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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: Bundesbank: A vaccine may be needed to fully revive the economy. Survey: Czechs are more willing to accept worse jobs due to Covid. GfK: German consumer sentiment worsened in September. Bisnode: 81% of companies have not yet published their results for last year. The Australian economy has fallen to a record low due to the coronavirus. OECD: The economies of member countries have fallen to a record low in the second quarter. Analysts: July retail sales results were a positive surprise. Exports from China grew the most in almost 1.5 years, but imports fell. The Turkish economy fell the most in a decade due to the coronavirus. Retail sales in the eurozone fell surprisingly in July. CNBC: Technology companies will make up for the digital tax. The economy fell by 11% year-on-year. The worst is probably behind it. Chamber: Some companies are concerned about the mission to Taiwan. The number of people without a job in August was the highest in the last three years. CVVM: Czechs' views on the economic situation are improving again. Industrial prices slowed down the year-on-year decline again in July. Industrial production in the Czech Republic eased the decline to five percent in July. The financial administration accepted 2.75 million tax returns, less than last year. The average wage in South Moravia was CZK 33,049 in the second quarter. The Brazilian economy fell by a record 9.7 percent in the quarter. Profits and sales of Japanese companies fell the most in 11 years. The Japanese economy fell more significantly than originally estimated. Respilon is already producing respirators in Brno, and is preparing a second line. Japanese exports continued to decline significantly in July.

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

Finance: US banks' quarterly profit fell again by 70 percent due to coronavirus. Atradius: The number of companies in insolvency worldwide will increase by 26 percent this year. The Czech National Bank left the reserve for credit market protection at 0.5 percent. APS's revenue increased by one percent last year to CZK 1.2 billion. According to the co-owner, the Arca Group will not pay all its obligations. The British bank Lloyds will cut 865 jobs, create new ones. Seven percent of Slovak households face the risk of financial difficulties. The number of payment cards in the Czech Republic increased by 200,000 to 12.9 million. ČSOB was fined CZK 1.5 million by the Czech National Bank for exchanging banknotes. Wirecard has agreed to sell its activities in Brazil. Broker Consulting's revenue from its main business increased by 12 percent this year. The CNB's Banking Board has newly divided its responsibilities. Survey: Only a third of Czechs have their finances under control. RBP will contribute two million for widespread testing in companies. J&T Banka is preparing assistance for unsecured creditors of the Arca group. Economic decline in the second quarter is milder than the CNB estimated. The long-term investment account is to be an alternative to saving for retirement. Moneta shareholders approved the non-payment of dividends for last year. Building societies have provided loans worth one trillion CZK since 1993. Buffett bought shares in five major companies in Japan.