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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: Statisticians confirm Slovak economy's 12.1 percent decline. CNBC: Technology companies will make up for digital tax. EU economy fell by record 11.7 percent in Q2. CZSO to announce July performance of industry, trade and construction. Industrial prices slowed year-on-year decline again in July. Confidence growth in the Czech economy slowed significantly in August. The Turkish economy fell the most in a decade due to coronavirus. The Greek economy fell by 14 percent, the recession deepened. The average wage rose by half a percent, but fell in real terms after 7 years. The US economy fell by a record 31.7 percent. In August, the Czech Republic added the most entrepreneurs since January 2012. Wages in the Hradec Králové region fell by 0.4 percent in the second quarter to 32,521. The budget deficit in August rose to 230 billion crowns. Mazars: The Czech Republic and Slovakia have the highest insurance contributions in the region. A tenth of 86 South Bohemian companies had a fifth of their sales due to the virus. CVVM: Czechs' opinions on the economic situation are improving again. GfK: German consumer sentiment worsened in September. OECD: The economy of member countries fell by a record in the second quarter. The Swiss economy fell by a record 8.2 percent in the quarter. Chamber: Some companies are concerned about the mission to Taiwan. Profits and sales of Japanese companies fell by the most in 11 years. Japanese exports continued to decline significantly in July.

Stock exchanges: Kovosteel Recycling's revenue fell to CZK 595.3 million last year. American battery manufacturer QuantumScape is going public.

Finance: Hypoindex: Average mortgage rate lowest in more than 2.5 years. Four large Chinese banks have the biggest drop in profits in a decade. EY: 37 percent of Czechs are unaware of cyber risks. Wirecard has agreed to sell its activities in Brazil. Association: Non-banking companies provided a fifth less money this year. Commerzbank will stop using EY as an auditor after the Wirecard affair. Analysts: The price of silver has exceeded seven-year highs, and will continue to rise. Fed: Economic activity in the US grew slightly in August. Analyst Kovanda has become the chief economist of the Czech Trinity Bank. Seven percent of Slovak households face the risk of financial difficulties. Household debts with banks rose to 1.809 trillion CZK in July. RBP will contribute two million to widespread testing in companies. EY: Czechs are starting to worry about their finances, a third's income has fallen. CRIF: The debt of the Czech population increased by 143 billion to 2.52 trillion CZK. Foreign investors hold the most Czech bonds since 2017. The Czech National Bank left rates to five banks to cover systemic risk. Powell: The Fed will change its approach to inflation, focusing more on employment. APS's sales increased by one percent last year to 1.2 billion CZK. Survey: Only a third of Czechs have their finances under control. July's inflation of 3.4 percent was in line with the CNB's forecast. Bloomberg: The ECB Executive Board could have an equal number of women and men for the first time.