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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 limit for small-scale contracts will not be increased, the House of Representatives overruled the Senate. The most influential woman in the Czech Republic is Kellnerová, the third is now Pekarová Adamová. Biden and Sunak agreed to deepen economic cooperation. Study: The average wage in the Czech Republic in euros increased by 9.8 percent this year to 1,683 euros. One of the rules for mortgage applications is being relaxed from today. Jurečka: Ministries are preparing to accelerate the acceptance of forces from abroad, the solution will be this year. Analysts were surprised by the increase in food prices, they are concerned about inflation next year. Chamber: Eliminating excessive administration for entrepreneurs is ineffective. The Czech Republic has the highest reduced VAT rate among neighboring countries. The government package will increase the costs of Moravian-Silesian companies by up to hundreds of millions of CZK. The Czech National Bank will start issuing commemorative coins with motifs of state institutions. Goldman Sachs: In addition to China, India may also overtake the US economy by 2075. The number of dollar millionaires in the Czech Republic increased last year, their assets decreased, Capgemini said. The Czech National Bank: Czech households' debts to banks rose to 2.19 trillion CZK in April. The Association of Local Governments does not agree with the change in the distribution of tax revenues. According to analysts, the Turkish economy is doing better than expected, the lira continues to fall. The Czech economy fell by 0.4 percent year-on-year in the first quarter. The budget deficit deepened in May to a record 271.4 billion CZK. One of the biggest fraudsters in Germany received another sentence of more than eight years. SAO: More than 48 billion CZK paid as compensation for Covid fulfilled its purpose. PPF Group's net profit fell by 49 percent last year to 3.36 billion CZK. Survey: 73 percent of people believe they will have to reduce their expenses in retirement. Analysis: Investments in artificial intelligence are declining in Europe, but are growing significantly in the US. The CNB has been less consistent with the recommendations of its apparatus under Michle, analysts say. The US House of Representatives has approved a law suspending the debt ceiling. Analysts: The development of Czech industry is very uncertain in the coming months. The Reserve Administration may only be able to reserve part of the stocks at traders. The economy will grow by 0.3 percent this year, and will accelerate next year, a survey by the Ministry of Finance showed.

Stock exchanges: The company Geomet has acquired land for a lithium processing plant from Cínovec. IEA: Shift to clean energy boosts demand for critical metals. Glencore plans to invest $1.5 billion in expanding copper mine in Peru. China and Russia invest $1.4 billion in lithium mines in Bolivia. The value of gold in the CNB portfolio has increased by 65 percent since the beginning of the year. Portugal approved an environmental impact assessment for a lithium mine.

Finance: The CNB is eliminating one of the rules for providing mortgages from July. Hypoindex: The average mortgage rate fell to 6.24 percent in early July. UN countries have pledged $1.5 billion for Sudan, Guterres is concerned about violence. Banks are blocking cryptocurrency exchange Binance from accessing the US banking system. Analysts: The reluctance to accept card payments may be an attempt to reduce taxes. Index: Most mutual funds have made investors money this year, especially equity funds. The government in Berlin sees the German army as a pillar of Europe's conventional defense. According to the governor, the Polish central bank could cut interest rates in September. Bern will help UBS with its problems with Credit Suisse with up to nine billion francs. Czechoslovak Group issued bonds for 4.5 billion CZK, half as much as it planned. Reuters: SoftBank is considering listing its payment division PayPay on the US stock market.