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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: The volume of wealth per person increased the most in Turkey, despite inflation. Study: The number of entrepreneurs in the Czech Republic is decreasing, there were 4,041 fewer in the first half of the year. Study: 342 companies went bankrupt in the Czech Republic in the first half of the year, four more than a year ago. Analysts: The June reduction in inflation to the CNB target is surprising, the crown weakened. The Czech Republic's foreign trade showed a surplus of CZK 13.6 billion in May, higher year-on-year. Study: Companies have lost the ability to come up with real innovations. Analysts: The June foreign trade surplus significantly exceeded market estimates. Analysts expect a slowdown in the decline in the CNB's base interest rate. Sentix: Investor confidence in the eurozone economy has fallen again, to its lowest level since January. Goldman Sachs analysts have increased the probability of a recession in the US to 25 percent. Czech industry is still in a slump, having fallen by 3.4 percent year-on-year in June. Today is the last day to exchange invalid banknotes with a thin stripe in banks. Study: Seven percent more entrepreneurs went bankrupt in the first half of the year. Slovakia's trade surplus was at this year's low of 367 million euros in May. Analysts: May's foreign trade result fell short of market expectations. Survey: Electricity and gas are still the dominant energy sources for Czech companies. The Czech Republic's foreign trade showed a surplus of 29.3 billion CZK in June, up year-on-year. Coface: Czech companies are among the worst in the region in publishing financial statements. Deloitte survey: Companies use AI in customer service or marketing.

Stock exchanges: Oil prices closed at their lowest levels since mid-June. The verification unit for manganese extraction at Chvaletic is in continuous operation. The Czech National Bank bought almost six tons of gold in the second quarter, and has 41.49 tons.

Finance: Survey: 55 percent of people in the Czech Republic manage to save regularly, more than a year ago. Analysis: Banks are reducing interest rates on savings accounts, the highest is generally below five percent. Česká spořitelna's net profit increased by a third to CZK 12.4 billion in the first half of the year. The Czech National Bank imposed a fine of CZK 1.8 million on Fondee for errors in providing services. The Russian Central Bank recommends that companies avoid sanctions using cryptocurrencies. The Office for the Protection of Competition and Consumers has authorized SAB Financial Group to purchase a controlling stake in Trinity Bank. The British central bank has reduced the base interest rate by a quarter of a point to five percent. KB has signed a memorandum aimed at buying out the remaining stake in SGEF CR.. UniCredit Bank: Wealth is concentrated in men's accounts. The financial literacy of Czechs has not changed according to the Czech Banking Association index. The Hungarian Central Bank has reduced the base interest rate to 6.75 percent. Czech banks were not affected by the outage, the stock market and nuclear power plants were also unaffected. The Bank of Japan has increased the base rate to 0.25 percent. JPMorgan Chase significantly increased its profit in the quarter, while Wells Fargo's bank fell. Banks in the US have passed the Fed's stress tests, they would survive even a sharp decline in real estate. CNB: Banks' net profit increased by 22 percent to CZK 25.9 billion in the first quarter. Kellnerová: I got to know PPF after my husband's death, I was more decisive last year. China's central bank surprisingly lowered the base interest rate to 1.70 percent. Index: The average Czech investor in funds earned 5.7 percent in the first half of the year. FT: Fintech company Revolut is preparing to sell shares for up to $500 million. The ECB, as expected, left the base interest rate at 4.25 percent. Allianz Trade: The world economy should grow by 2.8 percent this year and next. Buffett's Berkshire Hathaway increased its profit by 15 percent to $11.6 billion.