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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: British Finance Minister promises to restore confidence in financial markets. Britain raises base rate by 0.75 percentage point, highest in 33 years. Michl: Base rate is already at a level that dampens economic activity. IMF again worsens global economic growth outlook for next year. OECD: Global slowdown will hit Europe hardest next year. Government approves increase in film incentives to CZK 1.4 billion. The Czech National Bank, as expected, left the base rate at seven percent. Nomura: Czech Republic, Hungary and Romania face risk of currency crisis. According to analysts, the Czech economy is entering recession. Analyst: The Czech National Bank supported the koruna exchange rate by CZK 59 billion in August, less than in July. The company of the year in South Moravia was a machine shop from Úslovany, the tradesman was a blacksmith. According to Vestagerová, the importance of antitrust authorities is growing in the crisis. The company of the Pilsen region is nanoSPACE from Domažlice, the tradesman is a carver Karel Tittl. According to Schillerová, the actual deficit of Stanjur's budget is CZK 470 billion. Study: In October, the number of corporate bankruptcies fell, while business bankruptcies rose. German economic experts expect a milder recession than the government next year. Food producers have called on the government to solve the energy crisis. The European Commission has approved the Czech government's aid to companies affected by rising energy prices. Fiala: The combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. Prime Minister: The EC will not allow unilateral favoritism of German industry. Putin should have come to confront us, Sunak told the leaders of the G20 group. New Zealand central bank raises base rate, warns of recession. The House of Representatives approved the parameters of the budget for next year with a deficit of 295 billion CZK. Analysts: This year's foreign trade deficit could exceed 200 billion CZK. The Czech National Bank worsened its estimate of the development of the Czech economy, predicting inflation of 15.8 percent. The inflation rate in the US surprisingly fell to 7.7 percent in October. Holub: The Czech National Bank should raise interest rates at least once more due to inflation. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. Three Americans have won the Nobel Prize in Economics for their research on banks and financial crises. Unions consider the new tax an open attack on mining and energy companies. The Cuban government is looking for a solution to its energy crisis in Turkey, China or Russia. Inflation has exceeded market expectations, according to analysts it is close to its peak. Survey: Almost half of Poles intend to limit spending on Christmas gifts this year.

Stock exchanges: Germany has called for a halt to the development of deep-sea mining due to environmental concerns. Analyst: Gas and oil prices have risen by tens of percent this year, while precious metals have become cheaper. France wants to open one of the largest lithium mines in Europe by 2027.

Finance: MF: European MPs have confirmed the final version of the regulation on the regulation of cryptocurrencies. Komerční banka shareholders will decide on the dividend from November 6 to 21. Study: Global banking revenues will grow by more than six percent annually. HN: The renamed Fair Credit company has filed for insolvency. Société Générale's quarterly profit fell, but exceeded expectations. Buffett's Berkshire bought a stake in Taiwanese chipmaker TSMC. Banks: The share of problematic bank loans in the Czech Republic stopped falling in September. Swiss Credit Suisse is working on a possible capital increase, according to sources. Survey: Czechs are keeping less and less cash at home.