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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: Duha presented ecological proposals for the recovery plan. The Greek economy fell by 14 percent, the recession deepened. The number of corporate insolvencies in Germany fell in the first half of the year. IDEA: The abolition of the super gross wage is the least beneficial for low-income earners. The average wage increased by half a percent, but in real terms it fell after 7 years. Bloomberg: The world's most stable currency protects exports from Taiwan. Most Czech companies do not prohibit workers from traveling abroad. A record number of companies applied for protection from creditors at the end of August. Survey: Czechs are more willing to accept worse work due to Covid. The self-employed person of the year in the Ústí nad Labem region is engaged in the restoration of monuments. Prices were 3.3 percent higher in August compared to last year, alcohol became more expensive. Deloitte: The Czech Republic ranks 25th out of 163 countries in terms of quality of life. Wages in the Hradec Králové region fell by 0.4 percent in the second quarter to 32,521. Analysts: Inflation may be the highest for the entire year since 2008. Retail sales in Germany unexpectedly fell in July. The year-on-year decline in construction production slowed to 10.4 percent in July. Exports from China grew the most in almost 1.5 years, but imports fell. JCDecaux has initiated arbitration with the Czech Republic over the rental of advertising space. Dlouhý: Entrepreneurs are most concerned about blanket measures. The record decline in the EU and eurozone economies was lower than expected. Year-on-year inflation in August is expected to fall slightly, according to estimates. The New Zealand economy has fallen to a record low due to the coronavirus. Retail sales in the eurozone surprisingly fell in July. In a number of Moravian-Silesian companies, workers do not have to wear masks. Consumer prices slowed down to 3.3 percent in August. The average wage in South Moravia was CZK 33,049 in the second quarter. 62 applications for CZK 645 million have been submitted for the COVID spa program.

Stock exchanges: Miners have seen a 30 percent drop in demand this year.

Finance: UBS will start advising clients on sustainable investments. August inflation was 0.1 points higher than the Czech National Bank estimated. Lloyd's of London's insurance market has a loss of 400 million pounds. The Czech National Bank is estimated to leave interest rates unchanged on Wednesday. Reuters: Deutsche Bank will close a fifth of its branches due to the virus. J&T Banka is preparing assistance for unsecured creditors of the Arca group. As expected, the Fed left interest rates unchanged, improving the outlook. Moneta shareholders approved the non-payment of dividends for last year. Entrepreneurs have drawn CZK 19.2 billion from COVID programs as of August 21. British bank Lloyds will eliminate 865 jobs, create new ones. German regulator: The worst of the coronavirus crisis is yet to come. ČMZRB approved support of CZK 38 billion by August, 2.5 times more year-on-year. According to the co-owner, the Arca group will not pay all its obligations. The British central bank left its monetary policy unchanged. As of August 28, banks have accepted 399,000 applications for deferral of loan repayments. ČSOB was fined CZK 1.5 million by the CNB for exchanging banknotes. The pandemic will reduce Germany's tax revenues by almost 20 billion euros in 2021.