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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: NKÚ: More than 48 billion CZK paid as compensation for Covid has fulfilled its purpose. Jurečka: Ministries are preparing to accelerate the acceptance of forces from abroad, the solution will be this year. Zlín police accused nine people and 14 companies of tax evasion after Tuesday's raid. The state collected 644.3 billion CZK in taxes in the first half of the year, 12.5 pct. more than last year. Comments on the austerity package concern the distribution of taxes and the pensions of former presidents. Congo is preparing to sign cooperation with China in infrastructure and mineral extraction. Survey: 73 percent of people believe that they will have to reduce their expenses in retirement. Analysts: The development of Czech industry is very uncertain in the coming months. The Czech Republic has the highest reduced VAT rate among neighboring countries. According to scientists, the future of production is artificial intelligence and virtual reality. Study: The average wage in the Czech Republic in euros increased by 9.8 percent this year to 1,683 euros. The economic performance in the quarter was slightly weaker than expected by the Czech National Bank. According to analysts, the Turkish economy is doing better than expected, the lira continues to fall. Czech National Bank: Banks' net profit increased by 32.3 billion CZK year-on-year last year to 102.6 billion CZK. Investors are moving to bonds, according to experts, they are attracted by high yields. Prime Minister Fiala will meet with the Governor of the Czech National Bank Michl and members of the Bank Board today. B&B Profit in the Czech Republic offers the opportunity to invest without a permit, the Czech National Bank said. Fiala: The government will soon approve an anti-bureaucratic package for entrepreneurs. The US House of Representatives has approved a bill suspending the debt ceiling. Analysts were surprised by the rise in food prices, they are concerned about inflation next year. The Czech Republic is entering a wage-inflation spiral, says CNB Bank Board member Holub. PPF Group's net profit fell by 49 percent last year to CZK 3.36 billion. The budget deficit deepened in May to a record 271.4 billion crowns. The government package will increase costs for Moravian-Silesian companies by up to hundreds of millions of CZK. The Turkish central bank will be led by a woman for the first time - Hafize Gaye Erkanová. The Czech economy fell by 0.4 percent year-on-year in the first quarter. The Chinese central bank surprisingly lowered the key interest rate to 1.90 percent. The number of dollar millionaires in the Czech Republic increased last year, but their wealth decreased, Capgemini said. This year's Absurdity of the Year is the VAT that a company must pay when donating something. The most influential woman in the Czech Republic is Kellnerová, the third is now Pekarová Adamová.

Stock markets: China and Russia invest $1.4 billion in lithium mines in Bolivia. Geomet company acquired land for a lithium processing plant from Cínovce. Glencore plans to invest $1.5 billion in expanding a copper mine in Peru. 12 people died in a gold mine in Venezuela, which was officially closed a long time ago. The value of gold in the CNB's portfolio has increased by 65 percent since the beginning of the year. French company Imerys will mine lithium from a large deposit in Britain.

Finance: The government in Berlin sees the German army as a pillar of European conventional defense. Financial crime is growing with the disbursement of EU funds, says the head of European prosecutors. Bloomberg: Big banks are using artificial intelligence to transform the world of finance. Bit.plus: Cryptocurrency trading volume fell by a tenth in May. Study: Fintech sector turnover to exceed CZK 30 trillion by 2030. Switzerland's largest bank UBS has completed the takeover of rival Credit Suisse. UN countries have pledged $1.5 billion for Sudan, Guterres is concerned about violence. Three million users have used the banking identity in 2.5 years of operation. Analysis: Commodity index fell by a tenth in the first half of the year, with the exceptions of sugar and gold.