4 426,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: After two years, the government's agenda was not dominated by Covid, it was determined by the Russian invasion. The budget had a deficit of CZK 360.4 billion, the state debt increased to CZK 2.895 trillion. The Chamber of Commerce published a yearbook for the Karlovy Vary region, mapping its condition. Survey: Investments from the US and Europe to China often go through tax havens. UniCredit Bank was fined CZK 10 million by the Czech National Bank for violating mortgage rules. According to Reuters, Greece repaid a loan from the eurozone early for the first time. In Slovakia, the number of personal bankruptcies increased by almost 12 percent last year. Creditreform: In Germany, corporate insolvencies will increase this year for the first time since 2009. Economists from Goldman Sachs have improved the outlook for the eurozone, they no longer expect a recession. The Ministry of Culture will support cooperation between designers and businesses. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. Chinese imports and exports fell the most in two and a half years in November. 30 people were indicted in the ČKD Praha DIZ fraud case for 438 million. Last year, the EBRD invested a record 13.1 billion euros, part of which will go to Ukraine. The World Economic Forum session will have a record turnout this year. Atomico: The value of European technology companies fell by 400 billion USD this year. German industry returned to growth in November, but some companies are facing a downturn. EY: American companies dominate the stock market despite losses by technology companies. The Chamber of Deputies approved the budget for next year with a deficit of 295 billion crowns. Analysts criticize the government for not reforming public finances in its first year. After years of wrangling, Democratic congressmen have published Trump's tax records. USSPA hot tub manufacturers' profit after tax fell to CZK 13 million last year, sales rose. According to the CRIF study, the number of bankruptcies of companies and entrepreneurs in the Czech Republic fell last year. Analysts: The November decline in construction production does not indicate a crisis in the industry. EU and Czech residents are most concerned about the rising cost of living, according to Eurobarometer. Study: Czech companies will invest CZK 61 billion in digitalization in three years. India's central bank raised the base interest rate to 6.25 percent, worsening the outlook. Industry and construction slowed in November, foreign trade remains in deficit.

Stock exchanges: Vietnamese electric car manufacturer VinFast has applied for listing on the US stock exchange. Kovohutě Příbram has built a pilot line for recycling lithium batteries. Bloomberg: India is the main driver of the steel industry thanks to construction. The price of gas for the European market has fallen below 70 euros per megawatt-hour. Sweden's LKAB has found the largest known deposit of rare earth metals in Europe. Traders: Czechs are selling their savings in precious metals more often. Analysts: A ceiling on gas prices may worsen the energy crisis.

Finance: Central banks continued to expand gold reserves last year. Jack Ma will no longer control Chinese fintech giant Ant Group. Analyst: Oil and gas prices have risen this year, industrial metals have generally become cheaper. Index: The value of all types of mutual funds fell in December. Servers: Xixoio management faces suspicion of fraud, damage is half a billion crowns. Trial begins in Germany with the head of the bankrupt financial company Wirecard. US authority extends Sberbank CZ exemption from sanctions, sales can continue. Cryptocurrency lending firm Nexo to end US operations. Leading US banks JPMorgan and Bank of America increase quarterly profits. J&T fund receives CNB approval to acquire 19.99 percent stake in Moneta Money Bank.