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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: The Turkish central bank has cut interest rates to nine percent despite high inflation. The Chamber of Deputies has approved the parameters of the budget for next year with a deficit of CZK 295 billion. Lasselsberger will sell 27 million m2 of ceramic tiles this year, less than last year. Confidence in the Czech economy has fallen below 90 points for the first time since March last year. According to the central bank, the German economy is apparently on the verge of recession. The Chamber of Deputies has approved the budget for next year with a deficit of CZK 295 billion. Economists: The Eurozone is facing a significant economic recession, recovery will be slow. Agricultural Union: The crisis needs to be resolved even at the cost of high deficits. The Polish central bank has left the base interest rate at 6.75 percent. The Confederation of German Industry has called for a one-year postponement of global corporate taxation. Fiala: The combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. Nomura: The Czech Republic, Hungary and Romania face the risk of a currency crisis. Analysis: Real wages in the Czech Republic are falling the most among OECD countries, even since the founding of the state. The government approved an increase in funding for film incentives to 1.4 billion crowns. The CNB left the limits for providing mortgages unchanged. Study: In October, the number of corporate bankruptcies fell, while business bankruptcies rose. Inflation in the eurozone was again a record in October, rising to 10.7 percent. According to Schillerová, the actual deficit of Stanjur's budget is 470 billion CZK. Coface: World economic growth should fall below two percent next year. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. Putin should have come to confront us, Sunak told the leaders of the G20 group. China's economy accelerated its growth rate to 3.9 percent in the third quarter. OECD: Global slowdown will hit Europe hardest next year. World Bank President: Help with energy bills for everyone is too expensive. Analysts: This year's foreign trade deficit could exceed CZK 200 billion. The Czech National Bank has worsened its estimate of the development of the Czech economy, predicting inflation of 15.8 percent. The Chinese economy has returned to growth, but concerns are being raised about the government's further steps. Analysts: The Czech economy is in imbalance, but there is no threat of a currency crisis. Shell does not pay tax on extraordinary profits in Britain yet, it will legally avoid it. The Norwegian Central Bank has raised the base interest rate again, which is the highest since 2009. Economists: The budget deficit will be significantly above CZK 300 billion next year.

Stock exchanges: Analyst: Gas and coal prices have increased by tens of percent this year, precious metals have fallen in price. Russian aluminum producer Rusal has added business contracts for next year. EBRD and Netherlands to provide 372 million euros to Ukrainian company Ukrenergo. Analyst: Gas and oil prices have increased by tens of percent this year, precious metals have fallen in price.

Finance: According to sources, Swiss Credit Suisse is working on a possible capital increase. American cryptocurrency company BlockFi has filed for bankruptcy protection. Survey: Czechs are keeping less and less cash at home. Hungary is approaching billions from the EU budget, according to the minister, it has complied with Brussels. Česká spořitelna and Komerční banka reported significant profit growth in three quarters. McLaren sells part of its vintage car collection to raise money for Arthur's new supercar. Buffett's Berkshire buys stake in Taiwanese chipmaker TSMC. Credit Suisse plunges into loss, raises CHF4 billion in capital. Société Générale's quarterly profit falls but beats expectations. Home Credit sells assets in the Philippines and Indonesia for almost CZK15 billion.