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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: IMF economist calls on governments to provide targeted support to economies. Dlouhý: Companies could lose tens of billions of CZK due to coronavirus. Companies in the Zlín region are registering quarantines, but it has no impact on operations. The number of corporate bankruptcies in Germany was the lowest in 20 years last year. Czechoslovak Group can buy Skyport, the Office for the Protection of Consumer Rights has approved it. According to economists, the decline of the Czech economy is practically certain this year. Israel is counting on ten billion shekels to help the economy. Construction grew year-on-year in January, while industry fell. Minister: Russia could lose three trillion rubles due to cheap oil. Analysts: Inflation will remain high, but then it will fall faster. The ministry has published supply conditions for respirator manufacturers. Industrial companies are suspending investments due to coronavirus. US production prices have fallen the most in five years. J&T and EPH will give 215 million CZK to fight the virus in the Czech Republic and Slovakia. Cross-border mergers of companies in the Czech Republic are increasing, there were 48 last year. HK proposes interest-free loans to companies from as little as 50,000 CZK. Analysts: Retailers' sales in January were solid, a decline is expected. Year-on-year inflation is estimated to have increased in February. Survey: Measures against coronavirus have affected four-fifths of companies. The average wage has increased to 36,144 CZK, but the pressure on growth is easing. The Japanese economy declined at a rate of 7.1 percent at the end of the year. The Czech National Bank does not rule out a rate cut due to coronavirus, the infection will affect GDP. Agricultural profit last year was 17.5 billion CZK, production was record high.

Stock markets: The Russian Central Bank is preparing an intervention to support the currency. Traders are seeing a sharp increase in interest in investment gold. The Russian Central Bank is preparing an intervention to support the currency. Oil, stocks and gold have fallen sharply despite the efforts of central banks. Gold has risen above $1,700, the most expensive since 2012.

Finance: Lufthansa and Norwegian Air are hoping for state aid. Banks will allow loan repayments to be deferred for clients affected by the coronavirus. The deputy head of the IMF will be American Geoffrey Okamoto. Moneta will not pay the second part of dividends due to the coronavirus. According to economists, the Czech National Bank sent a clear signal today to support the economy. Italy's Generali achieved a record profit, confirmed its goals. The Norwegian Central Bank cut interest rates due to the coronavirus. Non-bank register: Corporate debt increased by 26.6 billion CZK year-on-year. The crown weakened above 27 CZK/EUR after measures against coronavirus. China reduces banks' mandatory reserves, thus freeing up 550 billion yuan. Czech forests lost about one billion last year, they started using credit. According to the governor of the Czech National Bank, Rusnok, there will be a sharp slowdown in the economy. Banks will allow clients affected by coronavirus to postpone loan repayments. Banker Holub: The weakening of the crown has already relaxed monetary conditions. The Polish central bank has reduced interest rates due to coronavirus. CRIF: Total debt of the Czech population increased by 5.8 percent to 2.45 trillion. Global Payments: People now pay by card in e-shops by five percent more.