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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: Austrian: If the EU finds an agreement, it could lead to calm in energy markets. Matovič: EU finance ministers agreed today on a 5 billion CZK loan for Ukraine. Foxconn CZ ended last year with a loss of 282 million CZK, sales fell to 78 billion CZK. The Australian central bank raised interest rates to a nine-year high of 2.60 percent. The leader of the Italian League party wants 30 billion euros for companies due to expensive energy. The CNB board left the credit market protection rate unchanged today. Vinyl producer GZ Media is considering moving part of its production outside the Czech Republic due to energy. The banking association is offering up to 50 billion CZK instead of taxes to support the economy. The Slovak central bank expects a decline in the Slovak economy next year. Síkela: The government will discuss the options for a state-owned energy trader on Wednesday. The British central bank is starting temporarily unlimited purchases of government bonds. The Ministry of Finance is proposing a 60 percent tax on extraordinary profits for banks, refineries and miners. The Hungarian central bank has increased interest to 13 percent, surprisingly significantly. Analysts expect the Czech National Bank to maintain its seven percent interest rate. The British central bank is starting temporarily unlimited purchases of government bonds. Experts do not have much faith in the estimated yield of the tax on extraordinary profits. The company of the year in the Karlovy Vary region is a wig seller, the sole proprietor is a violin maker. Prague will give city halls CZK 265.95 million to help families threatened by inflation. According to the head of German employers, the crisis will not be overcome without state intervention. Analysts: August unemployment increase signals approaching recession. AP: Bakery in Cologne to close after 90 years after significant energy price hike. Konzum Ústí nad Orlicí cooperative slightly increased profit to 24 million crowns last year. Bartoš: EU cohesion funds can provide money for projects threatened by price hikes. Analysts: Czechs became poorer in the second quarter at the highest rate in the country's history since 1993. States can also use money from EU funds to solve the energy crisis, Bartoš said. Turkey's inflation rate rose to 80.2 percent, growth rate slowing. Analyst: Czech National Bank increased support for the crown to CZK 246 billion in July. Stanjura: Despite the pandemic and the effects of the war, fiscal discipline cannot be neglected. Survey: Unavailability of raw materials affects 70 percent of Czech companies. Year-on-year inflation reached 17.2 percent in August, the growth rate slowed down after about a year. King Charles III. will appear on British banknotes until mid-2024. Czech household debts to banks rose by 8.5 billion to 2.12 trillion CZK in August. The Fed raised the base rate as expected, the rate is the highest since 2008. An informal meeting of European finance ministers and governors continues in Prague. EU ministers will discuss solutions to unforeseen events in Prague. In the opening round, the Chamber of Deputies supported an increase in this year's deficit to 330 billion CZK.

Stock markets: Analyst: Gas has risen in price by 170 percent this year, oil by 30 percent, precious metals have fallen in price. Analyst: The stock market price of gas has increased by 120 percent this year, precious metals have become cheaper. Expert: The price of gold has fallen sharply this week to an almost 2.5-year low.

Finance: Comparator: Almost a third of bonds on the Czech market are risky. Analysts: Time is not favorable for investments, real estate can bring a nice appreciation. Association: The popularity of savings fell sharply in the third quarter. A member of parliament and supporters came to a Beirut bank to withdraw frozen money. The US is establishing a fund to help Afghans, the money will be transferred from frozen accounts. ČSOB survey: There is still a lack of innovation in the Czech Republic.