94 000,00 USD

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

Economy: In January, construction grew year-on-year, while industry fell. The monthly loss in sales of medical spas could be up to a billion crowns. The ban on accepting clients means a loss for spas, but they understand the move. China remains Germany's largest trading partner, the Czech Republic is tenth. Unex engineering plants have limited production in Uničov due to quarantine. Minister: Russia may lose three trillion rubles due to cheap oil. The average wage has increased to 36,144 CZK, but the pressure on growth is easing. Slovakia is preparing measures to support companies due to coronavirus. Czechoslovak Group may buy Skyport, the Office for the Protection of Consumer Rights has approved it. Coronavirus is affecting the operation of companies, the Czech economy will probably decline this year. According to Raiffeisenbank, the economy will grow less due to coronavirus. PwC: Czech women improved their employment the most out of all OECD countries. Unemployment fell in February, the decline is expected to continue. The ministry published the supply conditions for respirator manufacturers. Analysts: Inflation will remain high, but then it will fall faster. Moravian-Silesian companies are trying to accommodate employees with children. The growth of the British economy unexpectedly stopped in January. Analysts: Retailers' sales in January were solid, a decline is expected. Prices accelerated growth to 3.7 percent in February, this may be the peak. Deloitte: The loss from the monthly emergency regime may be 66 billion CZK. According to economists, the decline of the Czech economy is practically certain this year. The Japanese economy declined at a rate of 7.1 percent at the end of the year. Italian restaurants are reducing the number of guests due to quarantine.

Stock markets: Gold rose above $1,700, the most expensive since 2012. The price of gold erased the initial growth, other precious metals are falling sharply. Traders are recording a sharp increase in interest in investment gold. Oil prices are falling significantly, measures by banks and governments have not calmed the market. Palladium has written off up to 28 pct. due to coronavirus, gold four pct..

Finance: The crown has weakened above 27 CZK/EUR after measures against coronavirus. Banks will allow loan repayment deferrals for clients affected by coronavirus. Banks will allow loan repayment deferrals for clients affected by coronavirus. Lufthansa will keep at least two-thirds of its 800 aircraft on the ground. Hypoindex: Average mortgage rate in February rose to 2.42 pct.. Global Payments: People now pay by card in e-shops by five pct more. The Czech National Bank has large cash reserves, does not expect a shortage. Lesy ČR lost about one billion last year, started using credit. The Italian Generali achieved a record profit, confirmed its goals. The Norwegian central bank has reduced interest rates due to coronavirus. The Czech National Bank will monitor the financial problems of self-employed people due to coronavirus. Zárúční banka has published a preliminary call for the COVID Loan. The ECB is ready to take further steps to support the eurozone. The ČSSD wants help for people who will lose their income due to coronavirus. Home Credit's profit before tax increased by a third last year. People in the Hradec Králové Region most often take out a home loan. The British central bank has reduced interest rates to a minimum of 0.25 percent.