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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: Fiala: The combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. Lasselsberger will sell 27 million m2 of ceramic tiles this year, less than last year. Construction is declining, trade remains in deficit, industry is growing only thanks to a weak year last year. Chinese imports and exports fell the most in two and a half years in November. The Czech National Bank left the limits for providing mortgages unchanged. German economic experts expect a milder recession next year than the government. The Slovak government has proposed a special tax on excess income of electricity producers. World Bank President: Help with energy bills for everyone is too expensive. OECD: The global slowdown will hit Europe the hardest next year. Unemployment in the Czech Republic remained at 3.5 percent in October, and will probably rise in the coming months. Atomico: The value of European technology companies has fallen by 400 billion USD this year. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. The Confederation of German Industry has called for a one-year postponement of global corporate taxation. The European Commission has approved Czech government aid to companies affected by rising energy prices. Coface: Global economic growth is expected to fall below two percent next year. Nomura: The Czech Republic, Hungary and Romania face the risk of a currency crisis. The Chamber of Deputies has approved the budget for next year with a deficit of 295 billion crowns. IMF mission: The Czech economy will fall by around half a percent next year. Analysts: The Czech economy is in imbalance, but there is no threat of a currency crisis. The Chamber of Commerce has published a yearbook for the Karlovy Vary region, mapping its condition. Analysts: This year's foreign trade deficit could exceed 200 billion CZK. Michl: The base interest rate is already at a level that dampens economic activity. Activity in the US manufacturing sector fell for the first time in two and a half years. The New Zealand central bank raised the base interest rate, warned of a recession. According to analysts, the Czech economy is entering a recession. Analysts: The situation on the labor market is deteriorating, unemployment will slowly increase. In October, the Czech National Bank spent 79 million euros on interventions, the least in the intervention period. ČSOB analysts: Inflation in the Czech Republic will fall to ten percent in 2023. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. Prime Minister: The EC will not allow unilateral favoritism of German industry. The company of the year 2022 is Biohealing, the sole proprietor is farmer Jan Bošina. Sokolovská uhelná considers the tax on extraordinary profits unfair.

Stock exchanges: Vietnamese electric car manufacturer VinFast has filed for an IPO in the US. Metal processing company Saker saw significant growth in sales and profits last year. EBRD and the Netherlands will provide 372 million euros to Ukrainian company Ukrenergo. Kovohutě Příbram wants to use photovoltaics and light heating oils.

Finance: The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million. Buffett's Berkshire increased its stakes in five Japanese trading companies. Cryptocurrency lending company Nexo will end its activities in the US. Česká spořitelna and Komerční banka reported significant profit growth in three quarters. Sberbank administrator signed a loan sale agreement, ČS offered CZK 41.1 billion. Britain's financial services sector faces biggest changes in more than 30 years. The head of bankrupt financial firm Wirecard is on trial in Germany. The number of people in supplementary pension schemes has increased by 136,000 this year, to 1.6 million. Buffett's Berkshire has bought a stake in Taiwanese chipmaker TSMC.