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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: Survey: A quarter of companies in the Czech Republic plan robotization in the coming years. Survey: A third of small and medium-sized exporters are looking for new markets. Maláčová: The priority of the reform is pensions for demanding professions and educational benefits. The Ministry of Labour and Social Affairs is preparing a set of measures for a possible increase in unemployment. Personal bankruptcies have decreased in Slovakia after the outbreak of coronavirus. The Chamber of Commerce has opened a warehouse for supplies of protective equipment. Of the eight million people infected with coronavirus, one million have been added in a week. Aerospace S.A.B. Aerospace increased its profit to 13 million last year. Italian Prime Minister after questioning about the pandemic: I am completely calm. Covid is spreading rapidly in America and India, the EU is negotiating a recovery fund. Švejnar: The Czech economy will fall by 7.5 to eight percent of GDP this year. Pelhřimovské kartáčovny will launch more products by designer Novague. Government: Swiss economy will experience the worst decline in decades. The auto industry increased sales by 1.9 percent last year to a record 1.124 trillion. According to the ECB head, the coronavirus will lead to fundamental changes in the economy. Survey: Financial bosses in the region are more optimistic than the OECD. The Paramo refinery ended last year with a loss of almost 87 million crowns.

Stock exchanges: Critic: We did not get answers, the government and the management of ČEZ are in synergy. HN: Kellner's PPF sold part of the shares of the Russian miner Polymetal. According to analysts, gold miners should invest 37 billion USD. Gold continues to rise in price due to the coronavirus, it is close to the maximum in eight years.

Finance: According to analysts, the Czech National Bank will leave rates unchanged on Wednesday. Minutes of the Czech National Bank's meeting: There is no need to further ease monetary policy. The EU wants to keep pace with the US and China in space, is preparing investments. Gold has surpassed an eight-year high, rising by 16 percent this year. The Hungarian central bank unexpectedly reduced the base interest rate. Quarterly profit of banks in the US fell by almost 70 percent due to coronavirus. Coronavirus has halved interest in cash on delivery. Czech National Bank: The number of complaints about exchange offices fell by half last year. TransferWise is now also allowed to offer investment services in Britain. Insurance companies report thousands of damages worth hundreds of millions of CZK from June storms. US banking agencies will ease the Volcker rule. Banks will pay less into reserves to protect the credit market. Media: Commerzbank is considering laying off 7,000 people. Commerzbank shares are strengthening after the unexpected resignation of the management. The Slovak Central Bank has provisionally reduced the reserve ratio for banks. KB shareholders have decided not to pay shareholders a dividend. The Ministry has sent a compensation decree to the collection of laws. Deutsche Bank is considering helping the bankrupt Wirecard banking division. RSJ Group has decided to enter the Pillow insurance company with capital. The Russian Central Bank has cut the interest rate to a record low. CBA: The volume of new mortgages fell by five percent in May to 14.8 billion. According to the CNB, companies from COVID programs drew 7.4 billion CZK as of June 12. Household debts with banks increased to 1.784 trillion CZK in May. Bank loans increased by ten billion to 6.186 trillion CZK in May.