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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: The French central bank has worsened its GDP outlook for next year. Cuba has announced a currency reform, the convertible peso will end. The Slovak economy has slowed down to 2.4 percent. Inflation in the EU has fallen to 0.2 percent, the eurozone remains in deflation. Business activity in the eurozone has weakened sharply in November. Bisnode: The number of companies at risk in the Czech Republic has increased by a quarter to 21,900. Deflation in Germany has deepened even further in November. Arete sells real estate to Cromwell European for three billion CZK. Japanese exports unexpectedly accelerated their decline, while growth was expected. Consumer confidence in Germany continues to decline due to the lockdown. The rate of unemployment growth for women is a third faster than for men. Czechs usually save on energy, companies pay extra for electricity. The Turkish economy has returned to strong growth, exceeding estimates. The Czech Republic is among the countries that are coping with the coronavirus the worst. WFP: Millions of people in Zimbabwe are at risk of hunger. The Confederation of Industry is concerned about the increase in the European climate target. Developer CTP sold green bonds for 10.5 billion crowns. The Confederation of Industry: Companies are trying to prevent the spread of Covid in operations. Sentix: Investor confidence in the eurozone economy is the highest since February. The new head of the Office for the Protection of Consumer Rights and Human Rights Petr Mlsna will take office. The Slovak Central Bank has improved the outlook for the country's economic development.

Finance: Gold sales in the Czech Republic are rising significantly during the pandemic waves. ČSOB survey: Half of companies had to limit their activities. The Czech National Bank left the credit market protection reserve at 0.5 percent. The Czech National Bank Council today unanimously left interest rates unchanged. Index: Equity funds yielded 1.2 percent this year, bond funds 0.95 percent.. Leveris will supply new banking software to Česká spořitelna. Bank loans rose by 198 billion to 6.27 trillion CZK in October. Half of Czechs would provide their birth number or ID card online. The Czech National Bank imposed a fine of twenty million CZK on Expobank CZ. The Czech National Bank drew attention to the activities of CROWD1 Network and Impact Crowd. Entrepreneurs from COVID programs received 36 billion CZK as of November 30. Raiffeisenbank took control of Raiffeisen stavební spořitelna. Co-owner of Penta Haščák gave up executive positions in the group. ČMZRB supported the financing of more than 10,000 projects, a record. Experts: Czech National Bank indicated that it is not afraid of further growth in real estate prices. Chinese banks will increase profits again next year, the Bank of China expects. S&P: Global debt will reach 200 trillion USD by the end of the year. Press: Italian bank Monte dei Paschi could eliminate up to 6,000 positions. ECB: Consumers will use cashless payments more due to the virus. Czech National Bank report: Strong growth in mortgages and housing prices is surprising. According to the analysis, the risk for Slovak banks is loan defaults. According to estimates, the Czech National Bank will leave interest rates unchanged on Thursday. The British central bank left monetary policy unchanged. Heureka Group will increase the issue of five-year bonds to 650 million CZK.