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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: US inflation rate surprisingly fell to 7.7 percent in October. Australia's central bank raised interest rates to a ten-year high of 3.10 percent. Central banks bought a record 399 tons of gold in the quarter. IMF mission: Czech economy to shrink by about half a percent next year. Atomico: The value of European technology companies has fallen by $400 billion this year. The House of Representatives approved the budget for next year with a deficit of 295 billion crowns. According to analysts, the Czech economy is entering a recession. Shell is not paying tax on extraordinary profits in Britain yet, it will legally avoid it. Analysts: This year's foreign trade deficit could exceed 200 billion CZK. Nomura: Czech Republic, Hungary and Romania face the risk of a currency crisis. Trade unions consider the new tax an open attack on mining and energy companies. Construction is declining, trade remains in deficit, industry is growing only thanks to a weak last year. Fiala: A combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. The Czech National Bank left the limits for providing mortgages unchanged. According to Schillerová, the actual deficit of Stanjur's budget is CZK 470 billion. KFC and McDonald's in the Czech Republic have increased their prices this year, with a cheeseburger increasing in price by a fifth. World Bank President: Help with energy bills for everyone is too expensive. Analysts: The situation on the labor market is worsening, unemployment will slowly increase. Analysis: Real wages in the Czech Republic are falling the most among OECD countries, even since the founding of the state. Inflation in the eurozone was again a record in October, rising to 10.7 percent. The Chamber of Commerce has published a yearbook for the Karlovy Vary Region, mapping its condition. Study: Czech companies invest CZK 61 billion in digitalization in three years. The Norwegian central bank has raised the base interest rate again, the highest since 2009. The Indian central bank has raised the base interest rate to 6.25 percent, worsening the outlook. As expected, the Czech National Bank has left the base rate at seven percent. Analysts: The Czech economy is in imbalance, but there is no threat of a currency crisis. The Turkish central bank has cut interest rates to nine percent despite high inflation. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. The Polish central bank has left the base interest rate at 6.75 percent. Lasselsberger will sell 27 million m2 of ceramic tiles this year, i.e. less than last year. Activity in the US manufacturing sector has fallen for the first time in two and a half years.

Stock exchanges: Vietnamese electric car manufacturer VinFast has filed for an IPO in the US. Russian aluminum producer Rusal has added business contracts for next year. EBRD and the Netherlands will provide 372 million euros to Ukrainian company Ukrenergo. Analyst: Gas and coal prices have increased by tens of percent this year, precious metals have become cheaper.

Finance: 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. Credit Suisse bank plunged into losses, will increase capital by four billion CHF. Trial begins in Germany with the head of the bankrupt financial company Wirecard. Cryptocurrency lending company Nexo will end its activities in the US. Česká spořitelna and Komerční banka reported significant profit growth in three quarters. Buffett's Berkshire bought a stake in Taiwanese chipmaker TSMC. Société Générale's quarterly profit fell but beat expectations. Sberbank administrator signs loan sale agreement, ČS offered CZK 41.1 billion.