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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: The crown strengthened by 12 haller in response to the CNB's decision to keep rates unchanged. The German economy fell by 0.1 percent quarter-on-quarter in the third quarter. Le Monde: Cyprus has become a key base for the porn industry due to taxes. In recent years, the CNB has intervened only under an exchange rate commitment and last year. CRIF: The number of bankruptcies of companies and entrepreneurs increased in the Czech Republic in October. Prague Entrepreneur of the Year: The best marketing is to be your own influencer. CRIF: In October, 1,067 companies were added in the Czech Republic, 172 fewer than in the same period last year. CSSA: The number of entrepreneurs in the Czech Republic increased by 27,000 this year to a record 1.131 million. Analysts: The decrease in unemployment was surprising given the decline in GDP. Singapore to start testing central bank digital currency next year. Survey: Companies want to invest as much as they did at the beginning of the year by the end of the year. The Czech National Bank was concerned about price adjustments due to rising energy prices during rate negotiations. Survey: Almost half of Czechs think inflation is higher now than last year. The Czech National Bank has improved its estimate of this year's public finance deficit to 3.6 percent of GDP. Inflation rose to 8.5 percent in October, but experts say inflationary pressures are weakening. Study: The European middle class has seen a deterioration in its standard of living. The most valuable Czech companies are ČEZ, EPH and Agrofert, according to the Seznam Zpráv ranking. The Czech National Bank has added two commemorative silver coins to its 2025 plan. The Czech National Bank left the interest rate at seven percent, the crown has strengthened significantly. Consumer confidence in the US has fallen to a six-month low. The Czech National Bank is putting a new five-thousand-crown note into circulation, the old ones remain valid.

Stock exchanges: Bloomberg: The fall in the price of lithium is deepening, already reaching 75 percent this year. The price of gold has climbed above $2,000 per troy ounce again. The American company ExxonMobil plans to become the leading producer of lithium.

Finance: Hypomonitor: The volume of mortgages in October increased by 123 percent year-on-year, rates fell. Turkey increased the base interest rate to 40 percent due to high inflation. Hypoindex: The average mortgage rate fell to 6.01 percent in early November. The governor of the Polish central bank Glapiński defends himself against critics of his leadership style. The Polish central bank left interest rates unchanged, a reduction was expected. CBA: To send money to some banks, you only need the recipient's phone number. The net profit of the ČSOB group in three quarters fell by five percent to CZK 13.6 billion. Survey: According to 71 percent of Czech households, Christmas will cost up to CZK 15,000. The Kellner family will merge its assets, including PPF, into the Amalar holding. Moody's lowered the outlook for the US rating to negative due to fiscal deficits. Buffett's company more than quadrupled its loss, but increased its operating profit. Austria's Erste, which owns Česká spořitelna, increased its profit by 40 percent. Hypoindex: The average mortgage rate fell to 6.01 percent in early November. Bloomberg: Banks from Thailand and Korea want Home Credit's activities in Vietnam. J&T Banka has completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. According to the head of the central bank, the decline in inflation in Poland will slow down. Moneta Money Bank's net profit fell by 3.7 percent year-on-year to four billion CZK. The Czech National Bank warned about the company LeadX Group Ltd., which offers investments. Survey: The financial situation of Czech households has improved slightly year-on-year. The Russian Central Bank has raised interest rates more significantly than expected. The Banking Association expects a GDP decline of 0.4 percent this year, growth of 1.8 percent next year.