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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: Every third European claims to have lost some of their income due to the pandemic. Analysts: Construction could fall the most since 2012. Experts: The development in the allowance market was the most interesting ever this year. Bisnode: The number of companies at risk in the Czech Republic increased by a quarter to 21,900. In South Moravia, hauliers are especially worried about a no-deal Brexit. The Slovak Central Bank has improved the outlook for the country's economy. The Confederation of Industry is concerned about an increase in the European climate target. The value of mergers and acquisitions has fallen to its lowest level in three years this year. Křetínský is reorganizing his group, Tkáč is likely to return to EPH. The Ministry of Finance sold bonds for five billion crowns, interest was again greater. Analysts: Foreign trade also performed better than expected in October. The measures will probably be tightened on Friday, the public vaccination will be in February. The British economy grew by a record 16 percent in the quarter. A record 370,000 people lost their jobs in Britain in three months. Employers: The Czech economy can start growing in 2021. Cuba announced a currency reform, the convertible peso will end. The Unicorn Group increased its sales year-on-year to CZK 4.7 billion. CEBR: China will overtake the US economically in 2028. Confidence in the economy increased in December after a two-month decline. The Slovak economy slowed down the pace of decline to 2.4 percent. Inflation in the EU fell to 0.2 percent, the eurozone remains in deflation.

Stock exchanges: Turkey announced the discovery of a giant gold deposit. Analysts: Gold rose 20 percent this year, outlook is good.

Finance: November inflation was lower than the CNB estimated. Survey: Almost every second Czech thinks the crisis is here. Press: Italian bank Monte dei Paschi could cut up to 6,000 jobs. RTR: Morgan Stanley will move 100 billion euros from Britain to Frankfurt. Gold and other precious metals have risen in price by tens of percent this year. EIB will lend almost nine billion crowns to Czech companies. Index: Average mortgage rate in November lowest since March 2017. Société Générale to close 600 branches in France within five years. Bloomberg: Banks have already announced the largest layoffs in 5 years this year. CNB report: Strong growth in mortgages and housing prices is surprising. Commerzbank has agreed with the unions to eliminate 2,300 jobs. The Fed has promised to buy bonds until the economy recovers. The Czech National Bank has supported the financing of more than 10,000 projects, a record. The performance of equity funds in November rose to 5.1 percent. LN: J&T Banka bought its headquarters in Invalidovna for 2.1 billion crowns. Interest in bonds for citizens in the ninth issue has increased, a new one is starting. Household debts increased by 12 billion in November, while those of companies decreased. Entrepreneurs from COVID programs received 36 billion CZK as of November 30. E15: AAA Auto was fined by the Czech National Bank for errors in car loans. The head of the Polish central bank does not rule out further interest rate cuts. Fed: Economic activity in several regions has slowed down due to the virus. Fed: Top US banks in good shape despite pandemic.