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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: Inflation in Turkey slowed to 57.7 percent, but is higher than expected. The Slovak economy maintained its quarterly growth rate, but the year-on-year growth rate slowed. Domestic start-ups attracted investments worth tens of billions of CZK last year. According to Pavel, pension and tax reforms are necessary, they need to be explained to people. According to the IMF chief, global economic growth should rebound from the bottom this year. The number of banknotes and coins in circulation increased last year, but their value fell. As expected, the Fed raised the key interest rate by a quarter of a percentage point. Moody's lowered Ukraine's rating deeper into the speculative zone to Ca. German GDP fell by 0.2 percent in the fourth quarter, up 1.8 percent for the whole year. Allianz: Cyberattacks and disruptions remain the biggest risks for companies. Analysis: 1,300 self-employed people lost their jobs in the Czech Republic last year, while they increased in previous years. Lagarde: The economic outlook for the eurozone has improved despite high inflation. Study: The number of bankruptcies of companies and entrepreneurs in the Czech Republic increased month-on-month in January. Markets underestimate the ECB's determination to continue raising rates, a member of the Governing Council warned. For the war to end, Russia must lose, Scholz said in Davos. 921 personal bankruptcies were declared in the Czech Republic in January, 39 more than in December. The České Budějovice bishopric recovered from losses and revalued its investment assets. The CNB Bank Board divided its responsibilities at a meeting after personnel changes. The BDI industry association expects the German economy to decline by 0.3 percent this year. Taiwan's economy shrank the most in 13 years in the quarter due to weak exports. Reuters: Japanese worker's wage increased for the first time in 20 years. Partners promised Africa $30 billion to develop food production. Cross-border payments for online purchases will be recorded to combat fraud. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. Hampl: The Czech economy should return to price stability as soon as possible.

Stock exchanges: World Gold Council: Central banks bought the most gold last year since 1967. Gold exports from Switzerland to a number of countries rose to multi-year highs last year. Analysts: Gold rose 18 percent in three months, three percent in crowns. BASF and Eramet plan a nickel and cobalt processing plant in Indonesia. The price of gas for the European market fell below 50 euros, the lowest since December 2021. EUObserver: A mine in the Arctic part of Sweden threatens the indigenous Sami population. Nine people died after a collapse in a gold mine in Burkina Faso. The world's largest gold miner Newmont wants to take over competitor Newcrest.

Finance: Fraudsters robbed two women from Prague of more than four million crowns. UniCredit Bank: The profitability of investments in residential real estate fell in February. Insurance company Allianz increased its net profit by 1.9 percent last year to 6.7 billion euros. Austria's Raiffeisen Bank International sharply increased its profit last year. WHO needs $2.54 billion this year, faces multiple crises. Former head of bankrupt Wirecard denies involvement in fraud. Société Générale's net profit plunged by almost two-thirds last year. PayPal plans to lay off 2,000 people, about seven percent of its workforce. Aircraft leasing companies assess risks in China and Taiwan. Goldman Sachs and Morgan Stanley's quarterly profits fell sharply. Senate constitutional committee does not want the right to pay in cash to be enshrined in the constitution. Deutsche Bank increased its pre-tax profit by 68 percent last year, the highest in 15 years.