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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: A cement plant near Lovosice is testing lithium extraction technology. CNB Governor Rusnok is not afraid that the Czech Republic will be hit by an inflationary shock. The Indian central bank is discouraging credit institutions from trading in cryptocurrencies. The Ministry of Finance sold bonds for CZK 21 billion today amid strong interest. According to analysts, inflation will remain around three percent in the near future. The Czech Republic's foreign trade in May ended in a surplus of CZK 6.3 billion. According to analysts, inflation will remain around three percent in the summer, with the uncertainty of easing. The Turkish central bank has banned payments in cryptocurrencies. Share offerings in Europe were the highest in 14 years in the first half of the year. The Ministry of Finance sold bonds for CZK 12.2 billion today as planned, with interest greater. Moser Glassworks is again producing film globes, has a new store and exhibition. The number of exchange offices in the Czech Republic decreased again last year, and there were also fewer client complaints. The quarantine in the Chinese port caused a domino effect in global trade. The Czech National Bank will end the validity of older banknote designs from 1995 to 1999 in a year.

Stock exchanges: According to analysts, the price of palladium may soon rise to more than 3,000 USD. Russian gold miner Nordgold plans to enter the stock exchanges in Moscow and London. The US will impose final anti-dumping duties on aluminum from 18 countries. The world's third-largest diamond was probably mined in Botswana. The price of gold fell below 1,800 dollars per ounce in response to the Fed meeting. The price of palladium exceeded 3,000 dollars per ounce for the first time. Tesla will be the technical partner of a nickel mine in New Caledonia. American manufacturer of electric motors without precious metals has received 225 million USD. Russia has discovered one of the three largest reserves of precious metals in the world.

Finance: Analysts: Gold and silver have become cheaper this year, platinum, copper and oil have become more expensive. The Economic Committee has called on the Czech National Bank to protect life insurance clients. Indian digital payment provider Paytm is preparing a record share offering. Renáta Kellnerová has been appointed administrator of Petr Kellner's estate. Germany has linked blockchain technology with the euro. South Korea's central bank wants to test the introduction of its own digital currency. Turkey's central bank has raised its interest rate to 19 percent. The volume of bank loans in April fell by 56 billion to 6.515 trillion CZK. Czech companies issued corporate bonds in the first quarter as in 2020. The volume of housing loans amounted to CZK 29 billion in April, the second highest. Swiss bank USB is considering offering clients investments in cryptocurrencies. The Czech National Bank will publish bank stress tests today and evaluate mortgage measures. Entrepreneurs received CZK 56.2 billion from COVID guarantee programs as of May 31. Golden Gate CZ's revenues increased by 47 percent this year to CZK 1.28 billion. According to the Czech National Bank's stress tests, the banking sector is resilient even after the pandemic. Coalition: The revenues of leading investment banks were record last year. The US central bank left monetary policy unchanged. The EU has launched a bond sale plan with which it wants to overcome the impacts of the pandemic. Large US banks pass stress test, no longer have to cut dividends. Visa to buy open banking platform Tink for 1.8 billion euros. Czech companies' deposits exceeded loans by 99 billion CZK in February. Israeli brokerage eToro to enter US stock market.