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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: 75% of exporters cannot solve the effects of the crisis on their own. Housing Fund changes name to State Investment Support Fund today. SAO: State did not provide any subsidies for high-speed internet. According to economic analysts, inflation is no longer a problem. EIU: Coronavirus will lead to a decline in economic globalization. Entrepreneurial Head title won by honey vending machine project. Slovak economy fell the most since the 2009 crisis. Japanese exports fell the most since the global financial crisis in April. CRIF: 455 companies were added in the Czech Republic in April, the least in a decade. Chamber: Lack of money is starting to cause tension between companies. Reuters: Central European trading companies see an opportunity in the crisis. TI: Billions to support the economy must not go to tax havens. ADB: Coronavirus could cost the global economy $8.8 trillion. Analysts: Budget deficit will exceed CZK 300 billion this year. German economist recommends waiving VAT on some goods for recovery. Prymula: Hygienists will conduct preventive testing in hostels. According to estimates, the economy fell by three percent year-on-year in the first quarter. Survey: 70 percent of companies report a drop in orders for May and June.

Stock markets: Metal coating will improve the properties of devices from conventional 3D printers. Coronavirus in Israel has also hit the diamond market hard. The world's deepest mine in South Africa has been closed, 164 workers have been infected.

Finance: Fio banka's profit increased by 28 percent this year to CZK 376 million. Rusnok: I can rule out the introduction of an exchange rate commitment in the foreseeable future. Fed: Coronavirus has mostly deprived people with lower incomes of their jobs. The Japanese central bank has its first female executive director. CNB record: Nidetzký and Michl voted for a more moderate rate cut. ČSOB's net profit fell by 56 percent this year to CZK 2.1 billion. Banks are completing preparations for providing loans from Covid III. Survey: Most Europeans shopped more online in April. The Fed chief does not expect a repeat of the crisis from the 1930s. Záruční banka is to sign COVID III contracts with banks on Friday. Raiffeisen Bank's profit fell by 22 percent due to coronavirus. Bloomberg: Křetínský is betting on sectors that others are avoiding. EAG will issue bonds for CZK 1.5 billion. The money will be used for acquisitions. Fed warns of financial sector vulnerability due to pandemic. Japan's central bank to provide loans for small and medium-sized businesses. Bloomberg: Kellner's bet on China is backfiring. Insurance companies have uncovered fraud worth hundreds of millions of crowns this year. Association: Non-banking companies provided 6.8 percent less money this year. Raiffeisenbank's net profit fell by nine percent to CZK 808 million. The compensation decree is to take into account the loss of care and the costs of covid. PPF Telecom Group has subscribed to bonds worth almost 14 billion crowns. The British central bank is not yet considering negative interest rates. Peter Hlaváč has become the CEO of the DRFG investment group. CNB: New mortgages fell by a billion in April, the crisis did not manifest itself.