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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: Coface: Czech companies are among the worst in the region in publishing financial statements. Unemployment remained at 3.6 percent in June, analysts expect gradual growth. Analysts: Czech industry fell the most in May since September last year. Analysts: Wage growth exceeded market expectations, may support consumption. Spain will introduce a 15 percent tax for large companies, following up on an EU directive. The Czech Republic's foreign trade showed a surplus of CZK 13.6 billion in May, up year-on-year. Analysis: Active support for employee health can bring the state CZK 75 billion. Germany is still at risk of gas shortages during extreme cold, the INES association warned. IMF warns of the impacts of generative artificial intelligence on the labor market. Football fans in Germany must expect sold-out hotels and full trains. GDP growth in the first quarter of 0.2 percent was below expectations, held back by investments. CNB: Czech household debts to banks rose to CZK 2.293 trillion in May. Analysis: Construction companies estimate a 1.2 percent decline in construction this year. Study: Seven percent more entrepreneurs went bankrupt in the first half of the year. Study: The number of entrepreneurs in the Czech Republic is decreasing, there were 4,041 fewer in the first half of the year. Analysts expect June inflation to be close to May's 2.6 percent. In the Entrepreneurial Head competition, a project with artificial intelligence scored again. FAZ: UEFA will make a fortune from the Euro football tournament, but the German taxpayer will cry. There is time until the end of June to exchange invalid banknotes in banks. Study: Average wage in the Czech Republic in euros reached 1,779 euros, growing the least in the V4.

Stock exchanges: Rio Tinto's lithium mining project in Serbia does not harm nature, the company claims. Gas for the European market is getting cheaper, the assumption of a shorter shutdown in Norway is helping. Robusta coffee beans have risen in price by 60 percent since the beginning of the year to 4,625 USD per ton. Saudi Arabia has launched a secondary sale of shares in the oil company Aramco. Bloomberg: Saudi Arabia plans to launch a secondary offering of shares in the company Aramco.

Finance: Index: Almost half of productive Czechs are now repaying mortgages, loans or advances. Kellnerová: I got to know PPF after my husband's death, last year I was more decisive. The European Central Bank is likely to lower interest rates. JPMorgan Chase significantly increased its profit in the quarter, while Wells Fargo's fell. Capgemini: The number of dollar millionaires in the Czech Republic increased last year, their wealth increased. Commodity prices on the markets increased in the first half of the year, the index added three percent. Index: The average Czech investor in funds earned 5.7 percent in the first half of the year. According to its boss, the Polish central bank will cut interest rates again in 2026 at the earliest. The British central bank left interest rates unchanged, as expected. Allianz Trade: The world economy should grow by 2.8 percent this year and next. Two members of the Czech National Bank's bank board disagreed with the new reserve for banks. Czech National Bank: Banks' net profit increased by 22 percent in the first quarter to CZK 25.9 billion. The Japanese central bank did not change interest rates, but intends to limit bond purchases. Moscow Stock Exchange halts trading in dollars and euros due to sanctions. UniCredit: Central and Eastern European economies to grow by 2.7 percent this year. Czech National Bank does not change mortgage rules, introduces new reserve for banks. Russian Sberbank's profit could be record high again this year, says CFO. Czech National Bank: One fifth of Czechs plan to get a mortgage, half of whom have postponed applying in the past. J&T Arch fund becomes second-largest shareholder in Tatry mountain resorts. Bain Capital to buy financial software supplier Envestnet for $4.5 billion.