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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: ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. Democratic congressmen have published Trump's tax records after years of wrangling. Sokolovská uhelná considers the tax on extraordinary profits unfair. The European Commission has approved the Czech government's aid to companies affected by rising energy prices. The Indian central bank has increased the base interest rate to 6.25 percent, worsened the outlook. Hot tub manufacturers USSPA saw after-tax profit fall to CZK 13 million last year, sales rose. The inflation rate in France surprisingly fell to 5.9 percent in December. Lasselsberger will sell 27 million m2 of ceramic tiles this year, i.e. less than last year. Activity in the US manufacturing sector fell for the first time in two and a half years. The Czech National Bank left the limits for providing mortgages unchanged. Creditreform: In Germany, corporate insolvencies will increase this year for the first time since 2009. Analysts: The Czech economy is in imbalance, but there is no threat of a currency crisis. Study: The number of corporate and business bankruptcies increased in November. Business activity in the eurozone fell less than expected in December. The Slovak government proposed a special tax on excess income of electricity producers. UniCredit Bank was fined CZK 10 million by the Czech National Bank for violating mortgage rules. 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. According to Reuters, Greece repaid a loan from the eurozone early for the first time. According to CNB Governor Michl, the Czech Republic is expecting a year of significant inflation reduction this year. The Chamber of Deputies approved the budget for next year with a deficit of 295 billion crowns. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. The New Zealand central bank has increased the base interest rate, warning of a recession. Analysis: Real wages in the Czech Republic are falling the most among OECD countries and since the establishment of the state. Economists: The Eurozone is facing a significant economic recession, recovery will be slow. The Turkish central bank has cut interest rates to nine percent despite high inflation. The first coins with the portrait of King Charles III are entering circulation in Britain. The Ministry of Finance and the CNB recommend that the government not set a date for adopting the euro yet. The company of the year 2022 is Biohealing, the sole proprietor is farmer Jan Bošina.

Stock exchanges: Bloomberg: India is the main driver of the steel industry thanks to construction. 2023 will be a difficult year for investments, analysts recommend bonds or gold. Kovohutě Příbram has built a pilot line for recycling lithium batteries. EBRD and the Netherlands will provide 372 million euros to the Ukrainian company Ukrenergo. Gas for the European market continues to fall in price, reaching 70 euros per MWh in the morning. Analyst: Gas and coal have increased in price by tens of percent this year, precious metals have become cheaper. Vietnamese electric car manufacturer VinFast has applied for listing on the US stock exchange.

Finance: ČSOB: Banks provided mortgages worth 163 billion CZK last year, 40 percent of the volume in 2021. Servers: Xixoio management faces suspicion of fraud, damage is half a billion crowns. Audit firm Mazars has suspended cooperation with clients from the crypto world. Buffett's company Berkshire bought a stake in Taiwanese chip manufacturer TSMC. J&T fund received approval from the Czech National Bank to acquire 19.99 percent in Moneta Money Bank. The US authority extended Sberbank CZ's exemption from sanctions, the sale can continue. CNBC: Space company SpaceX will receive 750 million USD from investors. Trial begins in Germany with the head of the bankrupt financial company Wirecard. Analyst: Oil and gas prices have increased this year, industrial metals have generally become cheaper. Crypto-credit company Nexo will end its activities in the US.