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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: Unemployment rose to 3.6 percent, sales of stores fell by a tenth. According to the council, the state should send money from the budget to municipalities and regions. Rhodium: Foreign capital is increasingly interested in Chinese companies. The Ministry of Finance will need 730.6 billion CZK to finance debt this year. 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 number of applications for protection from creditors in the US increased by 48 percent. Space company S.A.B. Aerospace increased its profit to 13 million last year. The Guardian: Mumbai is finding out how hard it is without workers. Survey: Financial bosses in the region are more optimistic than the OECD. Central Bank: Austrian economy to shrink by 7.2 percent this year. Roger: Companies pay on average 20 days later than a year ago. Analysts: Construction will continue to need public investment. Economists expect even worse wage developments in the second quarter. Of the eight million people infected with coronavirus, one million have been added in a week. Analysts: Earlier publication of macro data may unsettle markets. NBER: US economy entered recession in February. Chinese exports and imports fell in May, imports the most in four years.

Stock markets: Lead and battery producers helped by new customers during the pandemic. Analysts say gold miners should invest USD 37 billion.

Finance: Decree increases healthcare costs to CZK 354 billion. Survey: Economic elite does not expect a rapid economic recovery. SB: The world economy will fall by 5.2 percent this year due to coronavirus. Survey: Czechs do not complete every 20th payment in e-shops. The share of non-cash transactions has increased by 69 percent. German payment company Wirecard is missing 1.9 billion euros. Gold sales in the Czech Republic increased by hundreds of percent during the pandemic. Wirecard's collapse blocked the cards of tens of thousands of Czechs. The Czech National Bank drew attention to the activities of Silk Assets Investments. Czech banks have collected 5.5 billion CZK less in fees since 2010. The court appointed an insolvency administrator for Wirecard. Insurance companies: The number of claims after the June rains is approaching 10,000. IMF: Governments have given ten trillion USD to fight the virus, more is needed. Insurance companies report thousands of damages worth hundreds of millions of CZK from June storms. ECB has decided to significantly expand its bond purchase program. Hungary's central bank unexpectedly lowered the base interest rate. RSJ Group has decided to enter Pillow Insurance Company in terms of capital. Index: Mutual funds reduced the declines from February and March in May. RegioJet increased its bond issue by almost half a billion crowns. IMF further worsened the economic outlook, expecting a decline of 4.9 percent. Broker Consulting received an investment company license from the Czech National Bank. Tomáš Salomon is the new head of the Czech Banking Association, replacing Kavánka. Wirecard's collapse blocked the cards of 40,000 clients of the Czech Twist. According to the CNB, companies drew 7.4 billion CZK from COVID programs as of June 12. The Ministry has sent the compensation decree to the collection of laws.