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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: Markets underestimate ECB's determination to continue raising rates, warns Governing Council member. Lagarde: Eurozone economic outlook has improved despite high inflation. Czech National Bank improves economic outlook, expects GDP to fall by 0.3 percent this year. The number of banknotes and coins in circulation increased last year, but their value fell. Taiwan's economy shrank the most in 13 years in the quarter due to weak exports. Lawyer Michal and businessman Überall filed constitutional complaints in tax case. Reuters: Japanese worker's salary increased for the first time in 20 years. Bartoš: We must accelerate regional equalization and not be dependent on EU subsidies. The České Budějovice bishopric recovered from losses, revalued its investment assets. Partners pledge $30 billion to Africa to develop food production. USGS: Damage from earthquake in Turkey could reach $10 billion. China remained Germany's largest trading partner last year, having been for seven years. The number of pub and bar bankruptcies in Britain rose by 83 percent last year. PwC: Czech companies need a predictable environment from the government above all. EU countries are arguing about new money to support the economy ahead of the summit. Study: The number of bankruptcies of companies and entrepreneurs in the Czech Republic rose month-on-month in January. DIW: The war in Ukraine reduced the performance of the German economy by 100 billion euros last year. Hampl: The Czech economy should return to price stability as soon as possible. For the war to end, Russia must lose, said Scholz in Davos. Thousands of people have been waiting outside the Czech National Bank since morning, wanting to receive a commemorative thousand-koruna. An exhibition on the anniversary of the currency separation opens at the CNB visitor center. An Argentine opposition politician calls for Maduro to be arrested if he comes to the CELAC summit. Refugees from Ukraine help alleviate the labor shortage in Germany. The British central bank has raised interest rates to four percent, the highest since 2008. The Zlín Region's Entrepreneur of the Year is Tomáš Dudák, CEO of Spur.

Stock exchanges: The world's largest gold miner Newmont wants to take over its competitor Newcrest. The price of gas for the European market has fallen below 50 euros, the lowest since December 2021. BBC: Botswana sold diamonds for a record $4.5 billion last year. 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. Mining giant Glencore achieved record profits thanks to expensive oil and coal. CNBC: The world is struggling with a shortage of copper that may last until 2030. The Brazilian government has deployed the army to fight illegal miners in the Amazon.

Finance: Survey: More than half of the Czech rich managed to increase the value of their assets last year. The US office extended the exemption from sanctions for Sberbank CZ, the sale can continue. Lebanon promised to pay a debt to the UN to regain voting rights. PayPal intends to lay off 2,000 people, which is about seven percent of its workforce. Aircraft leasing companies are assessing risks in China and Taiwan. Confederation of Industry: The share of euro loans in companies has almost halved. Deutsche Bank increased its pre-tax profit by 68 percent last year to a 15-year high. Insurance companies uncovered fraud worth more than a billion CZK last year, more than a year ago. Credit Suisse bank had its deepest loss last year since the 2008 crisis. Senate Constitutional Commission does not want the constitutional enshrinement of the right to pay in cash. Fraudsters robbed two women from Prague of more than four million crowns. The number of payment cards in the Czech Republic fell by 77,000 year-on-year to 14.02 million.