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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: Prime Minister Fiala will meet with CNB Governor Michl and members of the Bank Board today. MFA: The reduction in salaries in the state sector cannot be applied generally. PPF Group's net profit fell by 49 percent last year to CZK 3.36 billion. Jurečka: Ministries are preparing to accelerate the recruitment of workers from abroad, the solution will be this year. Analysts: Foreign trade was affected by energy prices and the recovery in the automotive industry. The Confederation of Employers criticizes adjustments to work agreements or benefits. Michl: Year-on-year inflation should fall below ten percent within three months. Fiala: The government is now making more of a contribution than the previous two. The Hungarian Central Bank has begun easing monetary policy. The most influential woman in the Czech Republic is Kellnerová, the third is now Pekarová Adamová. Fiala: The government will soon approve an anti-bureaucratic package for entrepreneurs. CNBC: Companies are increasingly returning production from abroad to places closer to consumption. According to scientists, the future of production is artificial intelligence and virtual reality. One of the biggest fraudsters in Germany received another sentence of more than eight years. The European Commission improved the estimate of the growth of the Czech economy, inflation is expected to be significantly higher. The number of dollar millionaires in the Czech Republic increased last year, their assets fell, Capgemini said. B&B Profit in the Czech Republic offers the opportunity to invest without a permit, the CNB said. Presidential advisor: The Senate is debating the involvement of the CNB board in the appointment of the CNB board. The Senate wants conflict of interest rules directly in the Public Procurement Act. CNB: Czech households' debts to banks rose to 2.19 trillion crowns in April. The Czech Republic is entering a wage-inflation spiral, says CNB Bank Board member Holub. The compromise proposal on the US debt ceiling is facing its first test in Congress. Conditions in the manufacturing industry worsened in May, for the twelfth time in a row. The Reserve Administration may only be able to reserve some of the stocks at retailers. According to the head of the Bundesbank, the eurozone has not yet won the fight against high inflation. The IMF has slightly improved its estimate of this year's growth in the US economy. The Association of Local Governments does not agree with the change in the distribution of tax revenues. The economic performance in the quarter was slightly weaker than the CNB expected. Entrepreneurs at the parliament elected Zdeněk Zajíček as president of the Chamber of Commerce of the Czech Republic. IMF: Growth in the German economy will hover around zero this year, then accelerate. Entrepreneurs will look for a way out of the economic crisis at a conference in Ostrava. France will allocate half a billion euros annually for tax breaks for so-called green investments. Czech National Bank: Banks' net profit rose by CZK 32.3 billion to CZK 102.6 billion last year.

Stock exchanges: World Gold Council: Czech Republic increased its gold reserves by 1.54 tons to 13.5 tons. Newmont is close to an agreement to take over competitor Newcrest for AUD 29.4 billion. Analysts: Possible sanctions on Russian diamonds would disrupt the global jewelry market.

Finance: Donor countries have pledged $2.4 billion to help Africa fight hunger. Biden and McCarthy have agreed to raise the US debt ceiling. AP: The effects of a US default would be felt by countries around the world. Index: Most mutual funds made money for investors in April. According to the Senate committee, the government should urgently address money laundering. Survey: The average Czech saves more than the rest of Europe and has less debt. According to Reuters sources, the European Commission will approve the agreement between UBS and Credit Suisse. Credit Suisse is to pay almost a billion dollars to the former Georgian prime minister. Survey: One fifth of women decide on their own finances and household assets.