divided its responsibilities at a meeting after personnel changes. Reuters: Japanese worker's salary increased for the first time in 20 years. DIW: The war in Ukraine reduced the output of the German economy by 100 billion euros last year. Thousands of people have been waiting in front of the CNB since morning, wanting to receive a commemorative thousand-crown note. Inflation in Turkey has slowed to 57.7 percent, but is higher than expected. Global economic growth will slow to 1.9 percent this year, the UN estimates. Survey: 83 percent of Czech households are worried about inflation. EU countries are arguing about new money to support the economy ahead of the summit. People were still queuing for a special thousand-crown note today, and it sold out in the afternoon. Partners promised Africa $30 billion to develop food production. Architect and entrepreneur Vladimír Stehlík, associated with Poldi Kladno, has died. According to Pavel, pension and tax reforms are necessary, they need to be explained to people. The Zlín Region Entrepreneur of the Year is Tomáš Dudák, CEO of Spur. CZK 108 billion was paid out from the IROP program in the ending period, 72 percent of the total amount. Analysis: The number of self-employed persons in the Czech Republic decreased by 1,300 last year, while their number increased in previous years. After five years, there are more people out of work than vacancies, unemployment is 3.9 percent. The empire of Indian businessman Adani continues to lose value rapidly after the accusation. Hampl: The Czech economy should return to price stability as soon as possible. China remained Germany's largest trading partner last year, and has been for seven years. 921 personal bankruptcies were declared in the Czech Republic in January, 39 more than in December. For the war to end, Russia must lose, Scholz said in Davos.

Stock markets: BBC: Botswana sold diamonds for a record $4.5 billion last year. Analyst: Energy prices fell significantly on the stock markets in January, gold rose in price. World Gold Council: Central banks bought the most gold last year since 1967. EUObserver: Mine in the Arctic part of Sweden threatens the indigenous Sami population. The Office of the Competition Commissioner has approved the purchase of the metal scrap processor TSR by Barko. CNBC: The world is facing a copper shortage that could last until 2030. The Brazilian government has deployed the army to fight illegal miners in the Amazon. The price of gas for the European market has fallen below 50 euros, the lowest since December 2021.

Finance: Analysis: Of the 1,094 corporate bonds in the Czech Republic, 186 are secured, or 17 percent. WHO needs $2.54 billion this year, facing a large number of crises. The number of payment cards in the Czech Republic fell by 77,000 to 14.02 million. UniCredit Bank: The profitability of investments in residential real estate fell in February. Turkey's current account deficit was the highest in at least ten years last year. Fraudsters defrauded two women from Prague of more than four million crowns. Insurance companies uncovered fraud worth more than a billion CZK last year, more than a year ago. Deutsche Bank increased its pre-tax profit by 68 percent last year to a 15-year high. Société Générale's net profit fell by almost two-thirds last year. Lebanon promised to pay a debt to the UN in order to regain its voting rights. Confederation of Industry: The share of euro loans in companies has almost halved. The number of people with third-pillar pension savings fell by 40,000 to 4.39 million.