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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: Sokolovská uhelná considers the tax on extraordinary profits unfair. The inflation rate in the US surprisingly fell to 7.7 percent in October. Analysts: The situation on the labor market is worsening, unemployment will slowly increase. The Czech Republic enters 2023 with a presidential election, people will go to the polls again in a year. The budget had a deficit of 360.4 billion CZK, the state debt increased to 2.895 trillion. The Czech National Bank spent 79 million euros on interventions in October, the least in the intervention period. Study: Three times more sole proprietors closed their businesses in November than usual. The Turkish Central Bank cut interest rates to nine percent despite high inflation. Survey: German companies plan to expand activities in Africa next year. Analysis: Real wages in the Czech Republic are falling the most among OECD countries since the state was founded. Analysts criticize the government for not reforming public finances in its first year. The European Commission has approved the Czech government's aid to companies affected by rising energy prices. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. The Chamber of Commerce has published a yearbook for the Karlovy Vary region, mapping its condition. The Czech National Bank has left the limits for providing mortgages unchanged. According to Reuters, Greece has repaid its loan from the eurozone early for the first time. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. Study: Czech companies will invest CZK 61 billion in digitalization in three years. The Australian central bank has raised interest rates to a ten-year high of 3.10 percent. The company of the year 2022 is Biohealing, a self-employed farmer Jan Bošina. Survey: Almost half of Poles intend to limit spending on Christmas gifts this year. The Ministry of Finance and the Czech National Bank recommend that the government not set a date for adopting the euro yet. Lasselsberger will sell 27 million m2 of ceramic tiles this year, less than last year. Economists: The Eurozone faces a significant economic recession, recovery will be slow. The Polish central bank left the base interest rate at 6.75 percent. The New Zealand central bank increased the base interest rate, warned of a recession. Fiala: The combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. Analysts: The Czech economy is in imbalance, but there is no threat of a currency crisis. Confidence in the economy increased slightly in November, entrepreneurs remain pessimistic Special instructions: In paragraphs 1, 4 and 5 we have added analysts' opinions, in paragraphs 6 to 9 we have additional information from the survey.

Stock exchanges: EBRD and the Netherlands will provide 372 million euros to the Ukrainian company Ukrenergo. Kovohutě Příbram wants to use photovoltaics and light heating oils. The price of gold has risen to a six-month high. Vietnamese electric car manufacturer VinFast has applied for listing on the US stock exchange. Analyst: Gas and coal have risen in price by tens of percent this year, precious metals have fallen in price. 2023 will be a difficult year for investing, analysts recommend bonds or gold.

Finance: Survey: Czechs are keeping less and less cash at home. Komerční banka shareholders approved a dividend of CZK 55.50 per share before taxes. US regulators issued a joint warning to banks about the risks of cryptocurrencies. Audit firm Mazars suspended cooperation with clients from the crypto world. US cryptocurrency firm BlockFi filed for bankruptcy protection. CNBC: SpaceX to raise USD 750 million from investors. McLaren sells part of its collection of vintage cars to raise money for new supercar Arturo. Trial begins in Germany against the head of the bankrupt financial company Wirecard. 136,000 people joined supplementary pension savings this year, reaching 1.6 million. Home Credit sells assets in the Philippines and Indonesia for almost CZK 15 billion.