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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: According to scientists, the future of production is artificial intelligence and virtual reality. MFA: The reduction of money for salaries in the state sphere cannot be applied generally. Entrepreneurs at the parliament elected Zdeněk Zajíček as the president of the Chamber of Commerce of the Czech Republic. The Confederation of Employers criticizes the adjustments to work by agreement or benefits. Analysts: The development of Czech industry is very uncertain in the coming months. Inflation in Hungary decreased to 20.1 percent in June, a larger decrease was expected. The number of dollar millionaires in the Czech Republic increased last year, their assets decreased, Capgemini said. The state collected CZK 644.3 billion in taxes in the first half of the year, 12.5 pct. more than last year. The US House of Representatives approved a law that suspends the debt ceiling. Singer: The reason for the lack of growth of the Czech economy is also the connection with Germany. Goldman Sachs: In addition to China, India may overtake the US economy by 2075. Fiala: The government will soon approve an anti-bureaucratic package for entrepreneurs. Media: The head of the French luxury goods company LVMH is preparing to go to China. According to analysts, the Turkish economy is doing better than expected, the lira continues to fall. Presidential advisor: The involvement of the Senate in the appointment of the CNB board is being debated at the Castle. The Association of Local Governments does not agree with the change in the distribution of tax revenues. Year-on-year inflation in May was 11.1 percent, month-on-month prices increased by 0.3 percent. CNB: Czech household debts to banks increased to 2.19 trillion crowns in April. Conditions in the manufacturing industry worsened in May, for the twelfth time in a row. The government package will increase the costs of Moravian-Silesian companies by up to hundreds of millions of CZK. CNBC: Companies are increasingly returning production from abroad to places closer to consumption. Biden and Sunak have agreed to deepen economic cooperation. Study: In the first half of the year, the number of bankruptcies of companies and entrepreneurs decreased year-on-year. The CNB has been less consistent with the recommendations of its apparatus under Michle, analysts say. The CNB will begin issuing commemorative coins with motifs of state institutions. 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. The Czech economy fell by 0.4 percent year-on-year in the first quarter. Kooperativa pojišťovna paid the most in corporate income tax last year.

Stock exchanges: The company Geomet has acquired land for a lithium processing plant from Cínovec. Bloomberg: Interest in solar panels is limiting silver supply. Miners' parade in Jihlava reminded of the history of silver mining in the city. China and Russia are investing $1.4 billion in lithium mines in Bolivia. The value of gold in the CNB's portfolio has increased by 65 percent since the beginning of the year. 12 people died in a gold mine in Venezuela, which was officially closed for a long time.

Finance: Bit.plus: The volume of cryptocurrency trades fell by a tenth in May. The largest Swiss bank UBS has completed the takeover of rival Credit Suisse. Biden and McCarthy have agreed to raise the US debt ceiling. Banks are blocking the access of the Binance cryptocurrency exchange to the US banking system. Analysis: The commodity index fell by a tenth in the first half of the year, with the exceptions of sugar and gold. Study: Financial technology sector turnover to exceed CZK 30 trillion by 2030. London investment bankers' earnings fell last year due to lower bonuses. Bern will help UBS with its problems with Credit Suisse with up to nine billion francs. The government in Berlin sees the German army as a pillar of European conventional defense. Analysis: The number of Czechs saving has increased by a third in the last year.