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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: Scientists from Mendel University will analyze tax evasion. Analysts: Economic recovery is behind wage growth, the situation will worsen. New head of the Office of the Competition Commissioner Petr Mlsna takes office. Atradius: The world economy will fall by 4.3 percent this year,. Inflation in the EU has risen slightly again, it has fallen again in the eurozone. The Indian economy is in recession for the first time in history due to coronavirus. The US economy grew at a record pace of 33.1 percent. Coface: The Czech Republic has 78 representatives in the ranking of the 500 largest companies in the region. Bisnode: The same number of companies will disappear this year as last year, when it was a record. The Czech economy slowed down its year-on-year decline in the 3rd quarter. Large companies are likely to cut dividends this year by the most since 2009. Deflation in Germany deepened even further in November. Czechs generally save on energy, companies pay extra for electricity. Consumer confidence in Germany continues to decline due to the lockdown. 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. Analysts: The budget deficit could be below CZK 400 billion. 83 percent of companies have felt the negative consequences of the epidemic, Ipsos found. Dlouhý: The parameters of the anti-epidemic system will make business impossible. Survey: Companies are coping with the second wave of the pandemic better than the first. A record number of companies specializing in acquisitions have entered the stock market.

Stock markets: Gold price falls to four-month low near $1,830.

Finance: Buffett sells part of Apple shares and invests in pharmaceuticals. IIF: Global debt will rise to a record $277 trillion due to virus. Czech National Bank leaves credit market protection reserve at 0.5 percent. Chinese banks will increase profits again next year, Bank of China expects. Goldman Sachs to establish headquarters for stock trading in Paris. Czech household debts to banks rose to 1.842 trillion in October. Turkey's central bank significantly raised the base interest rate. Raiffeisenbank takes control of Raiffeisen stavební spořitelna. Goldman Sachs to employ more women in senior positions. Moore CR Group buys Pagina Bohemia and Pagina Tax. Société Générale will close 600 branches in France within five years. Banks have begun to individually resolve repayment problems with clients. ECB: Consumers are using cashless payments more due to the virus. Survey: Czechs are behaving more responsibly in relation to loans. The value of banknotes and coins in circulation has exceeded CZK 700 billion for the first time. NERV wants to initiate the establishment of a national development bank in the future. According to the analysis, the risk for Slovak banks is loan defaults. Bloomberg: Banks have already announced the largest layoffs in 5 years this year. Provident: More clients now need to borrow for current expenses. Half of Czechs would provide their birth number or ID card online. The EU is selling more special bonds, high interest continues. Golden Gate CZ's revenues increased by 110 percent to CZK three billion. Santander will take over the European activities of bankrupt Wirecard.