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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: Pelhřimov brush factories will launch more products by designer Novague. OECD: Global economy will fall by six percent this year due to the virus. Analysts: April was critical for foreign trade, recovery will come. Slovak Central Bank expects double-digit economic decline. Institute: Tax Freedom Day will be later this year in all countries. British economy has fallen the most since 1979 due to coronavirus. Survey: Financial chiefs in the region are more optimistic than the OECD. Rhodium: Foreign capital is increasingly interested in Chinese companies. Capital in the registered capital of domestic companies is the lowest since 2013. The Ministry of Finance will need CZK 730.6 billion this year to finance debt. Roger: Companies pay on average 20 days later than a year ago. Of the eight million people infected with coronavirus, one million were added in a week. Budget Council: Public finances are unsustainable in the long term. NBER: The US economy entered a recession in February. Survey: A quarter of companies in the Czech Republic plan to robotize in the coming years. Record decline in industry, trade balance lowest since joining the EU.

Stock exchanges: Krúpa and partners offer to buy back 29.9 percent of EMH shares. Lead and battery producers helped by new customers during the pandemic. HN: Kellner's PPF sold part of the shares of the Russian miner Polymetal.

Finance: The Russian Central Bank has cut the interest rate to a record low. The German payment company Wirecard is 1.9 billion euros short. The Czech National Bank has lifted another limit on mortgages, according to it, banks are resilient. CITIC Group will strengthen its position in Chinese investment banking. Survey: Economic elite does not expect a rapid economic recovery. Decree increases healthcare costs to 354 billion crowns. Survey: Czechs' financial literacy is average within the OECD. SB: The world economy will fall by 5.2 percent this year due to coronavirus. Wirecard's collapse blocked the cards of 40,000 Czech Twist clients. EIB: Banks in Central Europe will face an increase in bad loans. IMF further worsened the economic outlook, expecting a decline of 4.9 percent. MF survey: 90 percent of households have an account, knowledge of APR is low. Household debts with banks rose to 1.784 trillion CZK in May. RSJ Group decided to enter Pillow insurance company with capital. BNP Paribas Cardif Insurance Company's Net Profit Increased by 6% Last Year. US Banking Agencies Will Ease Volcker Rule. Wirecard Collapse Has Blocked Cards of Tens of Thousands of Czechs. Reuters: HSBC Returns to Plan to Cut 35,000 Jobs. Court Appoints Wirecard's Insolvency Administrator. Gold Surpasses Eight-Year High, Up 16% This Year. Coface: Czech Economy Will Shrink 6.2% This Year. Non-Banking Register: Corporate Debt Increased by 16% Year-on-Year. TransferWise Is Now Allowed to Offer Investment Services in Britain. According to Analysts, the Czech National Bank Board Will Leave Rates Unchanged on Wednesday. According to the Czech National Bank, Companies Drawn CZK 7.4 Billion from COVID Programs as of June 12. Broker Consulting Received an Investment Company License from the Czech National Bank.