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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 economic decline in the 1st quarter was milder than the CNB estimated in its forecast. Moser Glassworks is again producing film globes, has a new store and exhibition. The CNB raised rates today for the first time since February 2020, and will continue to do so. Year-on-year inflation rose to 2.3 percent in March, remaining above two percent. The Turkish central bank banned payments in cryptocurrencies. The Ministry of Finance sold bonds for CZK 12.2 billion today as planned, with greater interest. According to analysts, inflation in the summer will remain around three percent, with the uncertainty of easing. Bisnode: The number of unreliable VAT payers in the quarter increased for the least in seven years. The Ministry of Finance sold bonds for CZK 21 billion today amid great interest. Dina-Hitex: Resumption of mask production was an ethical obligation. Economists: The pandemic has cost the economy hundreds of billions of crowns. Chamber: The influx of Czech investments into France is growing, the main investor is Křetínský. We must admit that our income is not enough for our expenses in the long term, said Rusnok.

Stock exchanges: The price of copper has reached a record high, a ton is worth more than $10,300. According to analysts, the price of palladium may soon rise to more than $3,000. The price of gold fell below $1,800 per ounce in response to the Fed meeting. Tesla will be a technical partner of a nickel mine in New Caledonia. CZSO: Prices of raw materials and mineral fuels rose by tens of percent year-on-year in April. The US will impose final anti-dumping duties on aluminum from 18 countries. The third largest diamond in the world was apparently mined in Botswana. Global demand for gold fell 14 percent last year to 3,760 tons. Russian gold miner Nordgold plans to list on Moscow and London stock exchanges. Demand for silver could be the highest in eight years this year. China has increased its quotas for mining precious metals to a record high.

Finance: The Norwegian government wants to ensure that banks continue to provide cash services. Mastercard: Half of Czechs use biometric payment verification. The EU has launched a bond sale plan to overcome the effects of the pandemic. Czech companies' deposits exceeded loans by CZK 99 billion in February. Germany has linked blockchain technology to the euro. According to the Czech National Bank's stress tests, the banking sector is resilient even after the pandemic. Indian digital payments provider Paytm is preparing a record share offering. Swiss bank USB is considering offering clients cryptocurrency investments. CNBC: Morgan Stanley to allow Bitcoin investments. Israeli brokerage eToro to list on US stock exchange. PPF wants to acquire 100 percent of O2 operator, currently controls 83.58 pct. Index: Only equity funds made a profit in March, commodity funds fell. US central bank leaves monetary policy unchanged. Coalition: Leading investment banks' revenues hit record highs last year. Commodity funds made the most profit in January, bond funds lost. Golden Gate CZ's revenues rose 47 percent this year to CZK 1.28 billion. Komerční banka's profit fell 24.9 percent year-on-year to CZK 2 billion in the first quarter. Hungary's central bank tripled the volume of gold in its reserves. Gold rose to its highest level this year today, up five percent in a month. The Turkish central bank raised interest rates to 19 percent. The price of silver fell today after hitting a six-month high on Monday.