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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: ČNB will start issuing commemorative coins with motifs of state institutions. The US House of Representatives has approved a law that suspends the debt ceiling. The Reserve Administration may only be able to reserve some of the stocks from traders. According to analysts, the Turkish economy is doing better than expected, the lira continues to fall. WIIW: Central and Eastern Europe needs a new economic model. Jurečka: Ministries are preparing to accelerate the acceptance of forces from abroad, the solution will be this year. The economy will grow by 0.3 percent this year, and it will accelerate next year, a survey by the Ministry of Finance showed. The CNB has been less consistent with the recommendations of its apparatus under Michle, analysts believe. In the first half of the year, the state collected CZK 644.3 billion in taxes, 12.5 pct. more than last year. Kooperativa insurance company paid the most in corporate income tax last year. Analysis: Investments in artificial intelligence are falling in Europe, while they are growing significantly in the US. Chamber: Cutting back on excessive bureaucracy for entrepreneurs is ineffective. Analysts: The development of Czech industry is highly uncertain in the coming months. Entrepreneurs at the parliament elected Zdeněk Zajíček as president of the Chamber of Commerce of the Czech Republic. Biden and Sunak agreed to deepen economic cooperation. Goldman Sachs: In addition to China, India may also overtake the US economy by 2075. Kellnerová is the most influential woman in the Czech Republic, with Pekarová Adamová now third. One of the rules for mortgage applications is being relaxed as of today. CNBC: Companies are increasingly returning production from abroad to places closer to consumption. This year's Absurdity of the Year is the VAT that a company must pay when donating an item. The compromise proposal on the US debt ceiling is awaiting its first test in Congress. CZSO: Traditional culture in the Czech Republic lost more than 3.7 billion crowns during Covid. Study: The average wage in the Czech Republic in euros increased by 9.8 percent this year to 1,683 euros. One of the biggest fraudsters in Germany received another sentence of more than eight years. Singer: The cause of the Czech economy's lack of growth is also its connection with Germany. The limit for small-scale contracts will not be increased, the Chamber of Deputies overruled the Senate. Unemployment fell further in June to 3.4 percent, the labor market remains overheated.

Stock markets: The French company Imerys will mine lithium from a large deposit in Britain. 12 people died in a gold mine in Venezuela, which was officially closed for a long time. China and Russia are investing $1.4 billion in lithium mines in Bolivia. The miners' parade in Jihlava recalled the history of silver mining in the city. Bloomberg: Interest in solar panels limits the supply of silver. The value of gold in the CNB portfolio has increased by 65 percent since the beginning of the year.

Finance: Reuters: SoftBank is considering listing its PayPay payment division on the US stock market. Analysis: The number of Czechs saving has increased by a third in the past year. Hypoindex: The average mortgage rate fell to 6.24 percent in early July. Study: The turnover of the financial technology sector will exceed CZK 30 trillion by 2030. Three million users have used the banking identity in its 2.5 years of operation. Survey: One fifth of women make independent decisions about household finances and assets. UN: Global public debt rose to a record USD 92 trillion last year. Financial crime is growing with EU funds being disbursed, says European prosecutors' chief. UN countries pledge $1.5 billion for Sudan, Guterres concerned about violence. Berlin sees German military as pillar of Europe's conventional defense. Poland's central bank could cut interest rates in September, governor says. Japan's corporate bankruptcies highest in five years in first half of year.