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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: The average company spends 223 hours a year on paperwork, less than last year. Duha presented ecological proposals for the recovery plan. The production of a wood processing sawmill in Štětí was ceremonially launched. The Nobel Prize in Economics was won by Americans Milgrom and Wilson. The growth of consumer prices slowed down again, to 3.2 percent in September. Škoda Auto again paid the most in income tax to the state last year. The decline in the US economy was milder in the quarter than expected. Economists: Thanks to the new Nobel Prize laureates, auctions are common. Experts: Temporary abolition of the super-cheap wage will make the system unclear. Business confidence in Germany rose for the fifth consecutive month in September. IMF: Economic prospects are not as bad as expected. The Slovak central bank has improved its economic outlook. Survey: Growth in business activity in the eurozone has almost stopped. Year-on-year inflation fell to 3.2 percent in September, and is likely to continue to fall. Growth in confidence in the Czech economy accelerated in September. Exporters expect a loss of exports of 300 to 500 billion due to Covid. Epiq: The number of corporate bankruptcies in the US has increased by a third so far this year. Deloitte in the Czech Republic has withdrawn a study on the impact of warming on the economy. EBRD expects a more significant economic decline in the countries where it operates.

Stock exchanges: Metal processor Saker's sales fell to 2.321 billion CZK last year. Construction material supplies fell by up to 30 percent, miners report.

Finance: Home Credit plunged into a loss of 16.8 billion CZK due to the pandemic. Morgan Stanley buys asset manager Eaton Vance for seven billion USD. The Czech National Bank revoked the license of Prague currency exchange Changer. Arca Capital agreed on financing with Blantyre Capital. American bank Citigroup must pay a fine of 400 million USD. Household debts with banks rose to 1.819 trillion CZK in August. Airlines in the US will cancel more than 30,000 seats without further state aid. VZP: Interest in flu vaccination has increased by a third in eight years. Over 80 percent of Czechs believe that the price of life is incalculable. Survey: Almost a third of Czechs have felt the impact of the pandemic on their finances. Loan provider Zonky has become part of Air Bank. Survey: An unexpected event has befallen 80 percent of Czechs in five years. Survey: Czechs most often save 1,000 to 3,000 crowns per month. JPMorgan to pay $920 million for market manipulation. ECB intensifies work on digital euro. EY: 7,500 jobs in the financial sector left Britain due to Brexit. Fed extends restrictions on dividend payments and share buybacks for banks. Banks received 401,000 applications for payment deferrals as of September 18. IMF: Africa needs $1.2 trillion to overcome the impacts of Covid. Survey: 70 percent of Czechs have experience with installment purchases. KPMG: Household finances are starting to feel the cooling of the economy. Finemo.cz: Approximately 400 seniors have used a reverse mortgage in five years. Housing loans rose 30 percent year-on-year in August to CZK 17 billion. Analysts: The price of gold has risen by a quarter this year, silver by a third.