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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: Industry analysis: A third of companies will lay off workers, others are waiting. Statisticians confirmed a 12.1 percent decline in the Slovak economy. The year-on-year decline in construction production slowed to 10.4 percent in July. Prices were 3.3 percent higher in August compared to last year, alcohol became more expensive. CNBC: Technology companies will recoup the digital tax. Bisnode: 81 percent of companies have not yet published their results for last year. The German economy fell by 9.7 percent in the second quarter. The profit and sales of Japanese companies fell the most in 11 years. CRIF: 946 trading companies increased in the Czech Republic in July. The Greek economy fell by 14 percent, the recession deepened. The average wage in South Moravia was CZK 33,049 in the second quarter. Year-on-year inflation in August is estimated to have fallen slightly. Italy's economy fell by a record 12.8 percent in the quarter. Consumer prices slowed growth to 3.3 percent in August. The Australian economy has fallen to a record low due to the coronavirus. Analysts: Inflation may be the highest for the entire year since 2008. CVVM: Czechs' views on the economic situation are improving again. The Japanese economy fell more significantly than originally estimated. The number of people without a job in August was the highest in the last three years. Retail sales in the eurozone surprisingly fell in July. The record decline in the EU and eurozone economies was lower than estimated. The company Isolit-Bravo earned CZK 106 million last year. Chamber: Some companies are concerned about the mission to Taiwan. Wages in the Hradec Králové region fell by 0.4 percent in the second quarter to 32,521. The Czech Statistical Office will announce how industry, trade and construction performed in July.

Stock exchanges: Kovosteel Recycling's sales fell to CZK 595.3 million last year.

Finance: Seven percent of Slovak households face the risk of financial difficulties. According to the co-owner, the Arca Group will not pay all its obligations. Household debts to banks rose to CZK 1.809 trillion in July. The Czech National Bank has left five banks with rates to cover systemic risk. RBP will contribute two million for widespread testing in companies. Wirecard has agreed to sell its activities in Brazil. Quarterly profit of banks in the US fell again by 70 pct due to coronavirus. Powell: Fed will change approach to inflation, focus more on employment. ČSOB was fined 1.5 million CZK by the Czech National Bank for exchanging banknotes. The number of payment cards in the Czech Republic increased by 200,000 to 12.9 million. Analysts: The price of silver exceeded seven-year highs, will continue to rise. Bloomberg: The ECB Executive Board could have an equal number of women and men for the first time. As of August 28, banks had received 399,000 applications for deferral of loan payments. Moneta shareholders approved the non-payment of dividends for last year. Mastercard: A quarter of Czechs use biometric payment verification. Commerzbank will stop using EY as an auditor after the Wirecard affair. The CNB Bank Board has newly divided its competences. Building societies have provided loans worth one trillion CZK since 1993. Uniqa insurance company collected 6.6 percent more in premiums this year.