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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: ČNB improves economic development forecast, expects GDP to fall by 0.3 percent this year. Senate committee did not support breaking bank secrecy due to OLAF investigation. Indian businessman Adani's empire continues to lose value rapidly after accusations. Argentine opposition politician calls for Maduro's arrest if he comes to CELAC summit. Moody's agency downgrades Ukraine's rating deeper into speculative zone to Ca. EU countries argue over new money to support economy ahead of summit. Inflation in Turkey has slowed to 57.7 percent, but is higher than expected. After five years, there are more people out of work than vacancies, unemployment is 3.9 percent. Thousands of people have been waiting in front of the CNB since morning, wanting to receive a commemorative thousand-crown note. Oxfam: Extreme wealth and poverty have increased simultaneously for the first time in 25 years. Allianz Trade: Global economic growth could accelerate next year. The Bank of England raised interest rates to four percent, the highest since 2008. Lagarde: The economic outlook for the eurozone has improved despite high inflation. Global economic growth will slow to 1.9 percent this year, the UN estimates. Cross-border payments for online purchases will be recorded due to the fight against fraud. The IMF does not expect the global economic outlook to worsen, the fund's head said. The Entrepreneur of the Year of the Zlín Region is Tomáš Dudák, CEO of Spur. According to the IMF head, global economic growth should rebound from the bottom this year. Reuters: A Japanese worker got his salary increased for the first time in 20 years. EBRD invested a record 13.1 billion euros last year, part of which goes to Ukraine. Allianz: Cyberattacks and disruptions remain the biggest risks for companies. Study: The number of bankruptcies of companies and entrepreneurs in the Czech Republic increased month-on-month in January. The World Economic Forum meeting will have a record attendance this year. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. The inflation rate in Argentina exceeded 94 percent, the fifth highest in the world. USGS: Damage caused by the earthquake in Turkey may amount to up to ten billion dollars. Hampl: The Czech economy should return to price stability as soon as possible.

Stock exchanges: The world's largest gold miner Newmont wants to take over its competitor Newcrest. Nine people died after a collapse in a gold mine in Burkina Faso. World Gold Council: Central banks bought the most gold last year since 1967. BASF and Eramet plan a nickel and cobalt processing plant in Indonesia. Swiss gold exports to a number of countries rose to multi-year highs last year. BBC: Botswana sold diamonds for a record $4.5 billion last year. Sweden's LKAB has found the largest known rare earth metal deposit in Europe.

Finance: Russia's largest bank Sberbank's profit fell by 76 percent last year due to sanctions. Hartenberg from Babiš's trust funds multiplied net profit to CZK 130 million. US authorities have extended Sberbank CZ's exemption from sanctions, sales can continue. PayPal intends to lay off 2,000 people, which is about seven percent of its workforce. Société Générale's net profit fell by almost two-thirds last year. 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. Lebanon promised to pay a debt to the UN to regain its voting rights. Austria's Raiffeisen Bank International increased its profit sharply last year. Mastercard: Retail sales before Christmas rose by 11.4 percent year-on-year. Fraudsters robbed two women from Prague of more than four million crowns.