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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: Economist: A fifth of treatment costs in the Czech Republic go to heart and blood vessel diseases. Chains react to VAT changes with actions, according to an analyst, it is mainly marketing. Inflation in Britain has fallen sharply, with a value of 4.6 percent, it is the lowest in two years. Study: The European middle class has seen a deterioration in living standards. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. Bloomberg: According to analysts, the eurozone economy will enter a recession. The German economy fell by 0.1 percent quarter-on-quarter in the third quarter. CNB: Czech household debts to banks rose to CZK 2.24 trillion in October. Singapore will start testing the central bank's digital currency next year. Study: People underestimate wealth inequalities between the rich and the poor. Analysts: The impact of economic stagnation on unemployment is minimal. The inflation rate in Hungary fell below ten percent in October for the first time since last spring. According to analysts, inflationary pressures in the Czech Republic are clearly weakening. Analysis: Budget expenditures for 2024, when adjusted for inflation, correspond to 2019. CSSA: The number of entrepreneurs in the Czech Republic increased by 27,000 this year to a record 1.131 million. Analysts expect year-on-year inflation to slow to seven percent in November. Analysts: The construction market cannot be expected to recover, it will fall even further this year. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. China recorded a foreign investment deficit for the first time since 1998. The economic downturn in the third quarter was more pronounced than the Czech National Bank expected. CNB: The balance of payments ended the 3rd quarter with a surplus of CZK 4.6 billion. The Czech Republic is the sick man of Europe, it is trapped in mediocrity, wrote the daily Die Welt. During the negotiations on rates, the CNB was concerned about price adjustments due to rising energy prices. The price of Russian Urals oil fell in November, but remained above the price ceiling.

Stock exchanges: The price of emission allowances in the EU fell below 72 euros per ton due to the slowdown in industry. The price of gold rose to a six-month high near $2,020 per ounce. The price of gold climbed to a record after the speech of Fed Chairman Powell. The price of gold temporarily rose to a record, exceeding $2,100 per troy ounce.

Finance: Over 400,000 people activated the contactless payment service in one month. ČBA: To send money to some banks, the recipient's phone number is enough. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts. Turkey has increased the base interest rate to 40 percent due to high inflation. J&T Banka has completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. From today, only platforms with a license from the Czech National Bank can offer investment crowdfunding. Banks have started to reduce mortgage rates, Moneta, KB and Raiffeisenbank have announced a decrease. The governor of the Polish central bank Glapiński defends himself against critics of his management style. The Kellner family will incorporate its assets, including PPF, into the Amalar holding. Index: Mutual funds made significant profits for investors in November. The ECB is imposing stricter requirements on the French Société Générale due to risk. Raiffeisenbank analysts: The Czech Republic's GDP will grow by 1.7 percent next year. Bloomberg: SpaceX offered more shares, the company's value exceeds 175 billion USD. Retail investors invest significantly more in ETFs than institutions, a survey found. Hypomonitor: The volume of mortgages in October increased by 123 percent year-on-year, rates fell. Bloomberg: Billionaire Vítek founded companies in the emirate of Abu Dhabi. The head of the German central bank warned against hasty interest rate cuts.