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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: Service sales continue to decline, down 5.2 percent year-on-year in the third quarter. The decline in industrial production in Germany has accelerated, according to an analyst, a recession is imminent. Analysts: The foreign trade surplus is more likely due to a faster decline in imports. Inflation in Britain has fallen sharply, with a value of 4.6 percent, it is the lowest in two years. IMF: Germany will probably become the third largest economy this year, dethroning Japan. CSSA: The number of entrepreneurs in the Czech Republic increased by 27,000 this year to a record 1.131 million. In recent years, the Czech National Bank has intervened only under an exchange rate commitment and last year. Imports to China unexpectedly increased in October, while exports fell more significantly. The koruna strengthened by 12 haller in response to the CNB's decision to leave rates unchanged. The Czech National Bank is putting a new five-thousand-crown note into circulation, the old ones remain valid. Survey: Companies want to invest the same amount by the end of the year as at the beginning of the year. The Czech National Bank left the interest rate at seven percent, the crown strengthened significantly. The Czech National Bank has worsened the economic outlook, expecting a decline in GDP this year, weaker growth next year. The Japanese economy fell sharply in the third quarter, the threat of a recession is growing. The inflation rate in Turkey fell for the first time in four months, to 61.4 percent. Analysts: The decrease in unemployment was surprising given the decline in GDP. The Czech National Bank has added two commemorative silver coins to its 2025 plan. The Czech National Bank has improved its estimate of this year's public finance deficit to 3.6 percent of GDP. Le Monde: Cyprus has become a key base for the porn industry due to taxes. Analysts: The reason for the CNB leaving rates unchanged is higher October inflation and a weaker crown. CRIF: 1,067 companies were added to the Czech Republic in October, 172 fewer than in the same period last year.

Stock exchanges: The Czech company Mineral Ventures Invest entered the main market of the London Stock Exchange. The price of gold climbed above $2,000 per troy ounce again.

Finance: Buffett's company more than quadrupled its loss, but increased its operating profit. According to the head of the central bank, the decline in inflation in Poland will slow down. The Hungarian central bank surprisingly lowered the base interest rate to 12.25 percent. J&T Banka completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. Survey: Czechs want to counter inflation by investing in gold or real estate. Hypoindex: The average mortgage rate fell to 6.01 percent in early November. Société Générale has lower revenues and profits for the quarter due to problems in France. Bloomberg: Banks from Thailand and Korea want Home Credit's activities in Vietnam. The Turkish Central Bank has increased the base interest rate to 35 percent. Hypoindex: The average mortgage rate fell to 6.01 percent in early November. The Czech National Bank warned against the company LeadX Group Ltd., which offers investments. Analyst: Commodity prices on the markets have rather fallen this year, the index is in the red by 6.8 percent. Entrepreneurs Tykač and Holeček have established a foundation that will support the CEVRO school. CBA: To send money to some banks, the recipient's phone number is enough. IMF: Rapid easing of monetary policy in the eurozone would be a costly mistake. The net profit of the ČSOB group for three quarters fell by five percent to CZK 13.6 billion. The Banking Association expects a GDP decline of 0.4 percent this year, and growth of 1.8 percent next year. UBS had a loss of USD 785 million for the quarter due to the costs of the Credit Suisse takeover. Moneta Money Bank's net profit fell by 3.7 percent year-on-year to CZK four billion. The six largest banks in the Czech Republic saw profits fall by CZK 1.3 billion year-on-year to CZK 57.1 billion. Turkey raised its base interest rate to 40 percent due to high inflation. Index: Equity mutual funds lost money for investors in October, bonds made money.