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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: The volume of debt collection agencies' receivables fell by 150 million to 21.05 billion CZK last year. Scholz: The EU will decide on the ban on the import of Russian gold, participation in the G20 is open. The Swiss Central Bank raised interest rates for the first time in 15 years. The České Budějovice bishopric deepened its loss, which is due to the repairs of monuments. The Czech Republic's foreign debt rose to 4.665 trillion CZK in the first quarter. The Slovak Central Bank worsened its economic growth estimate, expecting higher inflation. The ECB will end asset purchases at the end of June, leaving the base interest rate at zero for now. Powell: The Fed will not let the US economy slip into a higher inflation regime. The ECB wants to favor green companies when purchasing corporate bonds. The CNB Council may increase the base interest rate by up to seven percent, according to estimates. Reuters: Musk told managers that Tesla must lay off ten percent of its employees. Prognos: Disruption of Russian gas supplies would plunge the German economy into recession. Inflation in the US unexpectedly accelerated to 8.6 percent in May, the highest since 1981. Older banknotes expired today, they can be exchanged. The ECB will accelerate work on a mechanism that will reduce differences in bond yields. One in ten households in the eurozone owns crypto assets, an ECB survey showed. From next year, it will not be necessary to know the recipient's account number to send money. Business activity in the eurozone has deteriorated sharply due to inflation. Drink less tea, the Pakistani government, which is dealing with the economic crisis, urged citizens. The G7 summit stood by Ukraine and is preparing further anti-Russian sanctions. Courts have declared 341 bankruptcies this year, 41 fewer than a year ago. Czech household debts to banks rose by 16.7 billion to 2.084 trillion CZK in May. The Norwegian central bank surprisingly raised the base interest rate to 1.25 percent. About 3,000 businesses have already gone bankrupt in Poland this year, the most in five years. According to the prime minister, Sri Lanka needs at least $5 billion for basic goods. Australia has raised its main interest rate by half a percentage point. Saudi Arabian billionaire Walid will sell a stake in his company to the state fund PIF. Komerční banka was fined 7.5 million CZK by the Czech National Bank for violating mortgage rules. The Czech National Bank left mortgage limits and the credit market protection rate unchanged. The koruna strengthened slightly today after the appointment of three new members of the Czech National Bank Board. The Hungarian central bank unexpectedly raised the base interest rate to 7.75 percent. Inflation in Switzerland rose to a 29-year high in June. The Australian central bank raised interest rates by 0.5 percentage points, the most in 22 years. In the new programming period, the Liberec region wants CZK 1.2 billion in subsidies for events. Dun & Bradstreet: In most countries of the world, corporate bankruptcies decreased last year. The IMF will probably further worsen its global growth outlook for this year next month.

Stock markets: Russia's share in the largest platinum project in Zimbabwe is deterring investors. Citigroup: Oil will be more expensive this year and next year, contrary to original assumptions.

Finance: CNB: Household deposits in banks increased by CZK 35.4 billion month-on-month in April. The Czech National Bank fined the Czech Post Office half a million crowns for investment services. Kooperativa and Česká podnikatelská pojišťovna became the Insurance Company of the Year. Šmejc: As the head of the PPF Group, I am more willing to connect with partners during transactions. People from banks and technology companies are more likely to leave for fintech start-ups. BNP Paribas will hire around 7,000 people in France, with 148,000 in Europe. PayPal will allow you to move cryptocurrencies to external wallets.