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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: Inflation in the EU rose slightly again, fell again in the eurozone. 83 percent of companies felt the negative consequences of the epidemic, Ipsos found. A record number of companies specializing in acquisitions entered the stock market. The Slovak economy grew by double digits after the previous decline. Survey: Companies are coping with the second wave of the pandemic better than the first. The Turkish economy has returned to strong growth, exceeding estimates. The Indian economy is in recession for the first time in history due to the coronavirus. The crown strengthened to CZK 26.27 against the euro, reacting to tax changes. Bisnode: 20,000 people started a business with a trade license this year. Bain: Sales from the sale of luxury goods will fall to a record low this year. The Japanese economy has emerged from recession, growing at its fastest pace since 1980. Bisnode: This year, the same number of companies are going out of business as last year, when it was a record. According to estimates, annual inflation in October fell below three percent. According to Berlin, Europe must maintain data independence. Consumer confidence in Britain fell to a six-month low. According to analysts, inflation will remain below three percent for the rest of the year. The foreign trade surplus rose year-on-year to CZK 34.4 billion. The Czech Republic is among the countries coping with the coronavirus the worst. Confidence in the economy has fallen again, most among service entrepreneurs.

Stock exchanges: Bloomberg: Canadian company wants to mine "green" gold in Iceland. Gold miner Endeavour will buy competitor Terango for USD 2 billion.

Finance: NERV wants to initiate the creation of a national development bank in the future. Reuters: Spanish bank Santander will cut 4,000 jobs. Former World Bank chief James Wolfensohn has died. Czech household debt to banks rose to 1.842 trillion in October. Partners has received a license from the Czech National Bank to operate a pension company. IIF: Global debt will rise to a record 277 trillion USD due to the virus. Survey: Czechs are behaving increasingly responsibly in relation to loans. Partners: The average October performance of mutual funds was negative. Survey: 16 percent of Czechs are not familiar with any investment product. Analysis: You can pay up to 95,000 more for an annual loan of 50,000 CZK. Banks have started to individually solve repayment problems with clients. Half of Czechs would provide their birth number or ID card online. The Turkish central bank has significantly increased the base interest rate. RegioJet has received a loan guarantee of 375 million crowns. The Ministry of Finance has called on non-bank loan providers to help clients. Companies have more money in bank deposits than they owe for the third month in a row. CNB report: There is no immediate reason to change the rate setting. ČSOB's net profit fell by 57 percent this year to CZK 6.3 billion. Provident: More clients now need to borrow for current expenses. The most absurd bank fee is the fee for authorization SMS. FSB Committee: JP Morgan is no longer the most systemically important bank. ÚOHS: Česká spořitelna can buy Sparkasse. The CNB has left the reserve for protecting the credit market at 0.5 percent. Bank loans increased by CZK 198 billion to CZK 6.27 trillion in October.