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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: Bisnode: The number of unreliable VAT payers increased by a tenth last year. Union: Ensuring mandatory testing will be challenging for small businesses. Experts: Developments on the allowance market were the most interesting ever this year. CNBC: Goods made in China are encountering new logistical problems. Year-on-year inflation in February is likely to have increased slightly, according to estimates. Employers: The Czech economy may start growing in 2021. CRIF: 28 percent of Czech companies are headed by a woman. Analysts: Industry was the main factor preventing a larger economic decline. Analysts: Construction could fall the most since 2012. Oil has become cheaper since last week, gasoline prices have not changed. Inflation in the EU has fallen to 0.2 percent, the eurozone remains in deflation. The British economy grew by a record 16 percent in the quarter. CEBR: China will overtake the US in economic terms as early as 2028. Analysts: Construction will also fall next year, by up to six percent.

Stock exchanges: The US will impose final anti-dumping duties on aluminum from 18 countries. Tesla will be a technical partner for a nickel mine in New Caledonia. Bloomberg: De Beers has increased diamond prices, the most in several years. Turkey announced the discovery of a giant gold deposit. World demand for gold fell by 14 percent last year to 3,760 tons. Interest in US gold and silver coins increased sharply last year. Iridium prices rose by 160 percent due to tight supplies. Another investor will enter the manganese mining project near Chvaletic.

Finance: Gold and other precious metals have risen in price by tens of percent this year. EIB will lend almost nine billion crowns to Czech companies. The volume of housing loans rose by seven percent in November to 22.1 billion. France will close almost 40 percent of cash handling centers. Index: Mortgage rates remained at 2.03 percent in November. Index: Equity funds yielded 1.2 percent this year, bond funds 0.95 percent. Wells Fargo will sell its asset management division for 2.1 billion USD. Moody's confirmed the Czech Republic's rating despite rising debt. Hungary's central bank tripled the amount of gold in its reserves. CNBC: Morgan Stanley will allow investments in bitcoin. The Czech National Bank increased its profit last year to a record 91.9 billion crowns. Commerzbank has agreed with the unions to eliminate 2,300 jobs. Entrepreneurs from COVID programs received 36 billion CZK as of November 30. Index: Only equity funds made a profit in March, commodity funds fell. Pension company from the Partners group will be called Rentea. Fed: Leading US banks are in good shape despite the pandemic. Germany has linked blockchain technology to the euro. The price of gold increased by 14 percent in the year of the pandemic, and oil also became more expensive. Deposits of Czech companies exceeded loans by 75 billion CZK in November. Household debts increased by 12 billion in November, while corporate debts decreased. Bank loans decreased by 620 billion CZK in December to 5.61 trillion CZK. Analysts: Gold and silver became cheaper this year, platinum, copper and oil became more expensive. Government bond yields are expected to rise this year.