7 050,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Slovak economy slows to 2.4 percent. Prices in Japan fall by most in a decade, deflation looms. Business activity in the eurozone weakens sharply in November. Confidence in the economy falls again, most among service businesses. The crown strengthens against the euro to CZK 26.27, reacts to tax changes. The US economy grew at a record pace of 33.1 percent. Business activity in the eurozone has fallen sharply due to lockdowns. According to Berlin, Europe must maintain data independence. Consumer confidence in Germany continues to fall due to lockdowns. Developer CTP sold green bonds for CZK 10.5 billion. Activity in Chinese factories grew at the fastest rate in three years. The Czech Republic is among the countries coping with the coronavirus the worst. Scientists from Mendel University will analyze tax evasion. Deflation in Germany deepened even further in November. The new head of the Office for the Protection of the Rights of Persons with Disabilities, Petr Mlsna, will take office. Analysts: The budget deficit could be below CZK 400 billion. The Japanese economy has emerged from recession, growing the most since 1980. CRIF: The fewest companies will be created in the Czech Republic this year since 2014. The Turkish economy has returned to strong growth, exceeding estimates. Inflation in the EU has risen slightly again, and in the eurozone it has fallen again.

Stock exchanges: Gold miner Endeavour will buy competitor Terango for USD 2 billion. The price of gold has fallen to a four-month low near USD 1,830.

Finance: MF called on non-bank loan providers to help clients. Reuters: Spanish bank Santander will cut 4,000 jobs. The value of banknotes and coins in circulation exceeded CZK 700 billion for the first time. Goldman Sachs will employ more women in senior positions. Turkey's central bank significantly increased the base interest rate. Fed: Economic activity in several regions slowed down due to the virus. Buffett sold some of Apple's shares and invested in pharmaceuticals. ČMZRB approved support of CZK 47 billion by October, more than in two years. NERV wants to initiate the creation of a national development bank in the future. Heureka Group will increase the issue of five-year bonds to CZK 650 million. The profit of the four largest banks fell by CZK 21.5 billion to CZK 24.5 billion. The Czech National Bank has left the reserve for protecting the credit market at 0.5 percent. Half of Czechs would provide their birth number or ID card online. ECB: Consumers are using cashless payments more due to the virus. Santander will take over the European activities of bankrupt Wirecard. Golden Gate CZ's revenues increased by 110 percent to three billion CZK. Survey: 16 percent of Czechs are not familiar with any investment product. According to the analysis, the risk for Slovak banks is loan default. Former World Bank chief James Wolfensohn has died. Analysis: You can pay up to 95,000 CZK more for an annual loan of 50,000 CZK. Global Payments: Retail spending fell by almost a fifth. Penta co-owner Haščák has given up executive positions in the group. The EU is selling more special bonds, high interest continues.