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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: Inflation in Hungary has risen to 15.6 percent, mainly food prices are rising. While Britain is counting change, we are counting victims, said Olena Zelenská. Analyst: The Czech National Bank supported the koruna exchange rate by CZK 59 billion in August, less than in July. Czech household debts to banks rose by CZK 8.5 billion in August to CZK 2.12 trillion. The leader of the Italian League party wants EUR 30 billion for companies due to expensive energy. According to Vestager, the importance of antitrust authorities is growing in the crisis. The Japanese central bank has not changed interest rates, promoting a loose monetary policy. States can also use money from EU funds to solve the energy crisis, said Bartoš. Eurometaux: The energy crisis is an existential threat to metal production in Europe. Inflation in Turkey rose to 83.5 percent in September, the highest since 1998. Millions of Britons are looking for second jobs due to rising living costs. Eurogroup: Inflation in EU countries is between six and 20 percent, it must be reduced. The Czech National Bank will issue a thousand-koruna note with an overprint for the 30th anniversary of the currency separation. Queen Elizabeth II was among the richest people in the world. The British central bank begins temporarily unlimited purchases of government bonds. Síkela: The government will discuss options for a state energy trader on Wednesday. The British central bank begins temporarily unlimited purchases of government bonds. Analysis: The number of bankruptcies increased by one tenth year-on-year in the third quarter to 172. The Swedish central bank increased the main interest rate the most since 1992. Zeman and local governments welcome the energy price cap, economists expect higher costs. The banking association offers up to 50 billion CZK instead of taxes to support the economy. The Konzum Ústí nad Orlicí cooperative slightly increased its profit to 24 million CZK last year. Three Americans have won the Nobel Prize in Economics for their research on banks and financial crises. Eurochambres: The energy crisis must also be addressed by capping energy prices. The inflation rate in Turkey has risen to 80.2 percent, the growth rate is slowing. The CNB Council today left the credit market protection rate unchanged. Vinyl producer GZ Media is considering moving part of its production outside the Czech Republic due to energy costs. Business unions: Czech Republic should not copy German solutions to energy crisis. Foxconn CZ ended last year with a loss of 282 million CZK, sales fell to 78 billion CZK. The CNB's decision to keep the base rate is in line with analysts, and the market expected it. The Polish central bank surprisingly left the base rate at 6.75 percent. Survey: Unavailability of raw materials affects 70 percent of Czech companies. The Ministry of Finance proposes a 60 percent tax on extraordinary profits for banks, refineries and miners. Analyst: The CNB increased support for the crown to 246 billion CZK in July. Central bank: Banknotes with the image of the Queen remain legal tender. Reuters: German bakers are burning out due to rising energy prices.

Stock exchanges: Analyst: The stock exchange price of gas has increased by 120 percent this year, precious metals have become cheaper. Bruegel: European governments have allocated 500 billion euros to help energy consumers.

Finance: Credit Suisse shares are falling sharply, having already lost a record 60 percent this year. Lebanese woman fined and banned from traveling for bank robbery. Credit Suisse shares are falling sharply, having already lost a record 60 percent this year. ČSOB survey: There is still a lack of innovation in the Czech Republic. Benchmark: Almost a third of bonds on the Czech market are risky. Expobank CZ, which was bought by Banka Creditas, will be renamed Max banka. Lebanese banks have suspended services to clients due to increasing robberies.