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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: The Hungarian Central Bank provides monetary policy easing. The British Central Bank has increased the base interest rate by a quarter of a point to 4.50 percent. Supporters of the rate increase in the Czech National Bank argued that the economy is cooling down a little. B&B Profit in the Czech Republic offers the opportunity to invest without a permit, the Czech National Bank said. Jurečka: Ministries are preparing to accelerate the acceptance of forces from abroad, the solution will be this year. MFA: The reduction of money for salaries in the state sphere cannot be generally applied. The Czech economy fell by 0.4 percent in the first quarter. Pavel will consult with the team or the CNB governor about signing the consolidation unit. Media: The head of the French luxury goods company LVMH is preparing to go to China. The Senate wants rules on conflict of interest directly in the Public Procurement Act. The economy will grow by 0.3 percent this year, and will accelerate next year, a survey by the Ministry of Finance showed. Kofola is shocked by the proposal to increase VAT to 21 percent, the director said. Michl: Year-on-year inflation should fall below ten percent within three months. According to scientists, the future of production is artificial intelligence and virtual reality. The US House of Representatives has approved a law that suspends the debt ceiling. CNBC: Companies are increasingly returning production from abroad to places closer to consumers. The S&P agency left Slovakia's rating at A+, but changed the outlook to stable. CNB: Banks' net profit last year fell by CZK 32.3 billion to CZK 102.6 billion. Entrepreneurs elected Zdeněk Zajíček as president of the Chamber of Commerce of the Czech Republic at the parliament. AP: Foreign companies are finding it is not easy to leave Russia. The Czech Republic is entering a wage-inflation spiral, says CNB Bank Board member Holub. IMF slightly improves estimate of this year's growth of the US economy. The Confederation of Employers criticizes adjustments to work agreements or benefits. The Association of Local Governments does not agree with the change in the distribution of tax revenues. The Czech National Bank has fined three million crowns to the loan provider Fair Credit Czech. The G7 finance ministers' meeting will be overshadowed by disputes over the US debt ceiling. The Czech National Bank: Czech households' debts to banks rose to 2.19 trillion crowns in April. Negotiations to avert US insolvency are stalled, the continuation is uncertain. The budget deficit widened to a record 271.4 billion crowns in May. Investors are moving to bonds, experts say they are attracted by high yields. The government package for Moravian-Silesian companies will be increased by up to hundreds of millions of crowns. Media: Central banks and governments coordinated the manipulation of interest rates during the global crisis. The most influential woman in the Czech Republic is Kellnerová, the third is now Pekarová Adamová.

Stock exchanges: Portugal has approved an environmental impact assessment for a lithium mine. Glencore plans to invest 1.5 billion USD in expanding a copper mine in Peru. Fiala: The draft law on corporate transformations is general, it does not concern a specific company. Analysts: Demand for platinum will increase sharply this year, there is a deficit on the market.

Finance: PacWest shares lose 26 percent, the bank announced an outflow of deposits. France has issued an international arrest warrant for the long-time head of the central bank of Lebanon. Index: Most mutual funds made profits for investors in April. According to Reuters sources, the European Commission approves the agreement between UBS and Credit Suisse. Komerční banka's profit rose by 1.4 percent to CZK 3.6 billion in the first quarter. Commerzbank more than doubled its net profit in the quarter thanks to higher interest rates. CNB Governor Michl presented the award for the contribution of financial literacy for the first time today. Survey: One fifth of women make independent decisions about household finances and assets.