8 608,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Employers ask for social security payments to be waived. State-owned EGAP suffered a loss of 2.38 billion crowns last year. IHS: Activity in British factories fell to a record low in April. UNWTO: International tourism may fall by up to 80 percent this year. According to estimates, the economy fell by three percent year-on-year in the first quarter. The Japanese economy entered a recession, facing the effects of the coronavirus. The Slovak economy fell the most since the 2009 crisis. The US is working to reduce dependence on supplies of goods from China. Saudi Arabia will triple the VAT rate due to the coronavirus and oil. Analysts: The decline in retail sales in March was expected, April will be worse. Chamber: Lack of money is starting to cause tension between companies. Bloomberg: Poland, the only EU country to survive 2008, will succeed again. Parliamentary committees support laws, MPs propose further measures. According to an expert, forest degradation threatens national security. Survey: Larger companies want the Antivirus program to continue. Retailers' sales fell by 8.9 percent in March due to coronavirus. Survey: 73 percent of CFOs want to make it easier to work from home. Analysts: The decline in industry will deepen in April. Survey: 75 percent of exporters cannot solve the effects of the crisis on their own. Retailers' sales fell by 8.9 percent in March due to coronavirus.

Stock exchanges: Metal coating will improve the properties of tools from conventional 3D printers. The price of gold exceeded 1750 USD, reaching its highest level since 2012. Gold rose in price during the pandemic, while other commodity prices fell.

Finance: The Norwegian Central Bank surprisingly cut interest rates to zero. The Czech National Bank cut rates today and expects the economy to contract by eight percent. The World Bank has already provided coronavirus aid to 100 countries. PPF Telecom Group has subscribed bonds for almost 14 billion crowns. Analysts: Gold is the most expensive in seven years, the price may continue to rise. Raiffeisen Bank's profit fell by 22 percent due to coronavirus. CNB: March loan growth was affected by individual changes in installments. Banks gradually began to open their entire branch network. Fio banka's profit rose by 28 percent this year to CZK 376 million. Fed chief: A vaccine will probably be needed for the economy to fully recover. Czech Republic: Card transactions confirm sharp decline in household consumption. Fed chief warns of a longer-term slowdown in the US economy. ECB improves conditions for cheap credit program for banks. Lloyd's: Insurance companies face losses of USD 203 billion due to coronavirus. Development Bank supports entrepreneurs with CZK 15 billion by May 3. Banks will not immediately respond to the CNB's base rate cut. CNB draws attention to ESOS International's activities. Air Bank's net profit fell by five percent this year to CZK 321 million. Russia's largest bank Sberbank's quarterly profit fell by 47 percent. The Bank of England expects the deepest GDP decline in 300 years. In its new forecast, the CNB expects the economy to decline by eight percent this year. The fewest billionaire companies were created in China this year in six years.