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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: According to the council, the state should send money from the budget to municipalities and regions. Analysts: Economic development in the 2nd quarter will be even worse. Japanese exports in April fell the most since the global financial crisis. Survey: Czechs are worried about the future because of the coronavirus. Analysts: Earlier publication of macro data may unsettle markets. Central Bank: Austrian economy will fall by 7.2 percent this year. Survey: 73 percent of CFOs want to make working from home easier. ADB: Coronavirus could cost the global economy 8.8 trillion USD. SAO: The state did not provide any subsidies for high-speed internet. Profits of Japanese companies in the quarter fell the most since 2009. Sales of older homes in the US fell the most in a decade. Analysts: Budget deficit will be higher than CZK 300 billion this year. Survey: 75 percent of exporters cannot solve the impacts of the crisis on their own. Housing Fund changes name to State Investment Support Fund today. Japanese retail sales fell the most in more than 20 years. Confidence in the economy rose slightly in May after the previous decline. Restaurants and hotels will open on Monday, wearing masks outdoors will end.

Stock markets: The world's deepest mine in South Africa has been closed, 164 workers have been infected. The coronavirus has also hit the diamond market in Israel hard.

Finance: The share of non-cash transactions has increased by 69 percent. Banks are completing preparations for providing loans from Covid III. Fed chief: A vaccine will probably be necessary for the economy to fully recover. CNB record: Nidetzký and Michl voted for a more moderate rate cut. According to experts, the global economy will recover in 2022 at the earliest. The Czech National Bank of the Czech Republic has so far approved assistance to 1,800 entrepreneurs in COVID programs. Bank loans increased by 14 billion in April to 6.18 trillion CZK. Index: Mutual funds reduced the declines from February and March in May. Insurance companies have uncovered fraud worth hundreds of millions of crowns this year. Gerber will replace Pupala at Moneta savings and mortgage bank. Survey: Most Europeans shopped more online in April. Fed warns of the vulnerability of the financial sector due to the pandemic. Fed: Coronavirus has deprived people with lower incomes of their jobs. Czech banks have collected 5.5 billion CZK less in fees since 2010. The British central bank is not considering negative interest rates yet. Rusnok: I can rule out the introduction of an exchange rate commitment in the foreseeable future. Bloomberg: Kellner's bet on China is backfiring. The Polish central bank has cut its base interest rate to almost zero. The ECB has decided to significantly expand its bond purchase program. Fio banka's profit increased by 28 percent this year to CZK 376 million. Survey: Czechs do not complete every 20th payment in e-shops. HN: Disclosure of companies in COVID III does not violate banking secrecy. ČS: Card transactions confirm a sharp decline in household consumption. The compensation decree is to take into account the loss of care and the costs of covid. The CNB drew attention to the activities of Silk Assets Investments. The CNB drew attention to the activities of ESOS International.