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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: Investor confidence in the eurozone economy is the highest since the start of the war in Ukraine. CRIF: 500 entrepreneurs went bankrupt in the Czech Republic in May, the most this year. Analysts: The CNB Bank Board will continue to cut rates, the question is how significantly. Analysts: The development of agricultural producer prices gives hope for cheaper food. In the Entrepreneurial Head competition, an artificial intelligence project scored again. Analysts: Czech industry fell the most significantly in May since September last year. Analysts: May's foreign trade result fell short of market expectations. Study: The Czech Republic has the highest corporate income tax among the V4 countries. CNB: Czech household debts to banks rose to CZK 2.293 trillion in May. Analysis: Active support for employee health can bring the state 75 billion CZK. 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. Activity in the eurozone's business sector slowed significantly in June. Today is the last day to exchange invalid banknotes with a thin stripe in banks. Football fans in Germany must expect sold-out hotels and full trains. Spain will introduce a 15 percent tax for large companies, following up on an EU directive. The Czech National Bank lowered the interest rate by half a point to 4.75 percent, the koruna weakened. The Czech National Bank: The Czech Republic's foreign debt rose by 230.6 billion CZK in the first quarter to 4.853 trillion CZK.

Stock exchanges: The price of gas for the European market is close to this year's maximum, exceeding 33 euros per MWh. Norway has discovered Europe's largest rare earth metal deposit. Bloomberg: Saudi Arabia plans to launch a secondary offering of Aramco shares. Saudi Arabia has launched a secondary sale of shares in the oil company Aramco. BHP has withdrawn from its attempt to take over Anglo American for 49 billion USD. According to the WGC, miners are having problems maintaining the growth of gold mining.

Finance: According to its boss, the Fed needs more evidence of a decline in inflation before it cuts interest rates. The financial literacy of Czechs has not changed according to the Czech Banking Association index. Creditas Bank has acquired a more than 50 percent stake in NEY savings cooperative. Allianz Trade: The world economy should grow by 2.8 percent this year and next. Kellnerová: After my husband's death, I got to know PPF, last year I was more decisive. The British central bank left interest rates unchanged, as expected. A third of central banks intend to increase gold reserves in the next 12 months. The largest Russian bank Sberbank increased its profit in the first half of the year. The European Central Bank will probably lower interest rates. Banks provided mortgages worth CZK 23.7 billion in May, 92 percent more year-on-year. CBA: One fifth of Czechs are planning a mortgage, half of whom have postponed their application in the past. Index: Mutual funds generally continued to make money for investors in May. Commodity prices on the markets increased in the first half of the year, the index added three percent. ÚOHS: SAB Financial Group buys a controlling stake in Trinity Bank. Two members of the Czech National Bank's board disagreed with the new reserve for banks. According to its boss, the Polish central bank will cut interest rates again in 2026 at the earliest. Banks will pay CZK 4.2 billion into the Guarantee System funds, CZK 2.2 billion less than last year. The Czech National Bank did not change the rules for mortgages, but introduced a new reserve for banks. Banks in the US passed the Fed's stress tests and would survive a sharp decline in real estate. The Moscow Stock Exchange stopped trading in dollars and euros due to sanctions. The six largest banks in the Czech Republic saw their net profit increase by a fifth this year to CZK 17.9 billion.