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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: IMF slightly improves estimate of this year's growth of the US economy. Chamber: Cutting back on excessive bureaucracy by entrepreneurs is ineffective. Economy will grow by 0.3 percent this year, will accelerate next year, shows MF survey. Limit for small-scale orders will not be increased, House of Representatives voted against Senate. According to scientists, the future of production is artificial intelligence and virtual reality. Fiala: Government will soon approve anti-bureaucratic package for entrepreneurs. Last year, the state collected 790 billion in taxes into the budget, 90 billion more remains. Analysts were surprised by the rise in food prices, they are concerned about inflation next year. Negotiations to avert US insolvency are stalled, continuation is uncertain. Confederation of Employers criticizes adjustments to work agreements or benefits. Survey: 73 percent of people believe they will have to cut their spending in retirement. S&P leaves Slovakia's rating at A+, but changes outlook to stable. China's central bank cuts key interest rate to 1.90 percent. Czech National Bank: Banks' net profit fell by CZK 32.3 billion last year to CZK 102.6 billion. US debt ceiling compromise proposal awaits first test in Congress. Year-on-year inflation in May was 11.1 percent, month-on-month prices rose by 0.3 percent. According to analysts, the Turkish economy is doing better than expected, lira continues to fall. Media: Central banks and governments coordinated interest rate manipulation during the global crisis. Fed chief: Risks are more balanced, June rate decision unclear. Presidential advisor: Senate involvement in appointment of CNB board being discussed at the Castle. Biden and Sunak agreed to deepen economic cooperation. The Czech National Bank was less adept at following the recommendations of its apparatus under Michl, analysts say. As of today, one of the rules for mortgage applications is being relaxed. Investors are moving to bonds, experts say they attract high yields. SAO: More than 48 billion CZK paid as compensation for Covid has fulfilled its purpose. One of the biggest fraudsters in Germany received another sentence of more than eight years. Kellnerová is the most influential woman in the Czech Republic, Pekarová Adamová is now the third. Jurečka: Ministries are preparing to accelerate the acceptance of forces from abroad, the solution will be this year. CNBC: Companies are increasingly returning production from abroad to places closer to consumers. The budget deficit deepened in May to a record 271.4 billion CZK. PPF Group's net profit fell by 49 percent last year to CZK 3.36 billion.

Stock exchanges: World Gold Council: The Czech Republic expanded its gold reserves by 1.54 tons to 13.5 tons. A miners' parade in Jihlava recalled the history of silver mining in the city. The Ministry of the Environment returned to reworking the documentation of the impacts of manganese mining near Chvaletic. Glencore plans to invest USD 1.5 billion in expanding a copper mine in Peru.

Finance: The government in Berlin sees the German army as a pillar of European conventional defense. Banks block cryptocurrency exchange Binance's access to the US banking system. Survey: A fifth of women decide independently about household finances and property. UN countries pledged USD 1.5 billion for Sudan, Guterres is concerned about violence. Donor states have pledged $2.4 billion to help Africa fight hunger. Three million users have used the bank identity in 2.5 years. Financial crime is growing with the disbursement of EU funds, says the head of European prosecutors. The largest Swiss bank UBS has completed the takeover of rival Credit Suisse. Bern will help UBS with its problems with Credit Suisse with up to nine billion francs. The Czech National Bank is only removing it from the rules for providing mortgages from July.