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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: Capital in the registered capital of domestic companies is the lowest since 2013. Švejnar: The Czech economy will fall by 7.5 to eight percent of GDP this year. Experts: Czech companies can profit from the agreement between the EU and Vietnam. The Slovak Central Bank expects a double-digit decline in the economy. According to the head of the ECB, the coronavirus will lead to fundamental changes in the economy. Maláčová: The priority of the reform is pensions for demanding professions and educational benefits. Covid is spreading rapidly in America and India, the EU is negotiating a recovery fund. A record 4.8 million jobs were created in the US in June. Institute: Tax Freedom Day will be later this year in all countries. KPMG: A fifth of people have become more modest, 400,000 Czechs have fundamental problems. Manufacturing production in Japan is the lowest since 2009. Italian Prime Minister after questioning about the pandemic: I am completely calm. NBER: The US economy entered a recession in February. Pelhřimovské Kartáčovny will launch more products by designer Novague. The British economy has fallen the most due to the coronavirus since 1979. OECD: The global economy will fall by six percent this year due to the virus.

Stock exchanges: Critic: We have not received answers, the government and the management of ČEZ are in synergy. Lead and battery producers were helped by new customers during the pandemic. Krúpa, together with partners, offers to buy back 29.9 percent of EMH shares.

Finance: ČBA: The volume of new mortgages fell by five percent in May. to 14.8 billion. CITIC Group will strengthen its position in Chinese investment banking. Analysts: Today's move by the CNB will stimulate the mortgage and real estate market. Study: Deferred payment services are on the rise. Reuters: HSBC returns to plan to cut 35,000 jobs. Gold has surpassed an eight-year high, rising by 16 percent this year. EU wants to keep up with the US and China in space, preparing investments. Minutes of the CNB meeting: There is no need to further loosen monetary policy. Wirecard's collapse blocked the cards of tens of thousands of Czechs. The Russian central bank has lowered the interest rate to a record low. The court has appointed an insolvency administrator for Wirecard. Tomáš Salomon is the new head of the Czech Banking Association, replacing Kavánka. The ministry has sent the compensation decree to the collection of laws. Banks: Real estate in the Czech Republic will not fall in price across the board this year, only luxury ones. The British central bank has expanded its bond purchase program. Bank loans increased by ten billion in May to 6.186 trillion CZK. Survey: Financial literacy of Czechs is average within the OECD. Insurance companies report thousands of damages worth hundreds of millions of CZK from the June storms. EIB: Banks in Central Europe will face an increase in bad loans. The Czech National Bank has canceled another limit for mortgages, according to it, banks are resilient. Insurance companies: The number of damages after the June rains is approaching 10,000. Broker Consulting has received an investment company license from the Czech National Bank. Expert: The Czech National Bank's reports will enable better economic policy responses. According to the Czech National Bank, companies drew CZK 7.4 billion from COVID programs as of June 12. Coface: Czech economy to shrink by 6.2 percent this year. Pan-European payments system could be in 2022.