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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: The Chinese economy has returned to growth, but further government steps are causing concern. Michl: The base interest rate is already at a level that is dampening economic activity. The Australian central bank raised interest rates to a ten-year high of 3.10 percent. Putin should have come to confront us, Sunak told G20 leaders. World Bank President: Help with energy bills for everyone is too expensive. Study: The number of corporate bankruptcies fell in October, while business bankruptcies rose. World Bank President: Help with energy bills for everyone is too expensive. The Ministry of Finance and the Czech National Bank recommend that the government not set a date for adopting the euro yet. Fiala: A combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. Inflation in the eurozone was again at a record high in October, rising to 10.7 percent. The Cuban government is looking to Turkey, China and Russia for a solution to its energy crisis. Unemployment in Slovakia has fallen to a more than two-year low of 5.90 percent. Chinese imports and exports fell by the most in two and a half years in November. The inflation rate in the US surprisingly fell to 7.7 percent in October. Britain raised its base interest rate by 0.75 percentage points, the most in 33 years. IMF mission: The Czech economy will fall by about half a percent next year. Survey: One in four Europeans say their financial situation is uncertain. Activity in the US manufacturing sector has fallen for the first time in two and a half years. Survey: Almost half of Poles intend to limit spending on Christmas gifts this year. The New Zealand central bank has raised its base interest rate, warned of a recession. The Czech National Bank, as expected, left its base rate at seven percent. The Washington Post: Labor productivity in the US has fallen and no one knows exactly why. Coface: World economic growth is expected to fall below two percent next year. The European Commission has approved Czech government aid to companies affected by rising energy prices. OECD: The global slowdown will hit Europe hardest next year. Construction is declining, trade remains in deficit, industry is growing only thanks to a weak last year. Unions consider the new tax an open attack on mining and energy companies. Agricultural Union: The crisis needs to be addressed even at the cost of high deficits. The Polish central bank has left the base interest rate at 6.75 percent. According to Schillerová, the actual deficit of Stanjur's budget is 470 billion CZK. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. The government has approved an increase in funding for film incentives to 1.4 billion CZK.

Stock exchanges: Kovohutě Příbram wants to use photovoltaics and light heating oils. Saker, a company that processes metals, saw significant growth in sales and profits last year. The price of gas for the European market fell below 100 euros per MWh for the first time since June. Analyst: Gas and coal have risen in price by tens of percent this year, while precious metals have fallen in price.

Finance: The American cryptocurrency company BlockFi has filed for bankruptcy protection. Česká spořitelna and Komerční banka have reported significant profit growth in three quarters. 136,000 people have joined supplementary pension savings this year, to 1.6 million. Hungary is close to billions from the EU budget, according to the minister, it has complied with Brussels. The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million. HN: The renamed company Fair Credit has filed for insolvency. Credit Suisse bank has fallen into losses, will increase its capital by four billion CHF. Cryptocurrency lending company Nexo will end its activities in the USA. Buffett's company Berkshire increased its stakes in five Japanese trading companies.