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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: Business confidence in Germany rose for the fifth consecutive month in September. IMF: Economic outlook not as bad as expected. Epiq: Number of corporate bankruptcies in the US has risen by a third so far this year. Deloitte in the Czech Republic has withdrawn a study on the impact of warming on the economy. Experts: Temporary abolition of super-cheap wages will make the system unclear. Analysts: Industry was unpleasantly surprised, September should be better. JCDecaux has started arbitration with the Czech Republic over the rental of advertising space. Deutsche Bank: Economy will fully recover by the middle of next year. Dlouhý: Entrepreneurs are most worried about blanket measures. The decline in the US economy was milder in the quarter than expected. Consumer price growth slowed again, to 3.2 percent in September. GLP is building an industrial zone in Ostrava for more than a billion crowns. Euler Hermes expects an eight percent increase in corporate insolvencies in the Czech Republic this year. Growth in confidence in the Czech economy accelerated in September. French Vinci offers 5.2 billion euros for part of Spanish ACS. Proposal: Part of future EU money for employment will be spent on transport. Production of a wood processing sawmill in Štětí was ceremonially launched. Survey: Growth in business activity in the eurozone has almost stopped.

Stock markets: Metal processor Saker's sales fell to 2.321 billion CZK last year. The US is imposing tariffs on aluminum sheets from 18 countries.

Finance: The Fed has extended restrictions on banks' dividend payments and share buybacks. Banks have provided call center operators to trace the infected. Finemo.cz: About 400 seniors have used a reverse mortgage in five years. Analysts: The price of gold has increased by a quarter this year, silver by a third. ECB intensifies work on a digital euro. Bank loans increased by 13 billion in August to 6.19 trillion CZK. American bank Citigroup must pay a fine of 400 million dollars. Over 80 percent of Czechs believe that the price of life is incalculable. Association: Interest in deferring payments is declining, Czechs are starting to pay off loans. PPF Telecom Group issued seven-year bonds for half a billion euros. Reuters: Deutsche Bank will close a fifth of its branches due to the virus. Banks have received 401,000 applications for deferring payments as of September 18. KPMG: Household finances are starting to feel the economic slowdown. France will stimulate the economy with a package of 42 billion euros next year. Household debts with banks rose to 1.819 trillion crowns in August. Komerční banka is taking an ownership stake in the financial company Roger. According to estimates, the Czech National Bank will leave interest rates unchanged on Wednesday. PPF banka's net profit increased by 14 percent this year to 1.2 billion CZK. EY: 7,500 jobs in the financial sector left Britain due to Brexit. Survey: 70 percent of Czechs have experience with installment purchases. Spanish central bank: strict quarantine will worsen the expected crisis. Most funds have lost money this year, with stocks losing an average of four percent. VZP: Interest in flu vaccination has increased by a third in eight years. The Hungarian central bank surprisingly increased the deposit rate. Leasing and installment companies approved 79,000 installment deferrals.