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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: Two-thirds of Czechs perceive the current situation as an economic crisis. The number of hundred-millionaires has increased by 54 percent in ten years, most in China and the USA. The budget deficit will be a maximum of CZK 231 billion next year, the state will not abolish the windfall tax. IfW: The German economy will continue to decline this year. The number of corporate bankruptcies in Germany increased by almost a quarter in the first half of the year. onsemi: Without investment incentives, production in Rožnov could not expand. According to the Ministry of Finance, the average wage in the Czech Republic could exceed CZK 54,000 within three years. Italian industrialists support a return to nuclear power with the aim of reducing energy costs. Excellent: Foresters will receive CZK 2 billion instead of CZK 500 million for farming next year. Survey: The heads of the largest British companies had record incomes last year. Study: 400 entrepreneurs went bankrupt in July, the lowest this year. CZSO: The savings rate of Czech households fell slightly last year to 19.6 percent. The Spanish central bank increased its GDP growth estimate to 2.8 percent thanks to tourism. Kateřina Klosová will lead the board of directors of the Czech branch of Dun & Bradstreet. Inflation remained at 2.2 percent in August, exceeding the estimates of analysts and the CNB. The German economy will show zero growth this year, the Ifo Institute estimates. Industry and trade did not do well in July, construction grew year-on-year. SAP: The introduction of AI would increase the value of domestic companies by an average of 16 percent. The inflation rate in Germany slowed to 1.9 percent in August. Prices in industry and construction rose in August, while agriculture fell again. PwC: The number of mergers and acquisitions in the Czech Republic was the lowest in six years in the first half of the year. Prices in industry in the Czech Republic accelerated growth, while in agriculture they slowed down. Inflation in the US fell to 2.5 percent in August, the lowest in three and a half years. Saudi oil revenues will fall more than expected this decade, according to the IMF. Czech GDP grew by 0.6 percent in the second quarter, according to analysts, it is still held back by industry. Reuters: China faces a rise in obesity due to economic problems and automation.

Stock exchanges: Wood Mackenzie: Replacing China in copper supplies is impossible. The platinum market is likely to show the largest deficit in the last ten years this year.

Finance: Belgian bank KBC's profit fell by four percent, and it also fell in the Czech Republic. Air Bank Group's net profit rose by five percent to CZK 1.3 billion in the first half of the year. The Hungarian Central Bank has suspended interest rate cuts. Analysts: Floods in Central Europe may cause losses of up to billions of euros. Analysts: Funds with quality bonds are among the most advantageous investments. Jet Investment Group sold the Třebíč-based Tedom Group to the Japanese Yanmar Group. In the first half of the year, 4.12 million people had supplementary pension insurance, 100,000 fewer than last year. The net profit of the ČSOB Group in the first half of the year rose by two percent to CZK 9.5 billion. UniCredit Bank: The disadvantage of investing in residential real estate has decreased. Hypoindex: The average mortgage rate in September fell by 0.04 points to 5.38 percent. Analysts: New mortgage rules may not make early repayment more expensive. Registers: Czech debt rose by 6.7 pct in the second quarter to CZK 3.44 trillion. J&T Bank's net profit rose by 27 percent to CZK 3.94 billion in the first half of the year. Fitch downgraded Israel's rating due to increased tension in the Middle East. Survey: Almost 70 percent of Czech adults save for retirement somehow. Survey: People no longer insist on owning their own homes, only less than half want it anymore. It's time to cut interest rates, said the head of the US central bank.