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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: In August, 881 companies were added in the Czech Republic, 61 fewer than in July. Investor confidence in the eurozone economy fell for the first time in six months. Proposal: Part of future EU money for employment will be spent on transport. The Ministry of Finance sold bonds for CZK 5.1 billion, interest was greater. Developer CTP reduced profit by 29 pct to CZK 2.7 billion, revenues increased. JCDecaux started arbitration with the Czech Republic over the rental of advertising space. According to the Budget Forecast Committee, the Ministry of Finance's forecast is realistic. Growth in confidence in the Czech economy accelerated in September. The British economy grew less than expected in August. GLP is building an industrial zone in Ostrava for more than a billion crowns. IMF: Economic prospects are not as bad as expected. The decline in the US economy was milder in the quarter than expected. Experts: Temporary abolition of super-cheap wages will make the system more confusing. Business confidence in Germany rose for the fifth consecutive month in September. Exporters expect a loss of 300 to 500 billion in exports due to Covid. The Slovak Central Bank improved its economic outlook. Consumer price growth slowed again, to 3.2 percent in September. Škoda Auto again paid the most income tax to the state last year.

Stock markets: The US is introducing tariffs on aluminum sheets from 18 countries. The price of gold has fallen to a two-month low.

Finance: As of September 11, banks had received 400,000 applications for deferral of installments. Komerční banka is acquiring the financial company Roger. The ECB is considering changing its current policy due to the coronavirus. PPF bank's net profit increased by 14 percent this year to CZK 1.2 billion. France will stimulate the economy with a package of 42 billion euros next year. VZP: Interest in flu vaccination has increased by a third in eight years. The largest Saudi Arabian bank will strengthen its position by taking over a competitor. Housing loans increased by 30 percent year-on-year in August to CZK 17 billion. EY: 7,500 jobs in the financial sector left Britain due to Brexit. Finemo.cz: Approximately 400 seniors have used a reverse mortgage in five years. The Hungarian central bank surprisingly increased the deposit rate. Analysts: The price of gold has increased by a quarter this year, silver by a third. Survey: 70 percent of Czechs have experience with installment purchases. Fed extends restrictions on dividend payments and share buybacks for banks. IMF: Africa needs $1.2 trillion to overcome the impacts of Covid. Banks are not yet preparing to close branches due to coronavirus. Index: Most mutual funds will remain at a loss this year. Morgan Stanley buys asset manager Eaton Vance for $7 billion. KPMG: Household finances are starting to feel the economic slowdown. CNB revokes license of Prague currency exchange Changer. Spanish central bank: strict quarantine will worsen the expected crisis. Government debt for the second quarter of this year is the highest in 20 years. Bank loans increased by 13 billion in August to 6.19 trillion CZK. Home Credit plunged into a loss of 16.8 billion CZK due to the pandemic. Over 80 percent of Czechs believe that the price of life is incalculable.