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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: Industrial producer prices rose the most in about 17 years in July. 85 percent of companies failed to publish their 2020 financial statements on time. The Exporters' Association warned against artificial appreciation of the koruna. Analysts: Industry fell month-on-month due to a shortage of components in production. Stock offers in Europe were the highest in 14 years in the first half of the year. BioNTech could increase Germany's economic growth by half a percentage point this year. Bloomberg: Taxing empty apartments of rich people will not solve the housing crisis. Analysts: July inflation supports the scenario of further CNB rate hikes. CNB: The number of currency exchange offices fell by six percent compared to last year. Czech households' debts to banks rose to 1.942 trillion crowns in June. Year-on-year inflation is estimated to have stagnated in August. Analysts: July inflation supports the scenario of further CNB rate hikes. CNB will end the validity of older banknote designs from 1995 to 1999 in a year.

Stock exchanges: After three weeks of strike, the world's largest copper miner has reached an agreement with unions. Carmakers' problems with chips are reducing the prices of platinum group metals. The recovery in the diamond market continues, De Beers sold the most stones since February. Metal product manufacturers are projecting the price increase into an increase in the prices of their product range. An American manufacturer of electric motors without precious metals has earned USD 225 million. The price of gold fell below USD 1,700 per troy ounce, later erasing part of the losses.

Finance: Golden Gate CZ's revenue increased by 29 percent in the first half of 2021 to 2.57 billion CZK. The Norwegian central bank increased the base interest rate from zero to 0.25 percent. The volume of bank loans in April fell by 56 billion to 6.515 trillion CZK. Tykač's Belviport increased its stake in Moneta Money Bank to over three percent. The British central bank did not change its monetary policy, warning of higher inflation. Equa Bank was forced to shut down its systems at night, clients had incorrect amounts in their accounts. Bloomberg: The Kellner family is considering options for Home Credit. Gold and silver sales in the Czech Republic are growing significantly, Golden Gate's increased by 22 percent. Interest in bonds for citizens in the 12th issue was record high, the state launched a new issue. Index: The average Czech investor in funds earned 5.5 percent this year. The Ministry of Finance sold bonds in euros with a negative yield today at high interest. Banks will pay more into reserves to protect the credit market. Analysts: Bank savings accounts are now depreciating by three percent per year. The head of the US central bank will speak online at a symposium in Jackson Hole. The British central bank did not change interest rates, but expects inflation to rise. The Forgotten Billions service found money from the coupon privatization era of 17,000 people. The Czech National Bank has no objections to ČSOB's intention to pay a dividend of CZK 4.1 billion this year. Gold and silver have fallen by six percent this year, but technical metals are becoming more expensive. The South Korean central bank has raised interest rates. A company from the Arca group does not agree with the dismissal of insolvency administrator Louda. According to the Vice President of the ECB, the eurozone economy is growing faster than expected. Survey: Due to the pandemic, each household lost an average of 17,000 crowns this year. Tkáč will invest jointly with Křetínský in the new J&T Capital Partners. The US central bank left interest rates unchanged, is considering limiting support. ČSOB Pojišťovna achieved a record profit after tax of 1.437 billion crowns last year. Industrial metals rose in price by up to a quarter in the first half of the year, gold and silver fell in price.