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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 decline in the US economy was milder in the quarter than expected. CzechGlobe scientists oppose the claim that warming will help the economy. 62 applications for 645 million CZK have been submitted for the COVID spa program. Developer CTP reduced profit by 29 pct to 2.7 billion CZK, revenues increased. GLP is building an industrial zone in Ostrava for more than a billion crowns. Analysts: Industry was unpleasantly surprised, September should be better. Skoda Auto again paid the most income tax to the state last year. The British economy grew less than expected in August. Duha presented ecological proposals for the recovery plan. Proposal: Part of future EU money for employment will go to transport. JCDecaux has started arbitration with the Czech Republic over the rental of advertising space. The Slovak Central Bank has improved its economic outlook. EBRD expects a more significant economic decline in the countries where it operates. The New Zealand economy has fallen to a record low due to the coronavirus. Dlouhý: Entrepreneurs are most worried about blanket measures. IMF: The economic outlook is not as bad as expected. Investor confidence in the eurozone economy has fallen for the first time in six months. SB: Coronavirus may plunge 150 million people into extreme poverty.

Stock exchanges: Central banks' gold reserves have increased by 5,000 tons in ten years. The US is imposing tariffs on aluminum sheets from 18 countries.

Finance: Millions of bank accounts have increased in Latin America during the pandemic. ČMZRB approved support of CZK 38 billion by August, 2.5 times more year-on-year. Banks are not yet preparing to close branches due to coronavirus. VZP: Interest in flu vaccination has increased by a third in eight years. Reuters: Spanish banks Caixabank and Bankia have approved a merger. World central banks are preparing their own digital currencies. Non-bank credit companies have rules for clients in a moratorium. Reuters: Deutsche Bank will close a fifth of its branches due to the virus. According to estimates, the Czech National Bank will leave interest rates unchanged on Wednesday. PPF Telecom Group issued seven-year bonds for half a billion euros. The ECB is considering changing its current policy due to coronavirus. Morgan Stanley buys asset manager Eaton Vance for seven billion USD. Home Credit has fallen into a loss of 16.8 billion CZK due to the pandemic. Survey: 70 percent of Czechs have experience with installment purchases. Index: Most mutual funds remain in loss this year. Survey: An unexpected event has befallen 80 percent of Czechs in five years. Survey: Almost a third of Czechs have felt the impact of the pandemic on their finances. The Czech National Bank has revoked the license of the Prague currency exchange Changer. Over 80 percent of Czechs believe that the price of life is incalculable. Household debts with banks rose to 1.819 trillion crowns in August. Finemo.cz: Approximately 400 seniors have used a reverse mortgage in five years. Analysts: The price of gold has increased by a quarter this year, silver by a third. Spanish central bank: strict quarantine will worsen the expected crisis. As of September 18, banks have accepted 401,000 applications for deferral of payments. The Fed has extended restrictions on banks' dividend payments and share buybacks.