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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: According to estimates, year-on-year inflation in February probably increased slightly. Household debts to banks increased by 13 billion in April, and those of companies by 5.5 billion CZK. Analysts: Industry mainly prevented a greater decline in the economy. Bisnode: The number of unreliable VAT payers increased in the quarter at least for seven years. Economists: The pandemic deprived the economy of hundreds of billions of crowns. The Ministry of Finance sold bonds for 14 billion CZK today, interest was higher again. The Indian central bank discourages credit institutions from trading in cryptocurrencies. According to analysts, inflation will remain around three percent in the near future. Union: Ensuring mandatory testing will be challenging for small businesses. Analysts: Inflation will rise further in the coming months. The value of mergers and acquisitions this year fell to the lowest level in three years. Britain is considering its own digital currency, which could be called britcoin. The Ministry of Finance sold bonds for 21 billion CZK today amid strong interest.

Stock exchanges: According to analysts, the price of palladium may soon rise to more than 3,000 USD. Interest in American gold and silver coins increased sharply last year. China has increased quotas for mining precious metals to a record high. The price of gold has accelerated its decline, with developments in Turkey also having an impact. The price of gold has fallen below 1,700 dollars per ounce for the first time since June. The price of palladium has exceeded 3,000 dollars per ounce for the first time. The price of copper has reached a record high, with a ton costing more than 10,300 dollars. Diamond producer Alrosa's profit fell by 49 percent last year. Tesla will be a technical partner for a nickel mine in New Caledonia.

Finance: Housing loans rose seven percent in November to 22.1 billion. Indian digital payments provider Paytm is preparing a record-breaking share offering. Silver prices fell today after Monday's six-month record. Czech companies' deposits exceeded loans by 99 billion CZK in February. The banking sector is resilient even after the pandemic, according to the Czech National Bank's stress tests. Bank loans fell by 36 billion in November to 6.2 trillion CZK. The Czech National Bank increased its profit to a record 91.9 billion CZK last year. The volume of housing loans was 29 billion CZK in April, the second highest. Bloomberg: People saved 2.9 trillion USD during the pandemic. The head of the Polish central bank does not rule out further interest rate cuts. The volume of bank loans in March fell by 11 billion to 6.25 trillion CZK. Index: Only equity funds made a profit in March, commodity funds fell. CNB Governor Rusnok earned 4.2 million CZK net last year. Renáta Kellnerová was appointed administrator of Petr Kellner's estate. The Turkish central bank raised the interest rate to 19 percent. The Hungarian central bank tripled the volume of gold in its reserves. The price of gold increased by 14 percent in the year of the pandemic, and oil also became more expensive. Swiss bank USB is considering offering clients investments in cryptocurrencies. The four largest banks in the Czech Republic lost one billion CZK in profits in the first quarter. The pension company from the Partners group will be called Rentea. Mastercard: Biometric payment verification is used by half of Czechs. Israeli brokerage company eToro will enter the US stock exchange. Moody's affirms Czech Republic's rating despite debt growth.