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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 analysts, inflation is no longer a problem in the economy. US states are gradually easing restrictions, but the threat of contagion remains. The British economy has fallen the most since the 2008 financial crisis. Reuters: Central European businesses see an opportunity in the crisis. Saudi Arabia will triple its VAT rate due to coronavirus and oil. Latin America has already registered 272,000 cases of coronavirus. Hamáček: The key is to get an adequate amount of money into the economy. CZSO: Patent applications filed by Czechs increased to 767 last year. According to an expert, forest degradation threatens national security. UNWTO: International tourism may fall by up to 80 percent this year. Analysts: Retail sales fell in March, April will be worse. Czechoslovak Group increased its profit by 54 percent last year to three billion. Bloomberg: Poland, the only EU country to survive 2008, will succeed again. Year-on-year inflation in Germany fell to its lowest level since 2016 in April. Retailers' sales fell by 8.9 percent in March due to coronavirus. IHS: Activity in British factories fell to a record low in April. House committees supported laws, MPs propose further measures. The economy is estimated to have fallen by three percent year-on-year in the first quarter. Retailers' sales fell by 8.9 percent in March due to coronavirus. A five-day holiday in China will show how much people will return to travel.

Stock exchanges: Diamo is preparing a project to explore a gold deposit in the Jesenické region. Gold rose in price during the pandemic, prices of other commodities fell.

Finance: ČS, KB, ČSOB and Moneta will join the smart quarantine first. CNB: March loan growth was affected by individual changes in installments. Deutsche Bank remained profitable in the quarter, the market expected a loss. Golden Gate precious metals sellers increased sales by 214 pct this year. The British central bank expects the deepest drop in GDP in 300 years. The Fed left interest rates unchanged, promised extensive support for the economy. The Czech Export Bank is looking for a new member of the board of directors. AKAT: Mutual funds maintained investor confidence during the pandemic. Slovak banks' profits fell significantly in the first quarter. Household debts to banks increased by seven billion in March. The share of foreign investors holding Czech bonds has fallen. Large companies are calling for the rapid launch of programs to support them. Banks have received over a quarter of a million applications for loan repayment deferrals. Commercial bank profit fell by 16.3 percent in the first quarter to CZK 2.7 billion. Association: Non-banking companies provided 6.8 percent less money this year. Leading Chinese banks increased quarterly profits despite the coronavirus. Index: The average price of compulsory insurance did not change in March. UBS bank increased its profit by 40 percent thanks to its asset management division. Czech Republic's net profit fell by 19.8 percent in the first quarter to CZK 3.2 billion. ECB improved the conditions of the cheap loan program for banks. The volume of bank loans in March increased by 27 billion to CZK 6.16 trillion. Banks gradually began to open their entire branch network. Erste's profit fell by 38 percent in the first quarter due to coronavirus.