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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 number of discontinued businesses has increased by 39 percent this year to 90,000. Researchers from Mendel University will analyze tax evasion. According to Berlin, Europe must maintain data independence. Prices in Japan have fallen the most in a decade, deflation is threatening. Large companies will probably reduce dividends this year the most since 2009. Czechs usually save on energy, companies will pay extra for electricity. Coface: The Czech Republic has 78 representatives in the ranking of the 500 largest companies in the region. The new head of the Czech Competition Authority Petr Mlsna will take office. Business activity in the eurozone has fallen sharply due to the lockdowns. Consumer confidence in Germany continues to fall due to the lockdown. Analysts: The budget deficit could be below CZK 400 billion. The crown strengthened against the euro to CZK 26.27, reacting to tax changes. WTO: World trade has significantly recovered, but it is likely to slow down. The Slovak economy has slowed down the rate of decline to 2.4 percent. The Turkish economy has returned to strong growth, exceeding estimates. BDO: Three quarters of companies have no protection against online threats. Sentix: Investor confidence in the eurozone economy is at its highest since February. IMF: The global economy is recovering, but may lose momentum. Activity in Chinese factories grew at the fastest rate in three years. Bisnode: The number of companies at risk in the Czech Republic increased by a quarter to 21,900.

Stock exchanges: The price of gold fell below $1,800, the lowest in almost five months.

Finance: Press: Italian bank Monte dei Paschi could cut up to 6,000 jobs. Analysis: Up to 95,000 more can be paid for an annual loan of 50,000 CZK. EU sells more special bonds, high interest persists. The value of banknotes and coins in circulation has exceeded 700 billion CZK for the first time. Leveris will supply new banking software to Česká spořitelna. Banks have begun to individually resolve repayment problems with clients. Gold sales in the Czech Republic are increasing significantly during the pandemic waves. Bank loans increased by 198 billion to 6.27 trillion CZK in October. Half of Czechs would provide their birth number or ID card online. Société Générale will close 600 branches in France within five years. Santander will take over the European activities of bankrupt Wirecard. Chinese banks will increase profits again next year, the Bank of China expects. Czech households' debts to banks rose to 1.842 trillion in October. According to the analysis, the risk for Slovak banks is loan defaults. Hypoindex: The average mortgage rate in October fell for the seventh time in a row. Experts: The Czech National Bank indicated that it is not afraid of further growth in real estate prices. The Czech National Bank left the reserve to protect the credit market at 0.5 percent. Survey: Two-thirds of parents save for their children. Raiffeisenbank took control of Raiffeisen Stavební Spořitelna. The Ministry of Finance called on non-bank loan providers to help clients. ČSOB survey: Half of companies had to reduce their activities. ÚOHS: Česká spořitelna may buy Sparkasse. Global Payments: Retail spending fell by almost a fifth. S&P: Global debt will reach 200 trillion USD by the end of the year.