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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: OECD: Global slowdown will hit Europe hardest next year. Lasselsberger will sell 27 million m2 of ceramic tiles this year, less than last year. Study: Czech companies will invest CZK 61 billion in digitalization in three years. Further rate hikes in the US could throw stock markets into chaos, investor thinks. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. Central Bank: French economy will weaken sharply next year. Nomura: Czech Republic, Hungary and Romania face the risk of a currency crisis. Survey: Almost half of Poles intend to limit spending on Christmas gifts this year. Australia's central bank raised interest rates to a ten-year high of 3.10 percent. Czech National Bank left mortgage lending limits unchanged. The European Commission has approved the Czech government's aid to companies affected by rising energy prices. Analysts criticize the government for not reforming public finances in the first year. Deloitte: The Czech Republic is facing a recession due to the energy crisis, GDP will fall by 1.1 percent. The company of the year 2022 is Biohealing, the sole proprietor is farmer Jan Bošina. Confidence in the economy increased slightly in November, entrepreneurs remain pessimistic Special instructions: In paragraphs 1, 4 and 5, we have added the opinions of analysts, in paragraphs 6 to 9, additional information from the survey. After years of wrangling, Democratic congressmen have published Trump's tax records. India's central bank raised the base interest rate to 6.25 percent, worsening the outlook. The Slovak government has proposed a special tax on excess income of electricity producers. The budget had a deficit of 360.4 billion CZK, the state debt increased to 2.895 trillion. Survey: Investments from the US and Europe to China often go through tax havens. Study: The number of corporate and business bankruptcies increased in November. Analysis: Real wages in the Czech Republic are falling the most among OECD countries and since the establishment of the state. Survey: German companies expect only a slight recession in the German economy. According to the Governor of the Czech National Bank Michl, the Czech Republic is expecting a year of significant inflation reduction this year. Business activity in the eurozone fell less than expected in December. Chinese imports and exports fell the most in two and a half years in November. The Czech Republic enters 2023 with a presidential election, people will go to the polls again in a year. UniCredit Bank was fined 10 million CZK by the Czech National Bank for violating mortgage rules.

Stock exchanges: Gold price hits six-month high. EBRD and Netherlands to provide 372 million euros to Ukrainian company Ukrenergo. Russian aluminum producer Rusal has added business contracts for next year. Kovohutě Příbram has built a pilot line for recycling lithium batteries. 2023 will be a difficult year for investments, analysts recommend bonds or gold. Gas for the European market continues to fall in price, reaching 70 euros per MWh in the morning. Bloomberg: India is the main driver of the steel industry thanks to construction.

Finance: Servers: Xixoio management faces suspicion of fraud, damage is half a billion crowns. CNBC: Space company SpaceX will receive 750 million USD from investors. Banks: The share of problematic bank loans to households has further decreased. The US authority has extended Sberbank CZ's exemption from sanctions, sales can continue. Audit firm Mazars has suspended cooperation with clients from the crypto world. Survey: Czechs are keeping less and less cash at home. Trial begins in Germany with the head of the bankrupt financial company Wirecard. American cryptocurrency company BlockFi has filed for bankruptcy protection. ČSOB: Banks provided mortgages worth CZK 163 billion last year, 40 percent of the volume in 2021. The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million.