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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: The number of pub and bar bankruptcies in Britain rose by 83 percent last year. Taiwan's economy fell the most in 13 years in the quarter due to weak exports. The Bishopric of Budějovice recovered from losses, revalued investment assets. Markets underestimate the ECB's determination to continue raising rates, warned a member of the Governing Council. The Senate rejected the initiative to constitutionally enshrine the right to pay in cash. Allianz Trade: Global economic growth could accelerate next year. Moody's agency lowered Ukraine's rating deeper into the speculative zone to Ca. The BDI industry association expects the German economy to decline by 0.3 percent this year. Thousands of people have been waiting outside the Czech National Bank since morning, wanting to receive a commemorative thousand-crown note. German GDP fell by 0.2 percent in the fourth quarter, up 1.8 percent for the whole year. USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. The number of banknotes and coins in circulation increased last year, their value fell. According to the IMF chief, global economic growth should rebound from the bottom this year. PwC: 73 percent of CEOs expect a decline in the global economy this year. The Slovak economy maintained the pace of quarter-on-quarter growth, but the year-on-year growth slowed. According to Pavel, pension and tax reforms are necessary, they must be explained to people. Architect and businessman Vladimír Stehlík, associated with Poldi Kladno, has died. China remained Germany's largest trading partner last year, having been so for seven years. Inflation in Turkey slowed to 57.7 percent, but is higher than expected. For the war to end, Russia must lose, Scholz said in Davos. EU countries are arguing about new money to support the economy ahead of the summit. After five years, there are more people out of work than there are vacancies, unemployment is 3.9 percent. Oxfam: Extreme wealth and poverty have increased simultaneously for the first time in 25 years. Partners have promised Africa $30 billion to develop food production. In the Czech Republic, 921 personal bankruptcies were declared in January, 39 more than in December. CZK 108 billion was paid out from the IROP program in the period ending, 72 percent of the total amount.

Stock exchanges: BBC: Botswana sold diamonds for a record $4.5 billion last year. Analysts: Gold rose in price by 18 percent in three months, in korunas by three percent. Nine people died after a gold mine collapse in Burkina Faso. World Gold Council: Central banks bought the most gold last year since 1967. CNBC: The world is struggling with a shortage of copper that may last until 2030. The value of the emission allowance markets rose to a record 850 billion euros last year. EUObserver: Mine in the Arctic part of Sweden threatens the indigenous Sami population.

Finance: Survey: 35 percent of Czechs have experience with investing. Hartenberg from Babiš's trust funds multiplied net profit to 130 million CZK. Credit Suisse bank has the deepest loss last year since the 2008 crisis. Senate constitutional committee does not want the constitutional enshrinement of the right to payment in cash. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. Moneta Money Bank increased its net profit by 30.2 percent last year to CZK 5.19 billion. Confederation of Industry: The share of euro loans in companies increased by almost half. Société Générale's net profit fell by almost two-thirds last year. Insurance companies uncovered fraud worth more than CZK 1 billion last year, more than a year ago. The former head of bankrupt Wirecard denied that he participated in fraud. Mastercard: Retail sales before Christmas increased by 11.4 percent year-on-year. Austria's Raiffeisen Bank International sharply increased its profit last year.