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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: Inflation in the EU reached a record 7.8 percent, the Czech Republic has the third highest. In the new programming period, the Liberec region wants subsidies for events worth 1.2 billion CZK. According to the prime minister, Sri Lanka needs at least five billion USD for basic goods. Analysis: Inflation in Europe will peak in the second quarter. Capital registered in the registered capital of Czech companies fell by 0.7 percent in the year. IIF: Global debt rose to a record 305 trillion USD in the first quarter. The growth of the British economy slowed to 0.8 percent in the first quarter. The crown lost a percentage point in response to the appointment of the new CNB governor Michl. The Australian central bank raised interest rates for the first time in more than a decade. In the Czech Republic, 51 company bankruptcies were declared in May, seven fewer than in April. The volume of debt collection agencies' receivables fell by 150 million to 21.05 billion CZK last year. Note: The CNB Council agreed that the war changed the structure of inflationary pressures. Three-quarters of young Lebanese want to go abroad, most do not intend to return. Commodity prices are rising, food prices have increased by tens of percent this year, oil by half. The CNB intervened today against the weakening of the koruna, which strengthened below 25 CZK per euro. The Trade Union supports voluntary EET, if it is clear what bonuses it will bring. The CNB Council decided today to intervene in the foreign exchange market against the weakening of the koruna. S&P improved Greece's rating, separating the country from the investment band by one notch. The Fed raised the base interest rate by half a percentage point, the most in 22 years. Bloomberg: The US economy could surpass China's growth this year for the first time since 1976. The economy grew by 4.8 percent in the first quarter, the rest of the year will be worse. The US economy surprisingly fell, but domestic demand is high. Lagarde: Cryptocurrencies are worthless, they should be regulated. List of News: Aleš Michl is to be the new governor of the Czech National Bank after Rusnok. One in ten households in the eurozone owns crypto assets, an ECB survey showed. Starting next year, it will not be necessary to know the recipient's account number to send money. IMF: The food crisis in sub-Saharan Africa could lead to social unrest. The Bank of England has raised the base interest rate, and the economy is expected to decline next year. According to Buffett, the best protection against inflation is to be exceptionally good at something. The Reserve Bank of Australia has raised interest rates by 0.5 percentage points, the most in 22 years. Export growth from China slowed sharply in April due to Covid-19. According to economists, Michl's appointment as CNB governor may indicate more significant changes. Analysts: The origin of inflation dates back to before the pandemic, in addition to rates, the exchange rate can be used against it. Analysis by Portu: Large banks are in no hurry to increase interest rates on savings accounts.

Stock exchanges: The coronavirus has deprived Jablonec glass and jewelry manufacturers of half of their sales. The deposits that ČEZ must make on the stock exchange reached 100 billion crowns in March. Analysts: Food and industrial raw materials have become more expensive by tens of percent this year.

Finance: Residents' deposits in banks fell by 26 billion CZK month-on-month in March. PayPal will allow cryptocurrencies to be transferred to external wallets. The head of German DWS is resigning, the authorities suspect her of deceiving investors. Port survey: 47 percent of Czechs can save no more than CZK 2,000 per month. Société Générale CEO Frédéric Oudéa will step down next year. Raiffeisenbank announced that it is the first bank in the Czech Republic to accept Ukrainian hryvnias. Deutsche Bank will stop issuing cash over the counter in most branches. List News: Tykač has the CNB's approval to increase his stake in Moneta to 20 percent.