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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: Analysts: November's decline in construction production does not indicate a crisis in the sector. The Czech Republic is the only EU country whose national debt increased in the third quarter last year. Argentina's inflation rate exceeded 94 percent, the fifth highest in the world. The Ministry of Culture will support cooperation between designers and businesses. German industry returned to growth in November, but some companies expect a slowdown. The inflation rate in France surprisingly fell to 5.9 percent in December. Taiwan's economy fell the most in 13 years in the quarter due to weak exports. According to the IMF chief, global economic growth should rebound from the bottom this year. Economists from Goldman Sachs have improved their outlook for the eurozone, no longer expecting a recession. Cross-border payments for online purchases will be registered to combat fraud. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. According to Pavel, pension and tax reforms are necessary, they need to be explained to people. In order for the war to end, Russia must lose, Scholz said in Davos. The budget had a deficit of 360.4 billion CZK, the state debt increased to 2.895 trillion. In Kroměříž and the surrounding area, there were a slight decrease in the number of entrepreneurs last year, over 12,000 remain. According to the Governor of the Czech National Bank Michl, the Czech Republic is expecting a year of significant inflation reduction this year. The Swiss Central Bank reported a record loss of 132 billion francs. Oxfam: Extreme wealth and poverty have increased simultaneously for the first time in 25 years. EU countries are fighting over new money to support the economy ahead of the summit. Domestic start-ups attracted investments worth tens of billions of CZK last year. Business activity in the eurozone fell less than expected in December. The Entrepreneur of the Year of the Zlín Region is Tomáš Dudák, CEO of Spur. The number of banknotes and coins in circulation increased last year, but their value fell. Analysts: Industry grew the least since July in November, only thanks to car production. The British economy grew surprisingly in November, supported by football. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. An Argentine opposition politician calls for Maduro's arrest if he comes to the CELAC summit.

Stock markets: Creditors of NWT have filed claims for almost 1.682 billion crowns. Sweden's LKAB has found the largest known deposit of rare earth metals in Europe. EUObserver: Mine in the Arctic part of Sweden threatens the indigenous Sami people. Bloomberg: Tesla is preparing to conclude a preliminary agreement to build a plant in Indonesia. World Gold Council: Central banks bought the most gold last year since 1967. The price of gas for the European market fell below 70 euros per megawatt-hour.

Finance: Leading US banks JPMorgan and Bank of America increased quarterly profits. US regulators issued a joint warning to banks about the risks of cryptocurrencies. Aircraft leasing companies assess risks in China and Taiwan. Central banks continued to expand gold reserves last year. Austria's Raiffeisen Bank International sharply increased profits last year. New York State accuses the founder of crypto-loan firm Celsius of fraud. JPMorgan and Bank of America increased profits, but Citigroup's profit fell. Bloomberg: Goldman Sachs intends to lay off about 3,200 employees. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. Hartenberg from Babiš's trust funds multiplied net profit to CZK 130 million. Quarterly profit of Goldman Sachs and Morgan Stanley banks fell significantly. Lebanon promised to pay a debt to the UN to regain voting rights.