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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: While Britain is counting change, we are counting victims, said Olena Zelenská. The Slovak Central Bank expects a decline in the Slovak economy next year. The inflation rate in Turkey has reached 80.2 percent, the growth rate is slowing. According to the head of German employers, the crisis will not be overcome without state intervention. The British Central Bank begins temporarily unlimited purchases of government bonds. Zeman and local governments welcome the energy price cap, economists expect higher costs. The informal meeting of European finance ministers and governors continues in Prague. Inflation in Turkey in September reached 83.5 percent, the highest since 1998. Eurochambres: The energy crisis must also be addressed by capping energy prices. Analysis: The number of bankruptcies increased by a tenth in the third quarter year-on-year to 172. According to the Chamber of Commerce, the current economic crisis is worse than the pandemic. Stanjura: Despite the pandemic and the effects of the war, fiscal discipline cannot be neglected. Eurogroup: Inflation in EU countries is between six and 20 percent, it must be reduced. Millions of Britons are looking for a second job due to the rising cost of living. Analysts expect the CNB interest rate to remain at seven percent. Queen Elizabeth II was among the richest people in the world. Business unions: The Czech Republic should not copy German solutions to the energy crisis. The CNB Council left the credit market protection rate unchanged today. Czech household debts to banks increased by 8.4 billion to 2.11 trillion CZK in July. CNB: Banks' net profit rose by CZK 23.6 billion to CZK 54.6 billion in the first half of the year. Inflation in Hungary rose to 15.6 percent, mainly food prices are rising. Bartoš: EU cohesion funds can provide money for projects threatened by price increases. European finance ministers and governors will meet in Prague on Friday and Saturday. The British central bank has raised interest rates despite the expected economic recession. The company of the year in the Karlovy Vary region is a wig seller, a violin maker is a sole proprietor. Analysts: The European Central Bank's rate hike will increase pressure on the crown. Real wages fell by 9.8 percent, according to analysts, people have become the poorest since the founding of the Czech Republic. Foxconn CZ ended last year with a loss of CZK 282 million, sales fell to CZK 78 billion. According to Goldman Sachs, inflation in Britain could exceed 22 percent next year. Vinyl producer GZ Media is considering moving part of its production outside the Czech Republic due to energy. Study: The number of corporate bankruptcies in August was among the highest this year. The British central bank is starting temporarily unlimited purchases of government bonds. Matovič: EU finance ministers agreed today on a 5 billion CZK loan for Ukraine. The leader of the Italian League party wants 30 billion euros for companies due to expensive energy. Analysts: August's increase in unemployment signals an approaching recession. The Czech National Bank will issue a thousand-koruna coin with an overprint for the 30th anniversary of the currency separation. Purchasing Managers' Index: Conditions in industry worsened in August.

Stock exchanges: Expert: The price of gold fell sharply this week to an almost 2.5-year low. Analyst: The stock market 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. Moscow court has accepted the declaration of bankruptcy by the Russian division of Google. 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. Media: JPMorgan wants to move from Frankfurt to London due to concerns about electricity shortages.