3 460,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The Association of Local Governments does not agree with the change in the distribution of tax revenues. CNBC: Companies are increasingly returning production from abroad to places closer to consumption. Analysts were surprised by the rise in food prices, they are concerned about inflation next year. Bloomberg: Putin's economic forum shows Russia's deepening isolation. MFA: The reduction in money for salaries in the state sphere cannot be applied generally. AP: Foreign companies are finding that it is not easy to leave Russia. Analysts: The development of Czech industry is very uncertain in the coming months. One of the biggest fraudsters in Germany received another sentence of more than eight years. In the first half of the year, the state collected 644.3 billion CZK in taxes, 12.5 pct. more than last year. Fiala agreed with Governor Michle on the need to continue the fight against inflation. Fiala: The government will soon approve an anti-bureaucratic package for entrepreneurs. The government package will increase the costs of Moravian-Silesian companies by up to hundreds of millions of CZK. Goldman Sachs: In addition to China, India may also overtake the US economy by 2075. The limit for small-scale contracts will not be increased, the Chamber of Deputies overrode the Senate. The Czech economy fell by 0.4 percent year-on-year in the first quarter. The President's advisor: The involvement of the Senate in the appointment of the CNB board is being debated at the Castle. The economic performance in the quarter was slightly weaker than the CNB expected. According to scientists, artificial intelligence and virtual reality are the future of production. Kellnerová is the most influential woman in the Czech Republic, and Pekarová Adamová is now third. The number of dollar millionaires in the Czech Republic increased last year, their assets decreased, Capgemini said. CZSO: Traditional culture in the Czech Republic lost more than 3.7 billion crowns during Covid. The budget deficit widened to a record 271.4 billion crowns in May. Conditions in the manufacturing industry worsened in May, the twelfth time in a row. The CNB was less adept at following the recommendations of its apparatus under Michl, analysts say. Congo is preparing to sign cooperation with China in infrastructure and mineral extraction. PPF Group's net profit fell by 49 percent to CZK 3.36 billion last year. The Czech Republic is entering a wage-inflation spiral, says CNB Bank Board member Holub. Inflation in Hungary fell to 20.1 percent in June, a larger decline was expected. Singer: The cause of the Czech economy's lack of growth is also its connection with Germany. Study: Average wage in the Czech Republic in euros increased by 9.8 percent this year to 1,683 euros.

Stock exchanges: Glencore plans to invest 1.5 billion USD in expanding copper mine in Peru. Bloomberg: Interest in solar panels limits silver supply. French company Imerys will mine lithium from a large deposit in Britain. The Ministry of the Environment returned the documentation of the impacts of manganese mining near Chvaletic to be revised. Portugal approved the environmental impact assessment for a lithium mine.

Finance: Biden and McCarthy agreed to raise the US debt ceiling. Analysis: The number of Czechs saving has increased by a third in the past year. According to the governor, the Polish central bank could cut interest rates in September. Bern will help UBS with up to nine billion francs in its problems with Credit Suisse. Three million users have used the banking identity in 2.5 years of operation. Analysis: The commodity index fell by a tenth in the first half of the year, with the exceptions of sugar and gold. The Czech National Bank is eliminating one of the rules for providing mortgages from July. Survey: One fifth of women make independent decisions about household finances and property. Financial crime is growing with the disbursement of EU funds, says the head of European prosecutors. Credit Suisse is to pay almost a billion dollars to the former Georgian prime minister.