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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: Slovaks are the most common foreign owners of Czech companies. Forest collapse threatens state security, according to an expert. FT: Central Europe fears the effects of the German economic slowdown. The Japanese economy has entered a recession, facing the effects of the coronavirus. Economists expect even worse wage developments in the second quarter. Confidence in the economy increased slightly in May after the previous decline. The Slovak economy has fallen the most since the 2009 crisis. The title of Entrepreneurial Head was won by a honey vending machine project. Chamber: Lack of money is starting to cause tension between companies. EIU: Coronavirus will lead to a decline in economic globalization. Japanese companies' profits in the quarter fell the most since 2009. Analysts: Economic development in the second quarter will be even worse. US home sales fall by most in a decade. Japanese retail sales fall by most in more than 20 years. Housing Fund changes name to State Investment Support Fund today. According to the council, the state should send money from the budget to municipalities and regions. Farmers: Vegetable prices will probably remain at current levels. Survey: Czechs are worried about the future due to coronavirus.

Stock markets: The world's deepest mine in South Africa has been closed, 164 workers have been infected. Metal coating will improve the properties of tools from ordinary 3D printers.

Finance: Banks are completing preparations for providing loans from Covid III. The Polish central bank has reduced its base interest rate to almost zero. Investment fund Czegg Ventures will distribute a billion among 30 companies. Czech banks have collected CZK 5.5 billion less in fees since 2010. According to experts, the global economy will not recover until 2022 at the earliest. The Czech National Bank has drawn attention to the activities of ESOS International. Analysts: The downgrade of Société Générale will not threaten KB in any way. The Japanese central bank will provide loans for small and medium-sized businesses. Insurance companies have uncovered fraud worth hundreds of millions of crowns this year. The Czech National Bank of the Czech Republic has so far approved assistance to 1,800 entrepreneurs in COVID programs. The Fed chief warned of a longer-term downturn in the US economy. The Fed chief does not expect a repeat of the crisis from the 1930s. Gerber will replace Pupala at Monetics Savings and Mortgage Bank. EAG will issue bonds for CZK 1.5 billion. The money will be used for acquisitions. Peter Hlaváč has become the CEO of the DRFG investment group. The number of corporate bankruptcies in Germany could increase by 54 percent. Fio banka's profit increased by 28 percent this year to CZK 376 million. Raiffeisenbank's net profit fell by nine percent to CZK 808 million. ČNB: New mortgages fell by a billion in April, the crisis did not manifest itself. Fed: Coronavirus has deprived people with lower incomes of their jobs. The World Bank has already provided coronavirus assistance in 100 countries. Most banks have not yet signed the COVID III cooperation agreement. Fed chief: A vaccine will probably be necessary for the economy to fully recover. ČSOB's net profit fell by 56 percent this year to CZK 2.1 billion. Survey: Most Europeans shopped more online in April.