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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: Analysts: Lower unemployment is due to the season and government support. According to analysts, inflation will remain below three percent for the rest of the year. Dlouhý: Parameters of the anti-epidemic system will make business impossible. 83 percent of companies felt the negative consequences of the epidemic, Ipsos found. CRIF: The fewest companies will be created in the Czech Republic this year since 2014. Bisnode: The same number of companies will disappear this year as last year, when it was a record. The Polish central bank improved its outlook for full-year GDP development. Growth in business activity in the eurozone has stopped due to the virus. Business activity in the eurozone has fallen sharply due to the closures. A record number of companies specializing in acquisitions have entered the stock market. Inflation in the EU has risen slightly again, but in the eurozone it has fallen again. The crown strengthened to CZK 26.27 against the euro, reacting to tax changes. Prices in Japan fell the most in a decade, deflation threatens. Think-thank IDEA proposed a tax change that would be more economical for the budget. Ministry of Education, Youth and Sports: The Czech Republic will gain access to one of the fastest computers in the world. Large companies will probably reduce dividends this year the most since 2009. The foreign trade surplus increased year-on-year to CZK 34.4 billion. Unemployment fell to 3.7 percent, but growth is expected by the end of the year. The Moore CR group took over the Brno-based company Audit - Daně. According to estimates, annual inflation in October fell below three percent.

Stock exchanges: The price of gold fell to a four-month low near USD 1,830.

Finance: RegioJet received a loan guarantee of 375 million crowns. Raiffeisenbank's net profit fell by 53 percent this year to 1.7 billion CZK. Partners: The average October performance of mutual funds was negative. Euler Hermes: The pandemic negatively affected 54 percent of European companies. The four largest banks' profit fell by 21.5 billion to 24.5 billion CZK. The Turkish central bank significantly increased the base interest rate. Golden Gate CZ's revenue increased by 110 percent to three billion CZK. Allianz's quarterly profit surprisingly increased. Buffett sold part of Apple shares and invested in pharmaceuticals. Bank loans fell by 120 billion to 6.07 trillion CZK in September. Erste Group's profit fell by almost half. Komerční banka's profit fell by 45 percent to CZK 6.1 billion in three quarters. Australia has reduced its base interest rate to a minimum due to the coronavirus. Hypoindex: The average mortgage rate in October fell for the seventh time in a row. PayPal increased its profit by 121 percent, helped by the coronavirus. Hypoteční banka: The mortgage market will reach a record CZK 230 billion this year. PPF Group fell into a loss of CZK 10.32 billion in the first half of the year. Survey: Czechs are behaving increasingly responsibly in relation to loans. The value of banknotes and coins in circulation exceeded CZK 700 billion for the first time. The Ministry of Finance called on non-bank loan providers to help clients. The most absurd bank fee is the fee for authorization SMS. ÚOHS: Česká spořitelna can buy Sparkasse. Interest in EU bonds to address the impacts of the coronavirus crisis persists. Analysis: For an annual loan of 50,000 CZK, you can pay up to 95,000 more.