7 910,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The manufacturer requests to increase the capacity of certification centers for devices. As of today, EGAP has registered 45 applications for 9.6 billion CZK for COVID plus. Price growth in the eurozone unexpectedly accelerated in July. The election of Dlouhý to the head of the HK is welcomed by union leaders and Minister Havlíček. According to analysts, retail in the Czech Republic is heading for a full-year decline. Analysts: Data from the industry is positive, but the decline will continue. Ifo: German companies expect to return to normal in 11 months. Survey: Companies will temporarily limit investments, invest more in IT and online. Unemployment in the EU rose to 7.1 percent in June. The US economy shrank by 32.9 percent in the second quarter. The EU economy shrank by a record 11.9 percent in the second quarter. CZSO: The Czech economy shrank by 10.7 percent year-on-year in the second quarter. Meat production fell by 10.7 percent in the second quarter, while milk production increased. Mazars: The Czech Republic and Slovakia have the highest insurance contributions in the region. Confederation of Industry: The pandemic has reduced companies' income, profits and orders. The EU economy shrank by a record 11.7 percent in the second quarter. Analysts: Foreign trade in June ended above expectations. The US economy shrank by 32.9 percent in the second quarter. According to analysts, the economic downturn is not tragic. WTO: World trade will fall by 13 percent this year due to coronavirus. Czech share in space events is growing, over 60 companies have participated. Deutsche Bank has improved its outlook for this year's global economy.

Stock markets: Abramovich and other investors will sell stakes in Russian gold miner. FT: Aramco will cut expenses to have $75 billion in dividends.

Finance: Commerzbank's profit fell by a fifth in the quarter, expects a loss for the year. RB: GDP decline will be the deepest since the transformation, will not exceed six percent. Bloomberg: The pandemic is pushing millions of Europeans into a debt crisis. Air Bank's net profit rose slightly in the first half of the year to CZK 783 million. Komerční banka's profit fell by 38.5 percent in the first half of the year. CNB report: The rise in prices is an attempt to compensate for the loss of income. Survey: A third of households lost part of their income during the pandemic. The Czech National Bank is expected to leave interest rates unchanged on Thursday. Moneta's profit for the first half of the year fell by 40 percent year-on-year to 1.2 billion. The profit of Russia's largest bank Sberbank fell by a third year-on-year. SocGen, the owner of Komerční banka, has another quarterly loss. UniCredit Bank in the Czech Republic and Slovakia saw its profit fall by half in the first half. The New Zealand central bank expanded its bond purchase program. Trinity Bank's net profit rose to 31 million crowns in the first half of the year. Approximately 800 entrepreneurs applied for a free payment terminal for a year. Česká spořitelna's net profit fell by 47.1 percent to 4.6 billion CZK. MF: The volume of money on the financial market increased to 6.9 trillion CZK last year. ČBA: The volume of new mortgages increased by 27 percent in June. to 18.8 billion. All major banks' profits fell by tens of percent in the first half of the year. July inflation of 3.4 percent was in line with the CNB's forecast. The CNB left rates unchanged, worsened its estimate of economic development.