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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: Courts declared 341 company bankruptcies this year, 41 fewer than a year ago. G7 countries move to ban gold imports from Russia, EU may join in. Budějovice bishopric deepens losses, monuments repairs are to blame. CNB leaves mortgage limits and credit market protection rate unchanged. Czech household debts to banks rose by 16.7 billion to CZK 2.084 trillion in May. Poland's central bank raises key interest rate to 6.5 percent. Colombian and Venezuelan businesspeople prepare to open border. Scholz: EU will decide on ban on Russian gold imports, participation in G20 is open. President to appoint new members of the bank board today, names not yet announced. Chinese export growth surprisingly accelerated in June. OECD: Global corporate tax reform could come into effect in 2024. 51 bankruptcies were declared in the Czech Republic in May, seven fewer than in April. Older banknotes expire today, they can be exchanged. The Swiss Central Bank has raised interest rates for the first time in 15 years. The director of the CNB office, Báčová, and the head of communications, Fišerová, have resigned. According to the prime minister, Sri Lanka needs at least five billion USD for basic goods. Inflation rose to 16 percent in May and will continue to rise, it is the ninth highest in Europe. The new CNB bank board met for the first time and divided its powers. According to the association, including heating plants in the sectoral tax would jeopardize their modernization. The ECB wants to favor green companies when purchasing corporate bonds. Three quarters of young Lebanese want to go abroad, most do not intend to return. Inflation in the US unexpectedly accelerated to 8.6 percent in May, the highest since 1981. May inflation was 1.1 percentage points higher than the Czech National Bank estimated. Sri Lanka will give state employees an extra day off so they can grow food. South Korea's central bank has raised interest rates by the most since 1999. German opposition leader Merz has proposed a plan to combat inflation and the energy crisis. ECB will accelerate work on a mechanism to reduce differences in bond yields. Germany reported a foreign trade deficit for the first time since 1991 in May. Hungary's central bank unexpectedly raised its base interest rate to 7.75 percent. BBC: A gathering of the Russian elite is being held in St. Petersburg against the backdrop of the war against Ukraine. The World Bank's chief economist doubts that a global recession can be avoided. UN: Rising living costs are pushing millions of people into extreme poverty. The Slovak Central Bank has worsened its economic growth forecast, expecting higher inflation. Study: The number of personal bankruptcies fell by a tenth this year in the first half of the year to 7,468. Manufacturers: Battery and hydrogen trains are the future on non-electrified lines. The koruna strengthened slightly today after the appointment of three new members of the CNB bank board. Study: There were fewer bankruptcies of companies and entrepreneurs in the Czech Republic in the first half of the year.

Stock exchanges: Citigroup: Oil will be more expensive this year and next year, contrary to original assumptions. The prices of precious metals are not growing this year, food and oil have become more expensive by up to tens of percent.

Finance: The number of dollar millionaires in the Czech Republic increased by 6.9 percent last year to 32,200. Šmejc: As head of the PPF group, I am more willing to connect with partners in transactions. Times: Prince Charles received millions in cash from the Qatari sheikh for charity. Index: The average Czech investor in funds lost 11.6 percent in the first half of the year. People from banks and technology companies are more likely to leave for fintech start-ups. PayPal will allow you to move cryptocurrencies to external wallets.