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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 average company spends 223 hours a year on paperwork, less than last year. IMF: The economic outlook is not as bad as expected. Euler Hermes expects an eight percent increase in corporate insolvencies in the Czech Republic this year. Deloitte: Warming will have a positive impact on the Czech economy. A record number of companies applied for protection from creditors at the end of August. 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. Dlouhý: Entrepreneurs are most worried about blanket measures. French Vinci offers 5.2 billion euros for part of Spanish ACS. Experts: Temporary abolition of super-cheap wages will make the system unclear. GLP is building an industrial zone in Ostrava for more than a billion crowns. Investor confidence in the eurozone economy fell for the first time in six months. The Ministry of Finance sold bonds for CZK 5.1 billion, interest was greater. The Slovak Central Bank improved the economic outlook. Epiq: The number of corporate bankruptcies in the US has increased by a third so far this year. The Ministry of Finance's forecast is realistic according to the Budget Forecast Committee. Survey: Growth in business activity in the eurozone has almost stopped. Growth in confidence in the Czech economy accelerated in September. Developer CTP reduced profit by 29 pct to CZK 2.7 billion, revenues increased. Business confidence in Germany increased in September for the fifth consecutive month.

Stock exchanges: Supplies of building materials fell by up to 30 percent, miners report. Central banks' gold reserves increased by 5,000 tons in a decade.

Finance: Reuters: Caixabank and Bankia have agreed in principle to merge. France will stimulate the economy with a package of 42 billion euros next year. Index: Most mutual funds remain in loss this year. Hungary's central bank surprisingly raised the deposit rate. Analysts: The price of gold has risen by a quarter this year, silver by a third. As of September 4, banks approved 358,000 applications for deferring loan payments. ECB intensifies work on the digital euro. As of September 11, banks accepted 400,000 applications for deferring payments. Spain's central bank: strict quarantine will worsen the expected crisis. As of September 18, banks accepted 401,000 applications for deferring payments. PPF Telecom Group issued seven-year bonds for half a billion euros. Leasing and installment companies approved 79,000 installment deferrals. Household debts with banks rose to 1.819 trillion crowns in August. Housing loans rose by 30 percent year-on-year to 17 billion CZK in August. VZP: Interest in flu vaccination has increased by a third in eight years. The Fed has extended the restrictions on banks to pay dividends and buyback shares. Komerční banka is making a capital contribution to the financial company Roger. Over 80 percent of Czechs believe that the price of life is incalculable. According to estimates, the CNB will leave interest rates unchanged on Wednesday. Bank loans rose by 13 billion to 6.19 trillion CZK in August. Reuters: Deutsche Bank will close a fifth of its branches due to the virus. PPF banka's net profit this year rose by 14 percent to 1.2 billion CZK. Survey: 80% of Czechs have experienced an unexpected event in the past five years.