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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 developer CTP sold green bonds for 25.5 billion crowns. Dina-Hitex: Resumption of mask production was an ethical obligation. India's central bank discourages credit institutions from trading in cryptocurrencies. Union: Ensuring mandatory testing will be challenging for small businesses. We must admit that our income is not enough for our expenses in the long term, said Rusnok. Central Bank: Russia's GDP will be at pre-crisis level by the end of the year. A cement plant near Lovosice is testing lithium extraction technology. Year-on-year inflation rose to 2.3 percent in March, and will remain above two percent. Moser Glassworks is again producing film globes, has a new store and exhibition. The Ministry of Finance sold bonds for 12.2 billion crowns today as planned, with greater interest. According to analysts, inflation will remain around three percent in the near future. The Turkish Central Bank has banned payments in cryptocurrencies. The Czech National Bank raised rates today for the first time since February 2020, and will continue to do so. Household debts to banks increased by CZK 13 billion in April, and to companies by CZK 5.5 billion.

Stock exchanges: CZSO: Prices of raw materials and mineral fuels increased by tens of percent year-on-year in April. The price of gold accelerated the decline, and developments in Turkey also have an impact. The price of gold fell below $1,700 per ounce for the first time since June. Global demand for gold fell by 14 percent last year to 3,760 tons. The price of palladium exceeded $3,000 per ounce for the first time. Tesla will be a technical partner of a nickel mine in New Caledonia. Gold price falls below $1,800 per ounce in response to Fed meeting. Gold price falls below $1,800 per ounce in response to Fed meeting. US to impose final anti-dumping duties on aluminum from 18 countries.

Finance: Wells Fargo to sell asset management division for $2.1 billion. Mastercard: Half of Czechs use biometric payment verification. Index: Average mortgage rate returned above two percent in May. Czech companies issued corporate bonds in Q1 as in 2020. The four largest banks in the Czech Republic lost one billion CZK in Q1 profits. Czech companies' deposits exceeded loans by 99 billion CZK in February. Komerční banka's profit fell by 24.9 percent year-on-year in Q1 to two billion CZK. The Czech National Bank will publish bank stress tests today and evaluate mortgage measures. The banking sector is resilient even after the pandemic, according to the Czech National Bank's stress tests. ECB: Eurozone residents stocked up on cash during the pandemic. The Turkish central bank raised the interest rate to 19 percent. Index: Only equity funds made a profit in March, commodity funds fell. Minister: Russia will remove dollar assets from its state investment fund. The price of palladium rose to record values ​​of around $ 3,000 per ounce. Swiss bank USB is considering offering clients investments in cryptocurrencies. The volume of housing loans amounted to CZK 29 billion in April, making it the second highest. The volume of bank loans fell by CZK 11 billion in March to CZK 6.25 trillion. The US central bank left monetary policy unchanged. Developer Sekyra Group is offering bonds for up to half a billion crowns. Analysts: Gold and silver have become cheaper this year, platinum, copper and oil have become more expensive. Renáta Kellnerová has been appointed administrator of the estate of Petr Kellner. The EU has launched a bond sale plan to overcome the effects of the pandemic.