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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: Duha presented ecological proposals for the recovery plan. Deloitte in the Czech Republic withdrew a study on the impact of warming on the economy. Bloomberg: The world's most stable currency protects exports from Taiwan. French Vinci offers 5.2 billion euros for a part of Spanish ACS. According to economists, the new forecast of the Ministry of Finance is quite realistic. The Ministry of Finance sold bonds for 5.1 billion CZK, the interest was greater. Scientists from CzechGlobe oppose the claim that warming will help the economy. According to the Budget Forecast Committee, the forecast of the Ministry of Finance is realistic. Proposal: Part of the future EU money for employment will be spent on transport. Analysts: Industry was unpleasantly surprised, September should be better. SB: Coronavirus can plunge 150 million people into extreme poverty. Epiq: The number of corporate bankruptcies in the US has increased by a third so far this year. EBRD expects a more significant economic downturn in the countries where it operates. Collection agencies: Debtors' payment morale has not deteriorated this year. Survey: Growth in business activity in the eurozone has almost stopped. Business confidence in Germany rose for the fifth consecutive month in September. Exporters expect a loss of exports of 300 to 500 billion due to Covid. Production of a wood processing sawmill in Štětí was officially launched.

Stock exchanges: Central banks' gold reserves have increased by 5,000 tons in ten years. Construction material supplies have fallen by up to 30 percent, miners report.

Finance: ECB is considering changing its current policy due to coronavirus. The Czech National Bank is expected to leave interest rates unchanged on Wednesday. Finemo.cz: Approximately 400 seniors have used a reverse mortgage in five years. Banks are not yet preparing to close branches due to the coronavirus. The Czech National Bank Council unanimously left interest rates unchanged today. Non-bank credit companies have rules for clients in a moratorium. Household debts with banks rose to 1.819 trillion crowns in August. As of September 11, banks had received 400,000 applications for payment deferrals. Association: Interest in payment deferrals is declining, Czechs are starting to pay off loans. Leasing and installment companies approved 79,000 payment deferrals. US airlines will cancel more than 30,000 seats without further state aid. Government debt for this year's 2nd quarter is the highest in 20 years. Survey: Almost a third of Czechs felt the impact of the pandemic on their finances. Spanish central bank: strict quarantine will worsen the expected crisis. EY: 7,500 jobs in the financial sector left Britain due to Brexit. The Czech National Bank revoked the license of the Prague currency exchange Changer. The ECB is intensifying work on the digital euro. Survey: Czechs most often save 1,000 to 3,000 crowns per month. Analysts: The price of gold has increased by a quarter this year, silver by a third. As expected, the Fed left interest rates unchanged, improving its outlook. KPMG: Household finances are starting to feel the cooling of the economy. Millions of bank accounts have been added in Latin America during the pandemic. As of September 4, banks approved 358,000 applications for deferral of loan payments. Arca Capital is completing preparations for the entry of a strategic partner. Survey: 70 percent of Czechs have experience with installment purchases.