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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: Economists: The pandemic has cost the economy hundreds of billions of crowns. The value of mergers and acquisitions has fallen to its lowest level in three years this year. CRIF: 28 percent of Czech companies are headed by women. Analysts: Industry has mainly prevented a major economic downturn. Barometer: Czech companies have increased orders, they are stopping layoffs. The French central bank has worsened the GDP outlook for next year. Confederation of Industry: Companies are trying to prevent the spread of Covid in operations. The British economy grew by a record 16 percent in the quarter. The Ministry of Finance sold bonds for CZK 14 billion today, interest was higher again. Employers: The Czech economy may start growing in 2021. Experts: Developments on the allowance market were the most interesting this year ever. The Ministry of Finance will need less money to finance the debt in 2021. Bisnode: The number of unreliable VAT payers increased by a tenth last year. CNN: Russia needs cars, which is why it is reviving a Soviet-era brand. Analysts: Construction will also fall next year, by up to six percent. Arete sells real estate to Cromwell European for three billion CZK. A record 370,000 people lost their jobs in Britain in three months. The Slovak Central Bank improved the outlook for the country's economic development. Křetínský reorganizes his group, Tkáč will probably return to EPH.

Stock exchanges: Retail investors have moved from GameStop shares to silver. Iridium prices have risen by 160 percent due to tight supplies. Bloomberg: De Beers has increased diamond prices, the most in several years. Turkey announced the discovery of a giant gold deposit.

Finance: Banks' net profit in three quarters fell by 31.7 billion to 38.6 billion CZK. Banks: 89 percent of clients with deferred loans returned to repayment. Banks' net profit in three quarters fell by 45 percent to 38.6 billion CZK. Fed promised to buy bonds until the economy recovers. Association: The number of insurance frauds increased by 14 percent last year. Entrepreneurs from COVID programs received 36 billion CZK as of November 30. The volume of housing loans increased by seven percent in November to 22.1 billion. RTR: Morgan Stanley will move 100 billion euros from Britain to Frankfurt. Moody's affirmed the Czech Republic's rating despite the growth in debt. Interest in bonds for citizens in the ninth issue has increased, a new one is starting. The pension company from the Partners group will be called Rentea. Bank loans fell by 620 billion in December to 5.61 trillion CZK. The Partners group has filed an application for a banking license with the Czech National Bank. The PPF group wants to negotiate with Moneta for the second time about merging with Air Bank. Bank loans fell by 36 billion in November to 6.2 trillion CZK. Index: Average mortgage rate in November lowest since March 2017. Survey: Three quarters of Europeans try to help others at Christmas. The head of the Polish central bank does not rule out further interest rate cuts. Index: Equity funds earned 1.2 percent this year, bond funds 0.95 percent. LN: J&T Banka bought its headquarters in Invalidovna for 2.1 billion CZK. The Czech National Bank is expected to leave interest rates unchanged on Thursday. The price of silver fell today after hitting a six-month high on Monday.