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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 company of the year 2022 is Biohealing, the sole proprietor is farmer Jan Bošina. Study: The number of corporate and business bankruptcies increased in November. Analysts: The November decline in construction production does not indicate a crisis in the sector. Chinese imports and exports fell the most in November in two and a half years. The first coins with the portrait of King Charles III are being put into circulation in Britain. The budget had a deficit of 360.4 billion CZK, the national debt increased to 2.895 trillion. Atomico: The value of European technology companies fell by 400 billion USD this year. The Czech Republic enters 2023 with a presidential election, people will go to the polls again in a year. Analysis: Real wages in the Czech Republic are falling the most among OECD countries and since the founding of the state. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. Analysts: Industry grew the least since July in November, thanks only to car production. EY: American companies dominate the stock market despite losses by technology companies. Study: Czech companies will invest CZK 61 billion in digitalization in three years. Survey: German companies expect only a slight recession in the German economy. Survey: German companies plan to expand activities in Africa next year. The Ministry of Finance and the Czech National Bank recommend that the government not set a date for adopting the euro yet. The Slovak government has proposed a special tax on excess income of electricity producers. USSPA hot tub manufacturers' profit after tax fell to CZK 13 million last year, sales increased. The Chamber of Commerce has published a yearbook for the Karlovy Vary region, mapping its condition. Analysts criticize the government for not reforming public finances in the first year. Study: Three times more sole proprietors closed their businesses in November than usual. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. According to the Governor of the Czech National Bank Michl, the Czech Republic expects a year of significant inflation reduction this year. The Czech National Bank left the limits for providing mortgages unchanged. Lasselsberger will sell 27 million m2 of ceramic tiles this year, less than last year. Central Bank: The French economy will weaken sharply next year. The Indian central bank raised the base interest rate to 6.25 percent, worsening the outlook.

Stock markets: 2023 will be a difficult year for investing, analysts recommend bonds or gold. Analysts: The gas price cap may worsen the energy crisis. The price of gold has risen to a six-month high. Bloomberg: Tesla is preparing to conclude a preliminary agreement to build a plant in Indonesia. Vietnamese electric car manufacturer VinFast has filed for an IPO in the US. Kovohutě Příbram wants to use photovoltaics and light heating oils. EBRD and the Netherlands will provide 372 million euros to Ukrainian company Ukrenergo.

Finance: Index: The value of all types of mutual funds fell in December. Jack Ma will no longer control Chinese fintech giant Ant Group. US regulators have issued a joint warning to banks about the risks of cryptocurrencies. The financial services sector in Britain is facing the biggest changes in more than 30 years. US cryptocurrency company BlockFi has filed for bankruptcy protection. The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million. CNBC: Space company SpaceX will receive 750 million USD from investors. Central banks continued to expand gold reserves last year. ČSOB: Banks provided mortgages worth CZK 163 billion last year, 40 percent of the volume in 2021. Cryptocurrency lending firm Nexo will end its activities in the US. US authority extends Sberbank CZ exemption from sanctions, sales can continue.