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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: We have to admit that our income is not enough for our expenses in the long term, said Rusnok. Britain is considering its own digital currency, it could be called britcoin. India's central bank is discouraging credit institutions from trading in cryptocurrencies. CNBC: Goods made in China are encountering new logistical problems. Confidence in the economy increased in December after a two-month decline. The number of exchange offices in the Czech Republic decreased again last year, and there were also fewer client complaints. Bisnode: The number of unreliable VAT payers increased in the quarter at the lowest rate in seven years. The Turkish central bank has banned payments in cryptocurrencies. Bisnode: The number of unreliable VAT payers increased by a tenth last year. Dina-Hitex: Resumption of mask production was an ethical obligation. CNN: Russia needs cars, which is why it is reviving a Soviet-era brand. EU: Ensuring mandatory testing will be challenging for small businesses. Diesel has become cheaper since last week, gasoline prices have not changed. Economists: The pandemic has cost the economy hundreds of billions of crowns.

Stock exchanges: World demand for gold fell by 14 percent last year to 3,760 tons. According to analysts, the price of palladium may soon rise to more than $3,000. Analysts: Gold has risen by 20 percent this year, the outlook is good. Iridium prices have risen by 160 percent due to tight supplies. Diamond producer Alrosa's profit fell by 49 percent last year. The US will impose final anti-dumping duties on aluminum from 18 countries. Interest in American gold and silver coins increased sharply last year. Demand for silver could be the highest in eight years this year. The price of gold fell below $1,700 per ounce for the first time since June.

Finance: Golden Gate CZ's revenue increased by 47 percent this year to CZK 1.28 billion. CNB Governor Rusnok earned CZK 4.2 million net last year. Partners Group applied to the CNB for a banking license. Turkey's central bank raised its interest rate to 19 percent. The volume of housing loans rose by seven percent in November to 22.1 billion. The price of palladium rose to record levels of around $3,000 per ounce. Household debt rose by 12 billion in November, while corporate debt fell. Komerční banka's profit fell by 24.9 percent year-on-year in the first quarter to CZK 2 billion. CNBC: Morgan Stanley Bank will allow investments in bitcoin. Venezuela will introduce a million-dollar banknote due to hyperinflation. Petr Staněk will head the CNB statistics department from January. Bank loans fell by 620 billion in December to 5.61 trillion CZK. The pension company from the Partners group will be called Rentea. The price of silver fell today after Monday's half-year record. Czech companies' deposits exceeded loans by 99 billion CZK in February. Coalition: Revenues of leading investment banks were record last year. PPF Group wants to negotiate with Moneta for the second time about merging with Air Bank. Commodity funds earned the most in January, bond funds lost. The four largest banks in the Czech Republic lost one billion CZK in profits in the first quarter. The Hungarian central bank tripled the volume of gold in its reserves. The head of the Polish central bank does not rule out further interest rate cuts. Analysts: Gold and silver have become cheaper this year, while platinum, copper and oil have become more expensive.