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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: Agricultural Union: The crisis needs to be addressed even at the cost of high deficits. Confidence in the economy increased slightly in November, entrepreneurs remain pessimistic Special instructions: In paragraphs 1, 4 and 5 we have added analysts' opinions, in paragraphs 6 to 9 we have added additional information from the survey. Confidence in the Czech economy has fallen below 90 points for the first time since March last year. The Chinese economy has returned to growth, but further government steps are causing concern. Inflation in the eurozone was again a record high in October, rising to 10.7 percent. Nobel Prize laureates pointed to the fragility of banks and the need for regulation. Unemployment in the Czech Republic remained at 3.5 percent in October, and is likely to rise in the coming months. The Turkish central bank has cut interest rates to nine percent despite high inflation. Grocers have called on the government to solve the energy crisis. Síkela: There is enough money for the energy transformation, countries must focus on projects. Beijing is delaying the publication of data on economic development during the Communist Party Congress. Central banks bought a record 399 tons of gold in the quarter. The government approved an increase in funding for film incentives to 1.4 billion crowns. The New Zealand central bank raised the base interest rate, warned of a recession. The inflation rate in the US surprisingly fell to 7.7 percent in October. Analysts: The situation on the labor market is worsening, unemployment will slowly increase. A machine shop in Śląskie has become the company of the year in South Moravia, a blacksmith is the sole proprietor. World Bank President: Help with energy bills is too expensive for everyone. Analysts: This year's foreign trade deficit could exceed CZK 200 billion. The Polish central bank has left the base interest rate at 6.75 percent. Pirates will not propose a tax on unexpected profits for this year. The British finance minister promises that he will be able to restore the confidence of financial markets. OECD: The global slowdown will hit Europe the hardest next year. Analysts: The Czech economy is in imbalance, but there is no threat of a currency crisis. Shell does not pay the 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. The Czech National Bank has worsened its estimate of the development of the Czech economy, predicting inflation of 15.8 percent. KFC and McDonald's in the Czech Republic have increased prices this year, with cheeseburgers becoming more expensive by a fifth. Inflation rose to 18 percent in September, and according to the Czech National Bank and analysts, it is approaching its peak. Construction is declining, trade remains in deficit, industry is growing only thanks to a weak last year. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. Unemployment in Slovakia has fallen to a more than two-year low of 5.90 percent.

Stock exchanges: Saker, a metal processing company, saw significant increases in sales and profits last year. EBRD and the Netherlands will provide 372 million euros to the Ukrainian company Ukrenergo. Russian aluminum producer Rusal has added business contracts for next year. Germany has called for a halt to the development of deep-sea mining due to environmental concerns.

Finance: The British government will cancel almost all planned tax cuts that have worried the markets. Komerční banka shareholders approved a dividend of CZK 55.50 per share before tax. Société Générale's quarterly profit fell, but exceeded expectations. Credit Suisse bank plunged into loss, will increase capital by CHF 4 billion. Sberbank administrator signs loan sale agreement, ČS offered CZK 41.1 billion. Buffett's Berkshire increased stakes in five Japanese trading companies. Banks: The share of problematic bank loans in the Czech Republic stopped falling in September. MF: European MPs confirmed the final version of the regulation on the regulation of cryptocurrencies. Buffett's Berkshire bought a stake in Taiwanese chip manufacturer TSMC.