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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 state collected 644.3 billion CZK in taxes in the first half of the year, 12.5 pct. more than last year. Fiala: The government will soon approve an anti-bureaucratic package for entrepreneurs. WIIW: Central and Eastern Europe needs a new economic model. Study: The average wage in the Czech Republic in euros increased by 9.8 percent this year to 1,683 euros. The budget deficit widened in May to a record 271.4 billion crowns. The number of dollar millionaires in the Czech Republic increased last year, but their assets fell, Capgemini said. CNB: Czech households' debts to banks rose to 2.19 trillion crowns in April. Analysts: Inflation is falling thanks to the comparative base, its decline will slow down. The Turkish central bank will be led by a woman for the first time - Hafize Gaye Erkanová. OECD warns of negative impacts of massive use of artificial intelligence. MPs already have a government package on their tables, a debate is possible from July 11. Survey: 73 percent of people think they will have to reduce their expenses in retirement. Inflation in Slovakia fell to 10.8 percent in June, the lowest in more than a year. Bloomberg: Putin's economic forum shows Russia's deepening isolation. Inflation in Hungary fell to 20.1 percent in June, a larger drop was expected. The CNB has been less consistent with its staff's recommendations under Michl, analysts say. Construction continues to decline, industry is growing thanks to cars, and trade is in surplus. Conditions in the manufacturing industry worsened in May, the twelfth time in a row. Analysts were surprised by the rise in food prices, they are concerned about inflation next year. ECB launches survey on new euro banknote themes. Biden and Sunak agree to deepen economic cooperation. Survey: Clients asked 80 percent of companies to extend invoice payment terms. Year-on-year inflation in May was 11.1 percent, month-on-month prices rose by 0.3 percent. Study: The number of bankruptcies of companies and entrepreneurs fell year-on-year in the first half of the year. Goldman Sachs: In addition to China, India may also overtake the US economy by 2075. AI will be the biggest bubble of all time, believes the director of Stability AI.

Stock markets: Portugal approves environmental impact assessment for lithium mine. China and Russia invest $1.4 billion in lithium mines in Bolivia. IEA: The shift to clean energy increases demand for critical metals. French company Imerys will mine lithium from a large deposit in Britain. Geomet has acquired land for a lithium processing plant from Cínovec.

Finance: The Australian central bank will be led by a woman for the first time. Analysts: The reluctance to accept card payments may be due to an effort to reduce levies. Index: Most mutual funds made money for investors this year, especially equity funds. Study: The turnover of the financial technology sector will exceed CZK 30 trillion by 2030. The government in Berlin sees the German army as a pillar of European conventional defense. The number of corporate bankruptcies in Japan was the highest in five years in the first half of the year. According to the governor, the Polish central bank could cut interest rates in September. Hypomonitor: The volume of mortgages in June was the highest since the summer of 2022, rates fell. Banks block cryptocurrency exchange Binance from accessing the US banking system. Hypoindex: The average mortgage rate fell to 6.24 percent at the beginning of July. The earnings of London investment bankers fell last year due to lower bonuses. Survey: A fifth of women make their own decisions about finances and household assets. Analysis: The commodity index fell by a tenth in the first half of the year, with the exceptions of sugar and gold. Bloomberg: Big banks are using artificial intelligence to transform the world of finance.