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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: Fiala: A combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. Survey: Almost half of Poles intend to limit spending on Christmas gifts this year. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. Central banks bought a record 399 tons of gold in the quarter. The Chinese economy accelerated its growth rate to 3.9 percent in the third quarter. The Czech National Bank worsened its estimate of the development of the Czech economy, predicting inflation at 15.8 percent. Confidence in the Czech economy fell below 90 points for the first time since last March. Pirates will not propose a windfall tax for this year. According to Schillerová, the actual deficit in Stanjur's budget is 470 billion CZK. Prime Minister: EC will not allow unilateral preferential treatment of German industry. World Bank President: Help with energy bills for everyone is too expensive. The European Commission has approved the Czech government's aid to companies affected by rising energy prices. Coface: Global economic growth should fall below two percent next year. The Norwegian central bank has raised the base interest rate again, the highest since 2009. Construction is declining, trade remains in deficit, industry is growing only thanks to a weak last year. Unemployment in Slovakia has fallen to a more than two-year low of 5.90 percent. Analysis: Real wages in the Czech Republic are falling the most among OECD countries, even since the founding of the state. The Chamber of Deputies has approved the budget for next year with a deficit of 295 billion crowns. Unemployment in the Czech Republic remained at 3.5 percent in October, and will probably rise in the coming months. Inflation in the eurozone was a record high again in October, rising to 10.7 percent. The Turkish central bank cut interest rates to nine percent despite high inflation. Putin should have come to confront us, Sunak told G20 leaders. OECD: The global slowdown will hit Europe hardest next year. The Chinese economy has returned to growth, but concerns are being raised about further government steps. Michl: The base interest rate is already at a level that dampens economic activity. Economists: The budget deficit will be significantly above CZK 300 billion next year. KFC and McDonald's in the Czech Republic increased prices this year, with a cheeseburger becoming more expensive by a fifth. Agricultural Union: The crisis needs to be resolved even at the cost of high deficits. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. The Polish central bank left the base interest rate at 6.75 percent.

Stock exchanges: EBRD and the Netherlands will provide 372 million euros to the Ukrainian company Ukrenergo. Germany has called for a halt to the development of deep-sea mining due to environmental concerns. France wants to open one of the largest lithium mines in Europe by 2027. Saker, a metal processing company, saw significant growth in sales and profits last year.

Finance: Sberbank's administrator will negotiate the sale of loans exclusively with Česká spořitelna. HN: The renamed company Fair Credit has filed for insolvency. Česká spořitelna and Komerční banka have reported significant profit growth in three quarters. The British government will cancel almost all planned tax cuts that have worried the markets. MF: European parliamentarians have approved the final version of the regulation on the regulation of cryptocurrencies. This year, 136,000 people have joined supplementary pension savings to 1.6 million. MF: MEPs have confirmed the final version of the regulation on the regulation of cryptocurrencies. Home Credit is selling assets in the Philippines and Indonesia for almost 15 billion CZK. Sberbank administrator signed a loan sale agreement, ČS offered 41.1 billion CZK. Hungary is close to billions from the EU budget, according to the minister, it has complied with Brussels. Komerční banka shareholders approved a dividend of 55.50 CZK per share before tax.