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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: Explosia ended last year with a loss of 129 million crowns. New application will help Czech companies with exchange rate risk. Investor and analyst confidence in the German economy has fallen slightly. Mazars: Half of investors expect sales growth in the next 12 months. Personal bankruptcies have decreased in Slovakia after the outbreak of coronavirus. Analysts: The Czech National Bank has no reason to further loosen monetary policy. India has a trade surplus for the first time in 18 years due to coronavirus. The Paramo refinery ended last year with a loss of almost 87 million crowns. GfK: German consumer sentiment is improving, also thanks to the VAT reduction. Economic activity in the eurozone has returned to growth after coronavirus. Microsoft: A quarter of a billion people worldwide may lose their jobs this year. COVID rent applications exceeded a billion crowns in less than a month. Analysts: The impact of the pandemic on unemployment will be noticeable in the fall. A record 4.8 million jobs were created in the US in June. Study: The Czech Republic has the best manufacturing base in Europe. TPA: Activity in the Czech mergers and acquisitions market has fallen this year. Global consumer confidence fell to a record low in the quarter. According to the office, 179,393 properties do not have a clear owner. CZSO: Confidence in the Czech economy increased significantly in July. US dollars are returning to stores in Cuba due to Covid. According to the ECB head, the coronavirus will lead to fundamental changes in the economy.

Stock exchanges: HN: Kellner's PPF sold part of the shares of the Russian miner Polymetal. The price of gold rose above $1,800 per ounce for the first time since 2011. Gold is the most expensive since 2011, the price is just under $1,800.

Finance: TransferWise is now allowed to offer investment services in Britain. Deutsche Bank is considering helping the bankrupt banking division of Wirecard. Dozens of millionaires have called on governments to tax the rich higher. Swiss bank Julius Baer had a record profit in the first half of the year. The Slovak Central Bank has tentatively reduced the reserve ratio for banks. June inflation was 0.4 points higher than the CNB estimated. Coronavirus has halved interest in cash on delivery. There were fewer currency exchange offices in the Czech Republic last year, and there were also fewer client complaints. The COVID plus program has been expanded to include transport and tourism. Zlato.cz: Czech National Bank increased foreign exchange reserves by 1.2 tons of gold. ECB left the base interest rate at a record low of zero percent. Pan-European payment system could be in 2022. Minutes of the Czech National Bank's meeting: There is no need to further loosen monetary policy. Withdrawals from COVID programs increased by 900 million CZK per week according to the Czech National Bank. Wüstenrot - building savings bank will become Moneta Building Savings Bank. Quarantine has accelerated digitalization, banks are starting to close branches. Experts: Companies will need state aid programs in the fall as well. Financial company Ant from the Alibaba group plans to enter the stock market. CBA: The volume of new mortgages fell by five percent in May to 14.8 billion. Index: Czech exports are expected to recover in the next five months. IMF has concerns about the independence of the Ukrainian central bank.