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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: Larger companies want the Antivirus program to continue. The Japanese economy has entered a recession, facing the impacts of the coronavirus. Reuters: Central European businesses see an opportunity in the crisis. Farmers: Vegetable prices will probably remain at their current level. The German economy fell by 2.2 percent, is in recession. Česká spořitelna: Czechs increased spending after the measures were relaxed. Restaurants and hotels will open on Monday, wearing masks outdoors will end. Analysts: The budget deficit will be higher than CZK 300 billion this year. The Slovak economy has fallen the most since the crisis in 2009. Sales of older homes in the US have fallen the most in a decade. Japanese companies' profits in the quarter fell the most since 2009. According to economists, the bottom of the economic decline can be expected in the second quarter. Slovaks are the most common foreign owners of Czech companies. Survey: 75 percent of exporters cannot solve the impacts of the crisis on their own. EIU: Coronavirus will lead to a decline in economic globalization. The US is working to reduce dependence on supplies of goods from China. NKÚ: The state did not provide any subsidies for high-speed internet. According to economic analysts, inflation is no longer a problem. According to an expert, deforestation threatens the security of the state.

Stock exchanges: The price of gold exceeded 1750 USD, reaching its highest level since 2012. The world's deepest mine in South Africa was closed, 164 workers were infected.

Finance: The number of corporate bankruptcies in Germany could increase by 54 percent. Bloomberg: Křetínský is betting on an industry that others are avoiding. ČNB record: Nidetzký and Michl voted for a more moderate rate cut. Zárúční banka is to sign COVID III contracts with banks on Friday. CNB drew attention to the activities of ESOS International. Fed chief does not expect a repeat of the 1930s crisis. Gold again at seven-year records, still due to concerns about the pandemic. Raiffeisenbank's net profit fell by nine percent to CZK 808 million. Analysts: Gold is the most expensive in seven years, the price may continue to rise. Most banks have not yet signed a cooperation agreement on COVID III. Czegg Ventures investment fund will divide a billion between 30 companies. Analysts: Société Générale's rating downgrade will not threaten KB in any way. Rusnok: I can rule out the introduction of an exchange rate commitment in the foreseeable future. Fio banka's profit rose by 28 percent this year to CZK 376 million. PPF Telecom Group has subscribed to bonds worth almost 14 billion crowns. German consumers can take out a loan with negative interest. Compensation decree to take into account the loss of care and the costs of Covid. Japan's central bank will provide loans for small and medium-sized businesses. Banks are completing preparations for providing loans from Covid III. The British central bank is not yet considering negative interest rates. Fed warns of the vulnerability of the financial sector due to the pandemic. Raiffeisen Bank's profit fell by 22 percent due to coronavirus. Insurance companies have uncovered fraud worth hundreds of millions of crowns this year. Lloyd's: Insurance companies are at risk of losses of 203 billion USD due to coronavirus.