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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: Study: Three times more sole proprietors closed their businesses in November than usual. The Swiss Central Bank reported a record loss of 132 billion francs. The Chamber of Deputies approved the budget for next year with a deficit of 295 billion crowns. EY: American companies dominate the stock market despite losses by technology companies. Study: Czech companies will invest 61 billion CZK in digitalization in three years. The Chamber of Commerce has published a yearbook for the Karlovy Vary region, mapping its condition. The IMF does not expect the global economic outlook to worsen, the fund's head said. Analysts: The November decline in construction production does not indicate a crisis in the sector. Industry and construction slowed down in November, foreign trade remains in deficit. Analysis: Real wages in the Czech Republic are falling the most among OECD countries and since the founding of the state. Sokolovská uhelná considers the tax on extraordinary profits unfair. The budget had a deficit of 360.4 billion CZK, the state debt increased to 2.895 trillion. Study: The number of corporate and business bankruptcies increased in November. According to the Governor of the Czech National Bank, Michl, the Czech Republic expects a year of significant inflation reduction this year. According to Reuters, Greece has repaid its loan from the eurozone early for the first time. The Ministry of Finance and the Czech National Bank recommend that the government not set a date for adopting the euro yet. The Czech National Bank spent 79 million euros on interventions in October, the least in the intervention period. Economists from the Goldman Sachs bank have improved the outlook for the eurozone, they no longer expect a recession. Survey: German companies expect only a slight recession in the German economy. 30 people were indicted in the case of fraud at ČKD Praha DIZ for 438 million. Lasselsberger will sell 27 million m2 of ceramic tiles this year, less than last year. The Australian central bank raised interest rates to a ten-year high of 3.10 percent. Survey: German companies plan to expand activities in Africa next year. The EBRD invested a record 13.1 billion euros last year, part of which goes to Ukraine. The first coins with the portrait of King Charles III are being put into circulation in Britain. The Slovak government has proposed a special tax on excess income of electricity producers. After two years, the government agenda was not dominated by Covid, it was determined by the Russian invasion. Deloitte: The Czech Republic is facing a recession due to the energy crisis, GDP will fall by 1.1 percent.

Stock exchanges: NWT's creditors have reported claims for almost 1.682 billion crowns. Bloomberg: India is the main driver of the steel industry thanks to construction. Bloomberg: Tesla is preparing to conclude a preliminary agreement to build a plant in Indonesia. Kovohutě Příbram has built a pilot line for recycling lithium batteries. Vietnamese electric car manufacturer VinFast has filed for listing on the US stock exchange. Sweden's LKAB has found the largest known deposit of rare earth metals in Europe. Analysts: Gas price cap may worsen the energy crisis.

Finance: US regulators have issued a joint warning to banks about the risks of cryptocurrencies. The financial services sector in Britain is facing the biggest changes in more than 30 years. Analyst: Oil and gas prices have increased this year, industrial metals have generally become cheaper. 136,000 people have joined supplementary pension savings this year, to 1.6 million. US authority has extended Sberbank CZ's exemption from sanctions, sales can continue. ČSOB: Banks provided mortgages worth CZK 163 billion last year, 40 percent of the volume in 2021. Bloomberg: Goldman Sachs intends to lay off about 3,200 employees. Audit firm Mazars has suspended cooperation with clients from the crypto world. Banks: The share of problematic bank loans to households has further decreased. New York State charges the founder of crypto-loan company Celsius with fraud.