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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: Analysts: Year-on-year inflation will probably rise further due to energy prices. About 3,000 stores have already gone bankrupt in Poland this year, the most in five years. The Bishopric of Budějovice has deepened its loss, which is due to repairs to monuments. The Accolade Group is investing over 1.5 billion crowns in Spain, most recently in Seville. The Polish central bank has increased the base interest rate to six percent. The ECB's climate stress test showed that banks are at risk of losing 70 billion euros. The South Korean central bank has increased interest rates the most since 1999. Fitch has downgraded Belarus' foreign currency debt rating to limited default. Analysis: The negative real yield on bank deposits will not change even if the Czech National Bank increases rates. Germany reported its first foreign trade deficit in May since 1991. China's economy shrank by 2.6 percent in the second quarter, more than expected. Komerční banka was fined CZK 7.5 million by the Czech National Bank for violating mortgage rules. Study: Britain is becoming a more closed economy due to Brexit. The IMF is likely to further worsen its global growth outlook for this year next month. The Polish central bank raised its key interest rate to 6.5 percent. Millions of rupees were found in the presidential palace during a protest in Sri Lanka. Czech National Bank: Qubix Investment is not licensed to provide investment services in the Czech Republic. May inflation was 1.1 percentage points higher than the Czech National Bank had estimated. The Czech National Bank left mortgage limits and the credit market protection rate unchanged. The Hungarian central bank unexpectedly raised its key interest rate to 7.75 percent. BBC: A gathering of Russian elites is taking place in St. Petersburg against the backdrop of the war against Ukraine. German opposition leader Merz has proposed a plan to combat inflation and energy crises. The G7 summit has stood by Ukraine and is preparing further anti-Russian sanctions. Rubikonfin has received a securities dealer license from the Czech National Bank. The Czech National Bank has left the limits for providing mortgages unchanged. Study: In the Czech Republic, bankruptcies of companies and entrepreneurs decreased in the first half of the year. G7 countries want further sanctions against Russia, which may affect gold and energy prices. Inflation in the US unexpectedly accelerated to 8.6 percent in May, the highest since 1981. The new Czech National Bank Board met for the first time and divided its powers. The Polish central bank raised the base interest rate to six percent. Analysis: 91 percent of companies did not publish their financial statements for last year on time. According to the Prime Minister, Sri Lanka needs at least five billion USD for basic goods. Australia has increased its main interest rate by half a percentage point. Manufacturers: Battery and hydrogen trains are the future on non-electrified lines. A company from Kyjov in the Hodonín region produces biodegradable material from waste and mycelium. Inflation rose to 16 percent in May and will continue to rise, it is the ninth highest in Europe. The Czech National Bank is examining the Ministry of Finance's announcement of a proposal to pay a higher dividend for ČEZ shares.

Stock exchanges: Precious metal prices are not growing this year, food and oil have become more expensive by up to tens of percent. Gazprom will not pay dividends for the first time since 1998, the company's shares have weakened sharply.

Finance: The number of dollar millionaires in the Czech Republic increased by 6.9 percent last year to 32,200. Deutsche Bank will stop issuing cash over the counter in most branches. Bank of America and Goldman Sachs have lower profits, investments did not work out. List News: Court unblocks Janoušek and Pašek's assets worth CZK 145 million. Financial Stability Board to propose global rules for regulating cryptocurrencies. Cryptocurrency lending firm Celsius has filed for bankruptcy protection from creditors.