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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: KFC and McDonald's in the Czech Republic increased their prices this year, cheeseburger price increased by a fifth. OECD: Global slowdown will hit Europe hardest next year. World Bank President: Help with energy bills for everyone is too expensive. Inflation in the eurozone was again a record in October, rising to 10.7 percent. The Polish central bank left the base interest rate at 6.75 percent. The Chamber of Deputies approved the budget for next year with a deficit of 295 billion crowns. The New Zealand central bank increased the base interest rate, warned of a recession. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. Putin should have come to confront us, Sunak told G20 leaders. According to Schillerová, the actual deficit of Stanjur's budget is CZK 470 billion. The Czech National Bank has worsened its estimate of the development of the Czech economy, predicting inflation of 15.8 percent. Construction is declining, trade remains in deficit, industry is growing only thanks to a weak last year. The Confederation of German Industry has called for a postponement of global corporate taxation for a year. Unions consider the new tax an open attack on mining and energy companies. The Washington Post: Labor productivity in the US has fallen and no one knows exactly why. Coface: Global economic growth should fall below two percent next year. The Chamber of Commerce has published a yearbook for the Karlovy Vary region, mapping its condition. World Bank President: Help with energy bills for everyone is too expensive. Survey: One in four Europeans say their financial situation is uncertain. 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 added additional information from the survey. The Indian central bank raised the base interest rate to 6.25 percent, worsened the outlook. The Australian central bank raised interest rates to a ten-year high of 3.10 percent. Chinese imports and exports fell the most in two and a half years in November. Agricultural union: The crisis needs to be addressed even at the cost of high deficits. The inflation rate in the US surprisingly fell to 7.7 percent in October. Britain raised the base interest rate by 0.75 percentage points, the highest in 33 years. Pirates will not propose a tax on unexpected profits for this year. Economists: The Eurozone faces a significant economic recession, recovery will be slow. The Czech National Bank left the limits for providing mortgages unchanged. Study: In October, the number of corporate bankruptcies fell, while business bankruptcies rose. Lasselsberger will sell 27 million m2 of ceramic tiles this year, less than last year.

Stock exchanges: Analyst: Gas and oil prices have increased by tens of percent this year, precious metals have become cheaper. Germany has called for the suspension of the development of deep-sea mining due to environmental concerns. Analyst: Gas and coal prices have increased by tens of percent this year, precious metals have become cheaper. Kovohutě Příbram wants to use photovoltaics and light heating oils.

Finance: The administrator of Sberbank signed a contract on the sale of loans, ČS offered CZK 41.1 billion. HN: The renamed company Fair Credit has filed for insolvency. Credit Suisse bank plunges into loss, will increase capital by four billion CHF. Česká spořitelna and Komerční banka reported significant profit growth in three quarters. Buffett's Berkshire increased its stakes in five Japanese trading companies. Servers: Xixoio management faces suspicion of fraud, damage is half a billion crowns. Banks: The share of problematic bank loans in the Czech Republic stopped falling in September. 136,000 people joined supplementary pension savings this year, to 1.6 million. The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million.