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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: Analysts expect June inflation to be close to May's 2.6 percent. Analysts expect a slowdown in the decline in the CNB's base interest rate. Deloitte survey: Companies are using AI in customer service or marketing. Survey: Electricity and gas are still the dominant energy sources for Czech companies. Dun & Bradstreet: The number of unreliable VAT payers has increased this year. Analysts: The June slump in construction indicates a major problem in the sector. Study: Companies have lost the ability to come up with real innovations. Sentix: Investor confidence in the eurozone economy has fallen again, to its lowest level since January. Study: 400 entrepreneurs went bankrupt in July, the fewest this year. Coface: Czech companies are among the worst in the region in publishing financial statements. Czech industry continues to decline, down 3.4 percent year-on-year in June. PwC: The number of mergers and acquisitions in the Czech Republic was the lowest in six years in the first half of the year. Analysts: The May result of foreign trade fell short of market expectations. The Czech Republic's foreign trade showed a surplus of CZK 29.3 billion in June, up year-on-year. Analysts: Trade sales in June exceeded market estimates, but the recovery is gradual. State debt increased by CZK 96.2 billion in the first half of the year to CZK 3.207 trillion. Analysts: Czech industry fell the most since September last year in May. Study: The number of entrepreneurs in the Czech Republic is decreasing, there were 4,041 fewer in the first half of the year. CZSO: Industry and construction continued to fall year-on-year in June, trade remained in the positive.

Stock markets: Robusta coffee beans have risen in price by 60 percent since the beginning of the year to $4,625 per ton. Oil prices closed at their lowest levels since mid-June. The price of gold is at a record high, reaching above $2,482 per troy ounce this morning.

Finance: Analysis: Banks are reducing interest rates on savings accounts, the highest generally below five percent. Česká spořitelna's net profit rose by a third to CZK 12.4 billion in the first half of the year. Partners enters Romania, acquires a third of Transilvania Broker de Asigurari. The American bank Goldman Sachs more than doubled its profit in the second quarter. The Bank of England lowered its base rate by a quarter of a point to five percent. Of the commodities on the markets this year, gold and cocoa have become more expensive, while cotton and wheat have become cheaper. UniCredit: Central and Eastern European economies to grow by 2.7 percent this year. FT: Shipyard that built Titanic is fighting for survival; talks on emergency loan. The six largest banks in the Czech Republic have seen their net profit rise by six percent this year to CZK 39.5 billion. Bain Capital to buy financial software supplier Envestnet for USD 4.5 billion. JPMorgan Chase significantly increased its profit in the quarter, while Wells Fargo's bank fell. Buffett's Berkshire Hathaway increased its profit by 15 percent to USD 11.6 billion. Komerční banka's profit fell by more than a fifth to CZK 6.3 billion in the first half of the year. KB signed a memorandum aimed at buying out the remaining stake in SGEF CR. Creditas bought an office building project in Prague's Karlín from Sekyra Group. The financial literacy of Czechs has not changed according to the Czech Banking Association index. The Czech National Bank imposed a fine of CZK 1.8 million on Fondee for errors in providing services. Russia's largest bank Sberbank increased its profit in the first half of the year. The Bank of Japan increased its base rate to 0.25 percent. Morgan Stanley increased its profit by 41 percent, but Bank of America's profit fell. UniCredit Bank: Wealth is concentrated in men's accounts. According to its boss, the Polish central bank will cut interest rates again in 2026 at the earliest. The Hungarian central bank has reduced its base rate to 6.75 percent.