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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: Euler Hermes expects an eight percent increase in corporate insolvencies in the Czech Republic this year. Most Czech companies do not prohibit workers from traveling abroad. Investor confidence in the eurozone economy has fallen for the first time in six months. In August, 881 companies were added to the Czech Republic, 61 fewer than in July. IMF: Economic prospects are not as bad as expected. JCDecaux has initiated arbitration with the Czech Republic over the rental of advertising space. Scientists from CzechGlobe oppose the claim that warming will help the economy. The Slovak Central Bank has improved the economic outlook. The production of a wood processing sawmill in Štětí was ceremonially launched. The Ministry of Finance's forecast is realistic according to the Budget Forecast Committee. Analysts: Industry was unpleasantly surprised, September should be better. 62 applications for 645 million CZK have been submitted for the COVID Spa program. Deutsche Bank: The economy will fully recover by the middle of next year. Deloitte in the Czech Republic withdrew a study on the impact of warming on the economy. Survey: Growth in business activity in the eurozone has almost stopped. The Ministry of Finance sold bonds for 5.1 billion CZK, interest was greater. Trinity: The automotive industry is among the most affected sectors of the economy. Bloomberg: The world's most stable currency protects exports from Taiwan. Experts: Temporary abolition of the super-cheap wage will make the system unclear. Developer CTP reduced profit by 29 pct to 2.7 billion CZK, revenues increased.

Stock exchanges: Central banks' gold reserves increased by 5,000 tons in ten years. The price of gold fell to a two-month low.

Finance: Banks provided call center operators to trace the infected. The Hungarian central bank surprisingly increased the deposit rate. VZP: Interest in flu vaccination has increased by a third in eight years. Housing loans increased by 30 percent year-on-year in August to 17 billion CZK. The Spanish central bank: strict quarantine will worsen the expected crisis. Bank loans increased by 13 billion in August to 6.19 trillion CZK. Arca Capital is completing preparations for the entry of a strategic partner. Over 80 percent of Czechs believe that the price of life is incalculable. The Czech Ministry of Finance has approved support of 38 billion CZK by August, 2.5 times more year-on-year. Association: Interest in deferring repayments is declining, Czechs are starting to pay off loans. Analysts: The price of gold has increased by a quarter this year, silver by a third. According to estimates, the Czech National Bank will leave interest rates unchanged on Wednesday. Survey: Almost a third of Czechs have felt the impact of the pandemic on their finances. Household debts with banks rose to 1.819 trillion crowns in August. Home Credit plunged into a loss of 16.8 billion CZK due to the pandemic. Finemo.cz: Approximately 400 seniors have used a reverse mortgage in five years. ECB is intensifying work on the digital euro. As of September 11, banks had received 400,000 applications for payment deferrals. Government debt for this year's second quarter is the highest in 20 years. Hypoteční banka and ČMSS will have the same management from next year. Raiffeisenbank will take control of Raiffeisen stavební spořitelna. The British central bank left monetary policy unchanged. US airlines to cut more than 30,000 seats without further government aid.