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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: Truss defended the economic plan that caused the British pound to weaken sharply. According to the head of German employers, the crisis will not be overcome without state intervention. Prime Minister: The EC will not allow unilateral preferential treatment of German industry. Inflation exceeded market expectations, according to analysts it is close to the peak. Inflation increased to 18 percent in September, according to the Czech National Bank and analysts it is close to the peak. Three Americans have won the Nobel Prize in Economics for their research on banks and financial crises. In September, 53 corporate bankruptcies were declared in the Czech Republic, the third lowest number this year. Foreign investors hold 27.1 percent of Czech government bonds. World Bank President: Help with energy bills for everyone is too expensive. KFC and McDonald's in the Czech Republic have increased their prices this year, with a cheeseburger rising by a fifth. Analysis: The number of bankruptcies rose by a tenth in the third quarter year-on-year to 172. The British central bank is starting temporary unlimited purchases of government bonds. World Bank President: Help with energy bills for everyone is too expensive. The Slovak central bank expects a decline in the Slovak economy next year. The Konzum Ústí nad Orlicí cooperative slightly increased its profit to 24 million crowns last year. The Hungarian central bank increased its interest rate to 13 percent, surprisingly significantly. The government approved an increase in funding for film incentives to 1.4 billion crowns. Confidence in the Czech economy has fallen below 90 points for the first time since last March. Confederation of Industry: Companies need a unified European solution to the energy crisis. Millions of Britons are looking for second jobs due to the rising cost of living. Survey: 70 percent of Czech companies are affected by the unavailability of raw materials. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. The Czech National Bank has worsened its estimate of the development of the Czech economy, predicting inflation of 15.8 percent. The IMF has worsened its estimate of the growth of the Czech economy for this year to 1.9 percent. The Pilsen Region company is nanoSPACE from Domažlice, and the self-employed person is woodcarver Karel Tittl. AP: A bakery in Cologne will close after 90 years after a significant increase in energy prices. The British central bank is starting temporarily unlimited purchases of government bonds. The pirates will not propose a tax on unexpected profits for this year. Agricultural Union: The crisis needs to be solved even at the cost of high deficits. The British finance minister promises that he will be able to restore the confidence of financial markets. King Charles III will appear on British banknotes until mid-2024. The Czech National Bank, as expected, left the base rate at seven percent. The Chamber of Deputies approved the parameters of the budget for next year with a deficit of CZK 295 billion.

Stock Exchanges: France wants to open one of the largest lithium mines in Europe by 2027. Germany has called for the suspension of the development of deep-sea mining due to environmental concerns. Analyst: The stock exchange price of gas has increased by 120 percent this year, precious metals have become cheaper.

Finance: MF: European MPs have confirmed the final version of the regulation on the regulation of cryptocurrencies. Komerční banka shareholders will decide on the dividend from November 6 to 21. Analysts: Time is not favorable for investments, real estate can bring a nice appreciation. Sberbank administrator to negotiate loan sale exclusively with Česká spořitelna. Credit Suisse bank plunges into losses, will increase capital by four billion CHF. Banks: The share of problematic bank loans in the Czech Republic stopped falling in September. Credit Suisse shares are falling sharply, having already lost a record 60 percent this year. Société Générale's quarterly profit fell, but exceeded expectations. Expobank CZ, which was bought by Banka Creditas, will be renamed Max banka.