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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: Inflation in Slovakia rose to 5.8 percent in December, the highest in 17 years. ČT: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for the governor of the Czech National Bank. Developers disagree on the consequences of the interest rate hike, also talking about a real estate bubble. WSJ: Turks are buying more bitcoin and tether due to the weak domestic currency. CRIF: The number of personal bankruptcies fell by 11 percent last year to 15,443. Taiwan has promised investments in Lithuania, while Vilnius faces pressure from Beijing. According to the Czech National Bank, Czech household debts to banks exceeded two trillion crowns. The number and value of banknotes and coins in circulation increased last year. The inflation rate in Turkey rose above 36 percent, significantly exceeding estimates. The government wants a ceiling on taxes, financial consolidation or the abolition of the EET. Experts: VAT remission reduced December inflation, it could be 10 percent in January. Developers: Tightening mortgage lending does not solve the housing shortage. Orbán: The government will reduce the prices of six basic foods from February. The Chinese economy grew by 8.1 percent last year, the fastest in ten years. Year-on-year inflation accelerated to 6 percent in November and prices will continue to rise. PwC survey: Three-quarters of Czech companies increased prices last year. The German economy returned to growth last year, with GDP increasing by 2.7 percent. Rusnok: An increase in rates above five percent next year is extremely unlikely. Household debts with banks rose to 2.032 trillion crowns in November. Industrial producer prices rose by 13.5 percent in November, the most since the founding of the Czech Republic. Analysts: Inflation was mainly affected by the VAT exemption, but it will still grow.

Stock markets: Shares of French EDF fell sharply, the government is demanding cheap nuclear energy from rivals. The price of uranium is increasing significantly due to unrest in Kazakhstan. Gas continues to become significantly cheaper, the price for the European market has fallen below 100 euros per MWh. De Beers has significantly increased diamond prices, according to Bloomberg sources, by about eight percent. Experts: Precious metals fell last year, oil and industrial metals became significantly more expensive.

Finance: The volume of new bank loans in China rose to a record last year. The central bank warned against investments in virtual tokens. CNB: Banks provided mortgages for CZK 301 billion this year, 76 percent more year-on-year. The price of gold has fallen by 7.5 percent this year, with silver and platinum falling even more. The Polish central bank has raised the main interest rate to 2.25 percent, as expected. Mail on Sunday: The British government is preparing to limit the BBC's finances. Analysts: The increase in the CNB's base rate will quickly be reflected in the rise in the cost of loans. The CNB has tightened the limits for providing mortgages from April 2022. A BBC financed only commercially would not provide the same services, its boss warns. The CNB will publish stress tests of banks with possible impacts of climate change next year. The Hungarian central bank has raised the base interest rate to a seven-year high of 2.4 percent. According to the press, the British government is preparing to freeze the BBC's concession fee. Equity funds have earned over 11 percent this year, bond funds have lost 5.3 percent. Association: The popularity of savings has increased in the 4th quarter of the year after the previous decline. Banks: Tightening mortgage lending conditions will not have a significant impact. Volkswagen Group to invest around 159 billion euros in the next five years. ECB to end emergency pandemic bond purchase program at the end of March. EBRD to invest ten million euros in green bonds of Photon Energy Group. Experts: Tightening mortgage lending is not surprising, banks are already complying.