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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: Improved confidence in the economy indicates a revival of the economy in the Czech Republic. Analysts expect inflation to increase in April, mainly due to fuel. Explosia Pardubice had a record pre-tax profit of 284 million crowns last year. Analysts: The March drop in construction production is disappointing. The inflation rate in Turkey continues to rise, climbing to almost 70 percent in April. BBC: The West claims that China produces too much. The Chinese disagree.. Swiss Towit demands billions of crowns from the Czech Republic for a failed investment. Billionaires should pay a two percent property tax, according to G20 ministers. Doosan invests three billion crowns in Pilsen, wants to produce new generators there. Ifo: German companies plan to reduce investment this year. Industry and construction returned to decline in March, foreign trade exceeded estimates. Inflation accelerated to 2.9 percent in April, mainly due to higher food prices. The British economy emerged from recession in the quarter, growing by 0.6 percent. The majority of the CNB board sought to follow a clear path for the market when cutting rates. The OECD improved the global economic growth outlook for this year to 3.1 percent. EU companies' interest in investing in China fell to a record low. Inflation in March was two percent, and analysts say it will not exceed three percent this year.

Stock markets: Bloomberg: BHP is considering improving its bid to take over rival Anglo American. The price of gold exceeded $2,300 per troy ounce for the first time. Mining company Anglo American has rejected a takeover offer from rival BHP. The silver market will be in deficit for the fourth year this year, demand is growing. The price of gold continues to rise, exceeding $2,400 per ounce for the first time.

Finance: Prices in the Czech Republic have risen by 29 points in 20 years of EU membership to 84 percent of the EU average. BBVA bank has offered more than 12 billion euros to shareholders of rival Sabadell. State-owned export insurance company EGAP doubled its profit last year to 1.8 billion crowns. Moneta bank's net profit in the first quarter rose by 5.8 percent to 1.3 billion crowns. Banks provided mortgages worth 18 billion crowns in March, half more year-on-year. European banks are calling on the EU to designate them as strategic sectors. Fitch downgraded China's credit rating outlook to negative. EU banks have enough capital, but some loans are coming under pressure, says EBA. Hungary's central bank cuts key interest rate by half a percentage point. Sellers: Gold sales in the Czech Republic fell by tens of percent in the first quarter. Central bank plans likely to complicate eurozone outlook, warns economist. J&T Bank's net profit rose by 60 percent last year to 5.4 billion crowns. Analysis: Banks are taking into account the decrease in CNB rates by reducing savings account interest rates. Bloomberg: A woman could become the head of the Spanish central bank for the first time. BlackRock's assets reached a record value of 10.5 trillion dollars thanks to market growth. IMF chief warns of a decade of weak global economic growth. Index: The average Czech investor in funds earned 5.4 percent in the first quarter. HN: RSBC Group bought Austrian arms company Steyr Arms. The Czech National Bank fined Bestpay and revoked its operating license. The largest Swiss bank UBS increased its profit by 70 percent in the first quarter. Česká spořitelna is negotiating the transfer of the Reico fund to the Czech branch of Erste AM. Analysis: The maturity period of receivables among companies increased to a record high last year. The Polish central bank has a record loss of PLN 20.8 billion last year.