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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: Satisfaction with the standard of living of households is greater than with the country's economic situation. Slovakia's trade surplus was at this year's minimum of 367 million euros in May. The World Bank improved the outlook for the global economy. CNB: The Czech Republic's foreign debt increased by 230.6 billion to 4.853 trillion CZK in the first quarter. Study: The number of entrepreneurs in the Czech Republic is decreasing, there were 4,041 fewer in the first half of the year. Unemployment remained at 3.6 percent in June, analysts expect a gradual increase. Germany is still at risk of a gas shortage due to extreme cold, the INES association warned. Activity in the eurozone's business sector slowed significantly in June. Analysts: The June reduction in inflation to the CNB's target is surprising, the koruna weakened. Football fans in Germany must expect sold-out hotels and full trains. The volume of wealth per person increased the most in Turkey, despite inflation. Analysts: The global IT system outage has dealt another blow to supply chains. The Czech Republic's foreign trade showed a surplus of CZK 13.6 billion in May, up year-on-year. Study: 342 companies went bankrupt in the Czech Republic in the first half of the year, four more than a year ago. The balance of payments showed a surplus of CZK 104.7 billion in the first quarter. Analysts: The CNB Bank Board will continue to cut rates, the question is how significantly.

Stock exchanges: Norway has discovered Europe's largest deposit of rare earth metals. The verification unit for extracting manganese near Chvaletic is in continuous operation. Oil prices closed at their lowest levels since mid-June. Aluminum can manufacturer Ball Aerosol in Velim saw its profit rise to 566 million CZK last year.

Finance: According to its boss, the Polish central bank will cut interest rates again in 2026 at the earliest. Reuters: Central bankers in Central Europe are concerned about rapid wage growth. The American bank Goldman Sachs more than doubled its profit in the second quarter. Index: Almost half of productive Czechs are now repaying mortgages, loans or advances. KKCG will issue bonds for at least five billion crowns. Index: The average Czech investor in funds earned 5.7 percent in the first half of the year. The Hungarian central bank has reduced the base interest rate to seven percent. UniCredit: Central and Eastern European economies will grow by 2.7 percent this year. KB signed a memorandum aimed at buying out the remaining stake in SGEF CR.. Two members of the CNB bank board disagreed with the new reserve for banks. The Swiss central bank reduced the base interest rate by a quarter of a point to 1.25 percent. Survey: 55 percent of people in the Czech Republic manage to save regularly, more than a year ago. China reduced two basic interest rates, wants to stimulate the economy. The Russian central bank recommends that companies avoid sanctions using cryptocurrencies. Kellnerová: I got to know PPF after my husband's death, I was more decisive last year. Morgan Stanley increased its profit by 41 percent, but Bank of America's profit fell. Banks provided mortgages worth CZK 23.7 billion in May, up 92 percent year-on-year. The global outage affected 8.5 million Windows devices, Microsoft estimated. Moneta Bank's net profit in the first half of the year rose by 9.1 percent to CZK 2.7 billion. The British central bank, as expected, left interest rates unchanged. The largest Russian bank, Sberbank, increased its profit in the first half of the year. Czech National Bank: The number of exchange offices in the country decreased again last year, the situation improved thanks to inspections. The profit of the Russian Sberbank could be a record again this year, said the financial director. Commodity prices on the markets increased in the first half of the year, the index added three percent. The Office for the Protection of Competition has authorized SAB Financial Group to purchase a controlling stake in Trinity Bank.