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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: IMF mission: Czech economy to shrink by around half a percent next year. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. The Chamber of Deputies approved the budget for next year with a deficit of 295 billion CZK. The Slovak government has proposed a special tax on excess income of electricity producers. Economists: The Eurozone is facing a significant economic recession, recovery will be slow. Putin should have come to confront us, Sunak told G20 leaders. Prime Minister: The EC will not allow unilateral favoritism of German industry. Chinese imports and exports fell by the most in two and a half years in November. Activity in the US manufacturing sector fell for the first time in two and a half years. The Czech National Bank worsened its estimate of the development of the Czech economy, predicting inflation at 15.8 percent. Analysts: Czech economy is in imbalance, but currency crisis is not imminent. The Ministry of Finance and the Czech National Bank recommend that the government not set a date for adopting the euro yet. Central banks bought a record 399 tons of gold in the quarter. Sokolovská uhelná considers the tax on extraordinary profits unfair. Unemployment in the Czech Republic remained at 3.5 percent in October, and will probably grow in the coming months. Inflation in the eurozone was again a record in October, rising to 10.7 percent. Nomura: The Czech Republic, Hungary and Romania face the risk of a currency crisis. Study: The number of corporate bankruptcies fell in October, while business bankruptcies rose. The Indian central bank raised the base interest rate to 6.25 percent, worsening the outlook. KFC and McDonald's in the Czech Republic increased their prices this year, with a cheeseburger becoming more expensive by a fifth. Survey: Almost half of Poles intend to cut spending on Christmas gifts this year. Bloomberg: Falling property prices in Sweden may deepen economic crisis. Atomico: The value of European technology companies has fallen by $400 billion this year. The Norwegian central bank has raised the base interest rate again, the highest since 2009. The inflation rate in the US surprisingly fell to 7.7 percent in October. The Polish central bank has left the base interest rate at 6.75 percent. Analysis: Real wages in the Czech Republic are falling the most among OECD countries, even since the founding of the state. The Cuban government is looking for a solution to its energy crisis in Turkey, China and Russia. Construction is declining, trade remains in deficit, industry is growing only thanks to a weak last year. According to analysts, the Czech economy is entering a recession. The Czech National Bank has left the limits for providing mortgages unchanged.

Stock exchanges: Traders: Czechs are selling their savings in precious metals more often. EBRD and the Netherlands will provide 372 million euros to the Ukrainian company Ukrenergo. Saker, a metal processing company, saw significant sales and profits increase last year. Analyst: Gas and oil prices have risen by tens of percent this year, precious metals have become cheaper. Germany has called for a halt to the development of deep-sea mining due to environmental concerns.

Finance: Hungary is approaching billions from the EU budget, according to the minister, it has complied with Brussels. Cryptocurrency lending company Nexo will end its activities in the US. Survey: Czechs are keeping less and less cash at home. Home Credit is selling assets in the Philippines and Indonesia for almost 15 billion CZK. Komerční banka shareholders approved a dividend of CZK 55.50 per share before tax. The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million. Banks: The share of problematic bank loans in the Czech Republic stopped falling in September. Buffett's company Berkshire bought a stake in Taiwanese chip manufacturer TSMC. The financial services sector in Britain is facing the biggest changes in more than 30 years.