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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: Deloitte: The Czech Republic ranks 25th out of 163 countries in terms of quality of life. Three companies, including the Czech Charvát group, are investing in Slovakia. Duha presented ecological proposals for the recovery plan. In a number of Moravian-Silesian companies, workers do not have to wear masks. Inflation in Slovakia was the lowest in August since the summer of 2017. JCDecaux has initiated arbitration with the Czech Republic over the rental of advertising space. The record decline in the EU and eurozone economies was lower than estimated. Deloitte: Warming will have a positive impact on the Czech economy. Škoda Auto again paid the most income tax to the state last year. Survey: Growth in business activity in the eurozone has almost stopped. Cuba is said to be planning the first official devaluation of the peso since 1959. Prices were 3.3 percent higher in August compared to last year, alcohol prices have risen. New Zealand's economy has fallen to a record low due to the coronavirus. The average company spends 223 hours a year on paperwork, less than last year. Industrial production in the Czech Republic eased the decline to five percent in July. IDEA: Abolition of the super gross wage is least beneficial for low-income earners. Growth in confidence in the Czech economy accelerated in September. Industry analysis: 70 percent of companies expect a decline in profitability this year. Exports from China grow the most in almost 1.5 years, but imports have fallen. Entrepreneur of the Year in the Ústí nad Labem Region is engaged in the restoration of monuments. Bloomberg: The world's most stable currency protects exports from Taiwan. Trinity: The automotive industry is among the most affected sectors of the economy. Consumer prices in the US rose by 0.4 percent in August.

Stock exchanges: Miners have seen a 30 percent drop in demand this year. Central banks' gold reserves have increased by 5,000 tons in a decade.

Finance: The CNB Council unanimously left interest rates unchanged today. ČSOB was fined CZK 1.5 million by the CNB for exchanging banknotes. Home Credit plunged into a loss of CZK 16.8 billion due to the pandemic. France will stimulate the economy with a package of 42 billion euros next year. August inflation was 0.1 points higher than the CNB estimated. As of September 4, banks approved 358,000 applications for deferral of loan payments. Index: Most mutual funds remain in loss this year. Hypoteční banka and ČMSS will have the same management from next year. The US budget deficit in 11 months was three trillion dollars. The Lloyd's of London insurance market has a loss of 400 million pounds. Survey: Czechs most often save 1,000 to 3,000 crowns per month. The ČMZRB approved support of 38 billion CZK by August, 2.5 times more year-on-year. PPF Telecom Group issued seven-year bonds for half a billion euros. Banks are not yet preparing to close branches due to coronavirus. Banks have provided call center operators to trace the infected. Reuters: Spanish banks Caixabank and Bankia have approved a merger. Over 80 percent of Czechs believe that the price of life is incalculable. The pandemic will reduce Germany's tax revenues by almost 20 billion euros in 2021. Leasing and installment companies approved 79,000 installment deferrals. Sellers: Sales of investment coins in the Czech Republic are now at record highs.