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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 scientists, the future of production is artificial intelligence and virtual reality. IMF: German economic growth will hover around zero this year, then accelerate. Fed chief: Risks are more balanced, June rate decision unclear. According to analysts, the Turkish economy is doing better than expected, the lira continues to fall. The most influential woman in the Czech Republic is Kellnerová, the third is now Pekarová Adamová. CZSO: Traditional culture in the Czech Republic lost more than 3.7 billion crowns during Covid. CNBC: Companies are increasingly returning production from abroad to places closer to consumers. CNB: Banks' net profit fell by 32.3 billion to 102.6 billion CZK last year. The Czech economy fell by 0.4 percent in the first quarter. The compromise proposal on the US debt ceiling awaits its first test in Congress. The Reserve Administration may only be able to reserve some of the stocks at retailers. The Czech Republic is entering a wage-inflation spiral, says CNB Bank Board member Holub. Investors are moving to bonds, experts say they are attracted by high yields. Biden and Sunak have agreed to deepen economic cooperation. Media: Central banks and governments coordinated the manipulation of interest rates during the global crisis. Fiala: The government will soon approve an anti-bureaucratic package for entrepreneurs. The number of dollar millionaires in the Czech Republic increased last year, their assets fell, Capgemini said. CNB: Czech households' debts to banks rose to 2.19 trillion crowns in April. This year's Absurdity of the Year is the VAT that a company must pay when donating things. AP: Foreign companies are finding it is not easy to leave Russia. MFA: Reduction of salaries in the state sphere cannot be applied generally. Survey: 95 percent of Czechs are worried about their financial situation due to inflation. President's advisor: The Senate's involvement in the appointment of the CNB board is being debated at the Castle. SAO: More than 48 billion CZK paid as compensation for Covid has fulfilled its purpose. The state collected 790 billion CZK in taxes into the budget last year, 90 billion more remains. The budget deficit deepened in May to a record 271.4 billion CZK. Kooperativa pojišťovna paid the most in corporate income tax last year. PwC: The market value of the most valuable companies fell the most since 2009. The Hungarian Central Bank provides monetary policy easing. The government package for Moravian-Silesian companies will increase by up to hundreds of millions of CZK. France will allocate half a billion euros annually for tax breaks for so-called green investments. Negotiations to avert US insolvency stall, continuation uncertain.

Stock markets: Portugal approves environmental impact assessment for lithium mine. Analysts: Platinum demand will surge this year, market deficit looms. Glencore plans to invest $1.5 billion in expanding copper mine in Peru.

Finance: CNB Governor Michl presented an award for the contribution of financial literacy for the first time today. Analysis: The number of Czechs saving has increased by a third in the last year. Financial crime with the disbursement of EU funds is growing, says the head of European prosecutors. Credit Suisse is to pay almost a billion dollars to the former Georgian prime minister. Survey: 12 percent of Czechs have saved ten times their monthly household income. Three million users have used bank identity for 2.5 years. Biden and McCarthy agree to raise US debt ceiling. Survey: One-fifth of women make independent decisions about household finances and assets. Commerzbank will double its net profit in the quarter thanks to higher interest rates. Bern will help UBS with up to nine billion francs in its problems with Credit Suisse.