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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: Bundesbank expects strong growth in the German economy after the second wave of the virus. The number of suspended businesses has increased by 39 percent this year to 90,000. Czechs generally save on energy, companies pay extra for electricity. New head of the Czech Competition Authority Petr Mlsna takes office. The Indian economy is in recession for the first time in history due to coronavirus. MSCI will exclude Chinese companies from global indices. The Czech Republic is among the countries that are coping with coronavirus the worst. The pandemic has significantly reduced emissions in Europe, in aviation by half. HK: Support for entrepreneurs from the budget deficit is less than 20 percent. The Slovak Central Bank has improved the outlook for the country's economic development. Inflation in the EU has fallen to 0.2 percent, the eurozone remains in deflation. Every third European claims to have lost some of their income due to the pandemic. Křetínský is reorganizing his group, Tkáč will probably return to EPH. The Turkish economy has returned to strong growth, exceeding estimates. Business activity in the eurozone weakened sharply in November. Analysts: Foreign trade also performed better than expected in October. Activity in Chinese factories grew at the fastest rate in three years. The rate of growth of female unemployment is a third faster than that of men. The French central bank has worsened the GDP outlook for next year. Cuba has announced a currency reform, the convertible peso will end. Atradius: The world economy will fall by 4.3 percent this year,.

Finance: The Czech National Bank has left the reserve to protect the credit market at 0.5 percent. CNB's record: The strong growth of mortgages and housing prices is surprising. Société Générale to close 600 branches in France within five years. Heureka Group to increase five-year bond issuance to CZK 650 million. Czech household debt to banks rose to CZK 1.842 trillion in October. Gold sales in the Czech Republic are rising significantly during the pandemic. The Czech National Bank has fined Expobank CZ CZK 20 million. Bloomberg: Banks have already announced the largest layoffs in 5 years this year. Equity fund performance rose to 5.1 percent in November. ECB: Consumers are using cashless payments more due to the virus. The Bank of England has left monetary policy unchanged. The Central Bank: British banks will withstand Brexit and Covid-19. The EIB will lend almost nine billion crowns to Czech companies. The Czech National Bank has drawn attention to the activities of the CROWD1 Network and Impact Crowd. Half of Czechs would provide their birth number or ID card online. ČSOB survey: Half of companies had to reduce their activities. Moore CR group buys Pagina Bohemia and Pagina Tax. ČMZRB supported the financing of more than 10,000 projects, a record. Banks' net profit for three quarters fell by 45 pct. to CZK 38.6 billion. Banks' net profit for three quarters fell by CZK 31.7 billion to CZK 38.6 billion. Provident: More clients now need to borrow for current expenses. Penta co-owner Haščák has given up executive positions in the group. According to the CNB, the banking sector has maintained its resilience even during the pandemic. Fed: Economic activity in several regions has slowed due to the virus.