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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: Survey: 56 percent of small entrepreneurs considered closing their businesses. China has invested over $100 billion in clean energy abroad since 2023. The Spanish central bank has increased its GDP growth estimate to 2.8 percent thanks to tourism. Analysis: Trade between Britain and the EU has fallen by more than a quarter in the last three years. Industry and trade did not do well in July, construction increased year-on-year. Inflation remained at 2.2 percent in August, exceeding analysts' and CNB estimates. Analysts expect another CNB interest rate cut, probably to 4.25 percent. Czech society has become richer in 35 years, but it has also become more comfortable, said Petr Doškář from the Ministry of Industry and Trade. Inflation in the US fell to 2.5 percent in August, the lowest in three and a half years. The Czech National Bank will replace banknotes and coins damaged in floods for people and companies. onsemi: Without investment incentives, production in Rožnov could not expand. Analysis: 4,088 entrepreneurs went bankrupt in the Czech Republic this year, seven percent more year-on-year. The Czech National Bank has lowered the interest rate to 4.25 percent, a decision made by six board members. Excellent: Foresters will receive 2 billion CZK instead of 500 million for farming next year. Inflation in Turkey fell below 50 percent in September for the first time in more than a year. Poles are upset that Draghi did not talk to them when writing a report on Europe's lagging behind. AP: The Olympics were a success for Paris, but a disaster for some companies. The Czech National Bank: The balance of payments ended in a deficit of 3.7 billion CZK in the second quarter. The Czech National Bank's foreign exchange reserves increased by 7.5 billion to 138.1 billion euros in September year-on-year. The Japanese economy grew at a rate of 2.9 percent in the second quarter, more was expected. Analysts: The revival of consumption is gradual, the reason is concerns about the development of the economy. Analysis: The share of companies in the Czech Republic that use a virtual headquarters has increased to 25 percent.

Stock exchanges: The Czech National Bank bought almost five tons of gold in the third quarter, it has 46.41 tons. Rio Tinto will buy Arcadium for 6.7 billion USD, it will be a key lithium miner. Thyssenkrupp is reassessing plans for the production of so-called green steel. The price of gold has exceeded 2,600 dollars per troy ounce for the first time. The price of gold is at another record, having surpassed the mark of 2,550 USD per troy ounce.

Finance: ČNB: Banks' net profit increased by eight percent in the first half of the year to CZK 59.9 billion. Pressure is growing in the ECB to further reduce interest rates, Slovak Governor Kažimír is against it. EU auditors: Budget errors reached 5.6 percent, fraud persists. The Fed lowered the base interest rate by half a point to a range of 4.75 to 5.00 percent. Air Bank Group's net profit increased by five percent in the first half of the year to CZK 1.3 billion. Study: Fintech companies' income increased last year, but market valuations fell. China's central bank cut interest rates, will consider further support by the end of the year. China's central bank is introducing the largest measures to support the economy since the pandemic. The world's longest-serving central bank chief may get another term. Survey: Czechs prefer real estate investments, followed by savings accounts. Analysts: Floods in Central Europe can cause losses of up to billions of euros. The Japanese central bank left interest rates unchanged. Jet Investment Group sold the Třebíč-based Tedom group to the Japanese Yanmar Group. Germany sold part of its stake in Commerzbank to the Italian UniCredit for 702 million euros. Hypomonitor: The volume of mortgages fell by 8.1 billion to 24.2 billion CZK in September. MMR: Five annual household incomes are needed to buy an average-sized apartment in the Czech Republic. Survey: 14 percent of Czechs have no financial reserves. Partners Bank has 70,000 clients in six months, more than other new banks.