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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: Consumer prices in the US rose by 0.4 percent in August. Duha presented ecological proposals for the recovery plan. The Czech Statistical Office will announce how industry, trade and construction performed in July. In a number of Moravian-Silesian companies, workers do not have to wear masks. IDEA: The abolition of the super-gross wage is the least advantageous for low-income earners. The growth of confidence in the Czech economy accelerated in September. The record decline in the EU and eurozone economies was lower than estimated. Dlouhý: Entrepreneurs are most worried about blanket measures. The self-employed person of the year in the Ústí nad Labem region is engaged in the restoration of monuments. According to estimates, year-on-year inflation in August fell slightly. Inflation in Slovakia was the lowest in August since the summer of 2017. Exports from China grew the most in almost 1.5 years, but imports fell. The year-on-year decline in construction production slowed to 10.4 percent in July. The number of people without a job in August was the highest in the last three years. The number of corporate insolvencies in Germany fell in the first half of the year. Deutsche Bank: The economy will fully recover by the middle of next year. In August, 881 companies were added in the Czech Republic, 61 fewer than in July. Deloitte: Warming will have a positive impact on the Czech economy. Cuba is said to be planning the first official devaluation of the peso since 1959. Investor confidence in the eurozone economy has increased again. 62 applications for CZK 645 million have been submitted for the COVID Spa program. Analysts: Inflation may be highest for the whole year since 2008. New Zealand's economy has fallen to a record low due to coronavirus. JCDecaux has started arbitration with the Czech Republic over the rental of advertising space. The average wage rose by half a percent, but in real terms it has fallen after 7 years. Prices were 3.3 percent higher in August compared to last year, alcohol prices have risen.

Stock exchanges: American battery manufacturer QuantumScape is going public.

Finance: PPF Telecom Group has issued seven-year bonds for half a billion euros. 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: Deutsche Bank will close a fifth of its branches due to the virus. The Fed, as expected, left interest rates unchanged, improved its outlook. As of August 28, banks had received 399,000 applications for loan repayment deferrals. PPF Bank's net profit this year increased by 14 percent to CZK 1.2 billion. ČMZRB approved support of CZK 38 billion by August, 2.5 times more year-on-year. Building societies have provided loans worth one trillion CZK since 1993. The US budget deficit in 11 months amounted to three trillion dollars. UBS will start advising clients on sustainable investments. Mastercard: A quarter of Czechs use biometric payment verification. British bank Lloyds will cut 865 jobs, create new ones. Leasing and installment companies approved 79,000 installment deferrals. The CNB Council today unanimously left interest rates unchanged. Atradius: The number of companies in insolvency worldwide will increase by 26 percent this year. As of September 4, banks approved 358,000 applications for deferral of loan payments. August inflation was 0.1 points higher than the CNB estimated.