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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: Survey: Most smaller companies in Europe have existential fears. CRIF: There are 24,000 companies in the Czech Republic that are unreliable in paying VAT. Analysts: Czech industry performed best in September since February. European Innovation Day will focus on technological talents. Foreign trade surplus rose year-on-year to CZK 34.4 billion. A record 314,000 people lost their jobs in Britain in the quarter. The Slovak economy grew by double digits after the previous decline. Growth in business activity in the eurozone has stopped due to the virus. The German economy has grown sharply, the government has improved its outlook. Survey: More than a quarter of companies do not have deferred payments. Reuters: Interest in special EU bonds is at a record high. The Moore CR group took over the Brno-based company Audit - Daně. CRIF: The number of corporate and business bankruptcies fell in October. According to analysts, inflation will remain below three percent for the rest of the year. Goldman Sachs predicts a decline instead of growth for the eurozone. Analysts: The second wave of the pandemic has stopped the recovery from the 3rd quarter.

Stock exchanges: Bloomberg: Canadian company wants to mine "green" gold in Iceland. In 2021, the price per troy ounce of gold will not exceed 2,000 USD on average.

Finance: The most absurd bank fee is the fee for authorization SMS. A company from the Bohemia Energy group buys the supplier Energie ČS. Australia has reduced the base interest rate to a minimum due to coronavirus. UniCredit Bank in the Czech Republic and Slovakia has seen its profit fall by 45 percent in three quarters. Companies have more money in bank deposits than they owe for the third month. HSBC's profit fell by 35 percent to $3.1 billion. Moneta's net profit for three quarters fell by 38 percent to CZK 1.9 billion. The Russian Central Bank has improved its estimate of this year's economic development. Analyst: The price of gold will be 2.5 times higher by the end of the decade. Association: Non-banking companies provided 18 percent less money this year. Hypoteční banka: The mortgage market will reach a record CZK 230 billion this year. CNB survey: Banks report tightening lending to companies. FSB Committee: JP Morgan is no longer the most important bank in the system. HN: ČSOB will eliminate 170 jobs at branches. Commerzbank has fallen into losses due to Covid and restructuring. Partners has received a Czech National Bank license to operate a pension company. Interest in EU bonds to address the impacts of the coronavirus crisis continues. Japan's SoftBank has a record profit thanks to asset sales. Banking Association: The share of non-performing loans is at a record low. Société Générale, the owner of Komerční banka, has a loss until September. Allianz's quarterly profit surprisingly increased. Hypoindex: The average mortgage rate in September fell for the sixth time in a row. Banks are limiting branch opening hours due to the coronavirus. Household debts with banks rose to 1.831 trillion crowns in September. Berkshire bought its own shares for a record 9 billion USD. Association: Banks ready to help clients affected by the pandemic. The Czech National Bank expects a decline in GDP next year in its alternative estimate.