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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 number of people without a job in August was the highest in the last three years. The record decline in the EU and eurozone economies was lower than estimated. The Ministry of Finance's forecast is realistic, according to the Budget Forecast Committee. Bisnode: 81 percent of companies have not yet published their results for last year. In August, 881 companies were added in the Czech Republic, 61 fewer than in July. Dlouhý: Entrepreneurs are most worried about blanket measures. A record number of companies applied for protection from creditors at the end of August. Duha presented ecological proposals for the recovery plan. Deloitte: Warming will have a positive impact on the Czech economy. 62 applications for CZK 645 million have been submitted for the COVID Spa program. Inflation in Slovakia was the lowest in August since the summer of 2017. Trinity: The automotive industry is among the most affected sectors of the economy. IMF: The economic outlook is not as bad as expected. Analysts: July retail sales results surprised positively. Škoda Auto again paid the most income tax to the state last year. Exports from China increased the most in almost 1.5 years, but imports fell. Industrial production in the Czech Republic eased the decline to five percent in July. Business confidence in Germany rose for the fifth consecutive month in September. Investor confidence in the eurozone economy rose again. In August, the Czech Republic saw the largest increase in entrepreneurs since January 2012. JCDecaux has initiated arbitration with the Czech Republic over the rental of advertising space. Euler Hermes expects an increase in corporate insolvencies in the Czech Republic by eight percent this year. Survey: Growth in business activity in the eurozone has almost stopped. The Ústí nad Labem Region's self-employed person of the year is engaged in the restoration of monuments. IDEA: The abolition of the super-gross wage is least beneficial for low-income earners.

Stock exchanges: American battery manufacturer QuantumScape goes public. The price of gold has fallen to a two-month low.

Finance: Raiffeisenbank will take control of Raiffeisen stavební spořitelna. Over 80 percent of Czechs believe that the price of life is incalculable. According to the co-owner, the Arca Group will not pay all its obligations. The US budget deficit in 11 months amounted to three trillion dollars. Atradius: The number of companies insolvent in the world will increase by 26 percent this year. The ECB left monetary policy, including interest rates, unchanged. EY: 37 percent of Czechs are unaware of cyber risks. PPF Bank's net profit increased by 14 percent this year to CZK 1.2 billion. Reuters: Deutsche Bank will close a fifth of its branches due to the virus. Leasing and installment companies approved 79,000 installment deferrals. The British central bank left monetary policy unchanged. Banks are not yet preparing to close branches due to the coronavirus. Survey: Czechs most often save 1,000 to 3,000 crowns per month. Hypoteční banka and ČMSS will have the same management from next year. Reuters: Caixabank and Bankia have agreed in principle to merge. PPF Telecom Group issued seven-year bonds for half a billion euros. J&T Banka is preparing assistance for unsecured creditors of the Arca group. Lloyd's of London insurance market has a loss of 400 million pounds.