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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: Scientists from CzechGlobe oppose the claim that warming will help the economy. Most Czech companies do not ban workers from traveling abroad. The average company spends 223 hours a year on paperwork, less than last year. Survey: Growth of business activity in the eurozone has almost stopped. Trinity: The automotive industry is among the most affected sectors of the economy. In August, 881 companies were added to the Czech Republic, 61 fewer than in July. Duha presented ecological proposals for the recovery plan. Deutsche Bank: The economy will fully recover by the middle of next year. The number of corporate insolvencies in Germany fell in the first half of the year. Consumer prices in the US rose by 0.4 percent in August. 62 applications for 645 million CZK have been submitted for the COVID Spa program. According to economists, the new forecast of the Ministry of Finance is quite realistic. The New Zealand economy has fallen to a record low due to the coronavirus. A record number of companies applied for protection from creditors at the end of August. Business confidence in Germany rose for the fifth consecutive month in September. Euler Hermes expects an increase in company insolvencies in the Czech Republic by eight percent this year. Consumer prices slowed down to 3.3 percent in August. The self-employed person of the year in the Ústí nad Labem region is engaged in the restoration of monuments. Analysts: Inflation may be the highest for the whole year since 2008. Industry analysis: 70 percent of companies expect a decline in profitability this year. Dlouhý: Entrepreneurs are most worried about blanket measures. JCDecaux has initiated arbitration with the Czech Republic over the rental of advertising space.

Stock exchanges: The price of gold has fallen to a two-month low. Construction material supplies have fallen by up to 30 percent, miners report.

Finance: Survey: An unexpected event has befallen 80 percent of Czechs in five years. ECB left monetary policy, including interest rates, unchanged. British bank Lloyds will cut 865 jobs, create new ones. Survey: Almost a third of Czechs have felt the impact of the pandemic on their finances. Lloyd's of London's insurance market has a loss of 400 million pounds. Sellers: Sales of investment coins in the Czech Republic are now growing at a record rate. Reuters: Spanish banks Caixabank and Bankia have approved a merger. Raiffeisenbank will take control of Raiffeisen stavební spořitelna. France will stimulate the economy with a package of 42 billion euros next year. PPF banka's net profit increased by 14 percent this year to 1.2 billion CZK. Moody's downgraded Turkey's credit rating by one notch. As of September 4, banks approved 358,000 applications for loan repayment deferrals. Banks provided call center operators to trace the infected. The British central bank left monetary policy unchanged. Over 80 percent of Czechs believe that the price of life is incalculable. Analysts: The price of gold has increased by a quarter this year, silver by a third. UBS will start advising clients on sustainable investments. The Fed, as expected, left interest rates unchanged, improved its outlook. The US budget deficit for 11 months amounted to three trillion dollars. Household debts with banks increased to 1.819 trillion crowns in August. Leasing and installment companies approved 79,000 installment deferrals.