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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: The global economy has shifted from liberalism to greater state intervention. Investor survey: 52 percent of people in the region believe that lithium mining can benefit. TPA: The number of mergers and acquisitions in the Czech Republic and their volume in the third quarter increased year-on-year. Analysts: Concerns about economic developments are reflected in the decline in retail sales. The inflation rate in Turkey fell for the first time in four months, to 61.4 percent. Bloomberg: CEO departures from companies in the US are at a record high this year. The Czech National Bank improved its estimate of this year's public finance deficit to 3.6 percent of GDP. Unemployment in the Czech Republic remained at 3.6 percent in September, the weak economy is not showing. Association of research organizations disagrees with cuts to applied research. E15: Czech National Bank to cut 75 jobs out of 1,516 due to savings. Sales in services continue to decline, down 5.2 percent year-on-year in Q3. The decline in industrial production in Germany has accelerated, according to analysts, a recession is imminent. Imports to China unexpectedly increased in October, while exports fell more significantly. Survey: Companies want to invest by the end of the year as much as at the beginning of the year. CNB worsens economic outlook, expects GDP to decline this year, weaker growth next year. ECB head: Inflation in the eurozone will return to the two-percent target in 2025. Analysts: CNB's decision to keep rates unchanged is due to higher October inflation and a weaker koruna. Study: 869 companies added in the Czech Republic in September, the second lowest number this year. The koruna strengthened by 12 haler in response to the CNB's decision to keep rates unchanged. Inflation in Slovakia slowed to 8.2 percent in September, the lowest since last year.

Stock exchanges: The CNB more than doubled the volume of its gold reserves in the first three quarters. The second largest American producer of synthetic diamonds went bankrupt. The price of gas in Europe reached its highest level since February, rising by 45 percent in a week. The price of gas for the European market continues to rise, climbing to 50 euros per MWh.

Finance: Index: The average Czech investor in funds earned 5.1 percent by the end of September. IMF: Approximately five percent of banks may have problems in the event of an economic downturn. The European Investment Bank will provide a loan of 24 billion CZK for the development of Czech railways. Buffett's company more than quadrupled its loss, but increased its operating profit. China recorded a quarterly outflow of foreign direct investment. Italian banking group UniCredit increased its profit by 36 percent in the third quarter. Benchmark: The volume of corporate bonds rose in July, but yields fell. Hypoindex: The average mortgage rate fell to 6.01 percent in early November. The Czech National Bank warned about 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. The Hungarian central bank surprisingly reduced the base interest rate to 12.25 percent. Russia's largest bank Sberbank had another record profit in the third quarter. Bloomberg: Banks from Thailand and Korea want Home Credit's activities in Vietnam. The Russian central bank raised interest rates more significantly than expected. Crowdfunding platforms have one month left to obtain a license from the Czech National Bank. Study: Developers pay for projects in addition to their own capital most often from loans. Moneta Money Bank's net profit fell by 3.7 percent year-on-year to four billion CZK. Raiffeisenbank's net profit fell by 27.5 percent this year to 3.96 billion CZK. PPF Group had a net profit of 17.4 billion CZK in the first half of the year, compared to last year's loss of 9.8 billion. Bank of America increased its quarterly profit by a tenth, but Goldman Sachs' profit fell. Hypomonitor: The volume of mortgages in September rose by 90 percent year-on-year, rates fell.