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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: Government: Swiss economy will experience worst decline in decades. SAO: Ministry of Labor spent billions on applied research, did not track benefits. Housing Fund changes name to State Investment Support Fund today. Survey: One third of small and medium-sized exporters are looking for new markets. Economists expect even worse wage developments in Q2. Slovak Central Bank expects double-digit economic decline. Experts: Czech companies can profit from EU-Vietnam agreement. Analysts: One-third decline in industry should not happen again. Le Monde: Hebron economy is recovering from lockdown only slowly. The title Entrepreneurial Head won the honey vending machine project. Chinese exports and imports fell in May, imports the most in four years. According to the council, the state should send money from the budget to municipalities and regions. Analysts: Earlier publication of macro data may unsettle markets. Česká spořitelna: Czechs increased spending after easing measures. OECD: Global economy to shrink by six percent this year due to virus. Central Bank: Austrian economy to shrink by 7.2 percent this year. Analysts: Economic development in Q2 will be even worse. Roger: Companies pay on average 20 days later than a year ago. Italian Prime Minister after questioning about the pandemic: I am completely calm. Indian economic growth has slowed due to coronavirus.

Stock exchanges: Krúpa and partners offer to buy back 29.9 percent of EMH shares.

Finance: Decree increases healthcare costs to 354 billion crowns. EIB: Banks in Central Europe will face growth in bad loans. The Czech National Bank has lifted another limit on mortgages, according to it, banks are resilient. Peter Hlaváč has become the CEO of the DRFG investment group. The British central bank has expanded its bond purchase program. The share of non-cash transactions has increased by 69 percent. RegioJet has increased its bond issue by almost half a billion crowns. The Polish central bank has reduced its base interest rate to almost zero. Association advisor: Banks will close branches and lay off workers. Insurance companies report thousands of damages worth hundreds of millions of CZK from the June storms. Non-banking register: Corporate debt increased by 16 percent year-on-year. Most banks have not yet signed a cooperation agreement on COVID III. Index: Mutual funds in May reduced the declines from February and March. Moody's downgrades India to just above speculative grade. EAG to issue bonds for CZK 1.5 billion. The money will be used for acquisitions. Coface: Czech economy to shrink by 6.2 percent this year. CNB: New mortgages fell by a billion in April, the crisis has not manifested itself. MF survey: 90 percent of households have an account, knowledge of APR is low. Gold sales in the Czech Republic increased by hundreds of percent during the pandemic. IMF: Governments have given ten trillion USD to fight the virus, more is needed. CNB draws attention to the activities of Silk Assets Investments. Křetínský's EPH to issue additional bonds for CZK 2.5 billion. Czech banks have collected CZK 5.5 billion less in fees since 2010. SB: The world economy will shrink by 5.2 percent this year due to the coronavirus.