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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: Bisnode: The number of unreliable VAT payers in the quarter increased at the lowest rate in seven years. Analysts: Inflation will continue to rise in the coming months. Year-on-year inflation in February is expected to have increased slightly, according to estimates. Union: Ensuring mandatory testing will be challenging for small businesses. Britain is considering its own digital currency, which could be called britcoin. The number of exchange offices in the Czech Republic decreased again last year, and there were also fewer client complaints. The Moser glassworks is again producing film globes, has a new store and exhibition. The Ministry of Finance sold bonds for CZK 12.2 billion today as planned, and interest was greater. The economic decline in the first quarter was milder than the CNB estimated in its forecast. Economists: The pandemic has deprived the economy of hundreds of billions of crowns. CNB Governor Rusnok is not afraid that the Czech Republic will be hit by an inflationary shock. Dina-Hitex: Resumption of mask production was an ethical obligation. Household debts to banks increased by CZK 13 billion in April, and to companies by CZK 5.5 billion.

Stock exchanges: Russia discovered one of the three largest reserves of precious metals in the world. The price of gold fell below $1,800 per ounce in response to the Fed meeting. Another investor will enter the manganese mining project near Chvaletic. Interest in American gold and silver coins increased sharply last year. Diamond producer Alrosa's profit fell by 49 percent last year. Russian gold miner Nordgold plans to enter the stock exchanges in Moscow and London. What is apparently the third largest diamond in the world was mined in Botswana. China has increased quotas for mining precious metals to a record high. Retail investors have moved from GameStop shares to silver. The price of gold fell below $1,700 per ounce for the first time since June.

Finance: The Partners Group has filed an application for a banking license with the Czech National Bank. The volume of housing loans amounted to CZK 29 billion in April, the second highest. Commodity funds earned the most in January, bond investors lost. Minister: Russia will remove dollar assets from its state investment fund. The Turkish central bank raised the interest rate to 19 percent. Israeli brokerage eToro will enter the US stock exchange. The four largest banks in the Czech Republic lost CZK 1 billion in profits in the 1st quarter. Indian digital payment provider Paytm is preparing a record share offering. The EU has launched a plan to sell bonds with which it wants to overcome the effects of the pandemic. Swiss bank USB is considering offering clients cryptocurrency investments. The Norwegian government wants to ensure that banks continue to provide cash services. Czech companies' deposits exceeded loans by CZK 99 billion in February. PPF Group wants to negotiate with Moneta for the second time about merging with Air Bank. Developer Sekyra Group is offering bonds for up to half a billion crowns. Moody's has confirmed the Czech Republic's rating despite rising debt. According to the Czech National Bank's stress tests, the banking sector is resilient even after the pandemic. Analysts: Gold and silver have become cheaper this year, while platinum, copper and oil have become more expensive. Index: The average mortgage rate returned above two percent in May. France will close almost 40 percent of cash handling centers. Gold rose to its highest price this year today, rising by five percent in a month. The Hungarian central bank has increased its base interest rate, the first in the EU since the pandemic. ECB: Eurozone residents stocked up on cash during pandemic.