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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: CZK 108 billion was paid out from the IROP program in the closing period, 72 percent of the total amount. China remained Germany's largest trading partner last year, and has been for seven years. Moody's agency lowered Ukraine's rating deeper into the speculative zone to Ca. Tomáš Dudák, CEO of Spur, is the Zlín Region's Entrepreneur of the Year. Architect and entrepreneur Vladimír Stehlík, associated with Poldi Kladno, has died. The inflation rate in Argentina exceeded 94 percent, the fifth highest in the world. Allianz: Cyberattacks and disruptions remain the biggest risks for companies. In Kroměříž and its surroundings, the number of entrepreneurs decreased slightly last year, and there are over 12,000 of them. The empire of Indian businessman Adán continues to lose value rapidly after the accusations. Oxfam: Extreme wealth and poverty have increased simultaneously for the first time in 25 years. The BDI industry association expects the German economy to shrink by 0.3 percent this year. PwC: 73 percent of CEOs expect a decline in the global economy this year. The British economy grew surprisingly in November, supported by football. BBC: How much does Russia have in reserves and how long will it last? Global economic growth will slow to 1.9 percent this year, the UN estimates. Inflation in Turkey has slowed to 57.7 percent, but is higher than expected. 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. 921 personal bankruptcies were declared in the Czech Republic in January, 39 more than in December. Partners pledged $30 billion to Africa to develop food production. The Czech Republic is the only EU country whose national debt increased in the third quarter of last year. The Czech National Bank has improved its economic development forecast, expecting a 0.3 percent decline in GDP this year. People were still queuing for a special thousand-crown note today, which sold out in the afternoon. The Senate committee did not support breaking banking secrecy due to the OLAF investigation. Allianz Trade: Global economic growth could accelerate next year. Study: The number of bankruptcies of companies and entrepreneurs in the Czech Republic increased month-on-month in January. USGS: Damage caused by the earthquake in Turkey could amount to up to ten billion dollars.

Stock exchanges: World Gold Council: Central banks bought the most gold last year since 1967. CNBC: The world is struggling with a copper shortage that could last until 2030. Analyst: Energy prices fell significantly on the stock exchanges in January, gold prices rose. Gold exports from Switzerland to a number of countries rose to multi-year highs last year. The Brazilian government deployed the army to fight illegal miners in the Amazon. Analysts: Gold rose by 18 percent in three months, in korunas by three percent.

Finance: Survey: 35 percent of Czechs have experience with investing. Moneta Money Bank increased its net profit by 30.2 percent last year to CZK 5.19 billion. Credit Suisse bank has the deepest loss since the 2008 crisis last year. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. WHO needs $2.54 billion this year, facing a large number of crises. Russia's largest bank Sberbank's profit fell by 76 percent last year due to sanctions. Fraudsters robbed two women from Prague of more than four million crowns. Goldman Sachs and Morgan Stanley banks saw their quarterly profits fall significantly. Survey: More than half of Czech rich people managed to increase the value of their assets last year. JPMorgan and Bank of America increased profits, but Citigroup's profit fell. Aircraft leasing companies are evaluating risks in China and Taiwan. Senate constitutional committee does not want the constitutional enshrinement of the right to pay in cash.