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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: Congo is preparing to sign cooperation with China in infrastructure and mineral extraction. The European Commission has improved its estimate of Czech economic growth, inflation is expected to be significantly higher. CNB: Czech household debts to banks rose to 2.19 trillion crowns in April. The Association of Local Governments does not agree with the change in the distribution of tax revenues. Investor confidence in the eurozone economy unexpectedly returned to decline in May. The Senate wants rules on conflict of interest directly in the Public Procurement Act. Unemployment in the Czech Republic continued to fall, by a tenth of a point in April to 3.6 percent. The Czech economy fell by 0.4 percent year-on-year in the first quarter. Survey: 95 percent of Czechs are worried about their financial situation due to inflation. Conditions in the manufacturing industry worsened in May, for the twelfth time in a row. MFA: The reduction in money for salaries in the state sector cannot be applied generally. Experts disagree on whether the Czech National Bank should use interest rates to combat the impact of the deficit. Prime Minister Fiala will meet with Czech National Bank Governor Michl and members of the Bank Board today. Foreign investment in Germany is stable, but may be threatened by incentives from the US. According to the head of the Bundesbank, the eurozone has not yet won the fight against high inflation. PwC: The market value of the most valuable companies fell the most last year since 2009. The G7 finance ministers' meeting was overshadowed by disputes over the United States' debt ceiling. S&P left Slovakia's rating at A+, but raised the outlook to stable. The limit for small-scale orders will not be increased, the Chamber of Deputies has outvoted the Senate. According to scientists, the future of production is artificial intelligence and virtual reality. The President's advisor: The involvement of the Senate in the appointment of the CNB board is being debated at the Castle. The Reserve Administration may only be able to reserve part of the stocks of traders. Businessmen at the Chamber of Deputies elected Zdeněk Zajíček as the president of the Chamber of Commerce of the Czech Republic. The Hungarian Central Bank has begun easing monetary policy. The growth rate of industrial production accelerated in March, while construction continues to fall. Pavel will consult with the CNB team or governor about signing the consolidation package. The British central bank has increased the base interest rate by a quarter of a point to 4.50 percent. Comments on the austerity package concern the distribution of taxes and the annuity of ex-presidents. Fiala: The government now has a greater benefit than the previous two. At the conference in Ostrava, entrepreneurs will look for a way out of the economic crisis. B&B Profit in the Czech Republic offers the opportunity to invest without a permit, the Czech National Bank said. Czech National Bank: Net profit of banks increased by CZK 32.3 billion year-on-year to CZK 102.6 billion last year.

Stock exchanges: World Gold Council: The Czech Republic increased its gold reserves by 1.54 tons to 13.5 tons. The price of gold exceeded USD 2,000 per ounce, close to a record. Portugal approved an environmental impact assessment for a lithium mine. The price of gold exceeded USD 2,000 per ounce this week, close to a record. Analysts: Possible sanctions on Russian diamonds would disrupt the global jewelry market.

Finance: Credit Suisse is to pay almost a billion dollars to the former Georgian prime minister. The government should urgently address money laundering, according to the Senate committee. Donor countries have pledged $ 2.4 billion to help Africa fight hunger. Biden and McCarthy have agreed to raise the US debt ceiling. Index: Most mutual funds made money for investors in April. AP: The impact of US insolvency would be felt by countries around the world. Commerzbank almost doubled its net profit in the quarter thanks to higher interest rates. According to Reuters sources, the European Commission will approve the deal between UBS and Credit Suisse.