8 190,00 USD

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

Economy: KPMG: A fifth of people have become more modest, 400,000 Czechs have major problems. The Paramo refinery closed last year with a loss of almost 87 million crowns. Personal bankruptcies have decreased in Slovakia after the outbreak of coronavirus. Survey: A quarter of companies in the Czech Republic plan to robotize in the coming years. SB: The Russian economy will fall by six percent this year, the most since 2009. The Chinese economy grew by 3.2 percent in the second quarter. Industry and construction are not doing well, the EC has worsened its estimate of the economic downturn. Investor and analyst confidence in the German economy has fallen slightly. TPA: Activity on the Czech mergers and acquisitions market has fallen this year. Analysts: The Czech National Bank has no reason to further ease monetary policy. Maláčová: The priority of the reform is pensions for demanding professions and educational benefits. The automotive industry increased sales by 1.9 percent last year to a record 1.124 trillion. Aerospace S.A.B. Aerospace increased its profit to 13 million last year. Deník N: Zbrojař Strnad is moving its headquarters from the Netherlands to the Czech Republic. Global consumer confidence fell to a record low in the quarter. Mazars: Half of investors expect sales growth in the next 12 months. India has a trade surplus for the first time in 18 years due to coronavirus. The Guardian: Mumbai is finding out how difficult it is without workers. Manufacturing production in Japan is the lowest since 2009.

Stock exchanges: Critic: We have not received answers, the government and the management of ČEZ are in synergy. Gold and bitcoin gained value in the first half of the year, the price of oil fell. Gold is the most expensive since 2011, the price is just under 1800 USD. The price of gold rose above 1800 USD per ounce for the first time since 2011.

Finance: US banking agencies will ease the Volcker rule. Survey: After the crisis, 34 percent of Czechs started paying by card in restaurants. CITIC Group will strengthen its position in Chinese investment banking. According to the Czech National Bank, withdrawals from COVID programs increased by 900 million CZK in a week. Wüstenrot - building savings bank will become Moneta Stavební Spořitelna. TransferWise is now also allowed to offer investment services in Britain. AP: The hottest commodity in Lebanon is the US dollar. Experts: Companies will need state aid programs in the fall as well. The profit of the largest American bank JPMorgan fell by more than half. Pan-European payments system could be in place in 2022. Mutual funds lost money in the first half of the year, especially equity funds. Goldman Sachs bank has higher profit, exceeding expectations. The number of vacancies in the British finance industry has fallen by 60 percent. Study: Deferred payment services are on the rise. Dozens of millionaires have called on governments to tax the rich higher. Household debts with banks rose to CZK 1.784 trillion in May. Quarantine has accelerated digitalization, banks are starting to close branches. June inflation was 0.4 points higher than the Czech National Bank estimated. The Ministry of Finance sold bonds in euros for the first time this year, interest was high. The court appointed an insolvency administrator for Wirecard. Wirecard's collapse blocked the cards of tens of thousands of Czechs. Czech National Bank: The number of complaints about exchange offices fell by half last year.