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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: GLP is building an industrial zone in Ostrava for more than a billion crowns. JCDecaux has started arbitration with the Czech Republic over the lease of advertising space. Deloitte: Global warming will have a positive impact on the Czech economy. Škoda Auto once again paid the most income tax to the state last year. Industry analysis: 70 percent of companies expect a decline in profitability this year. The New Zealand economy has suffered a record decline due to the coronavirus. Duha presented ecological proposals for the recovery plan. Cuba is said to be planning the first official devaluation of the peso since 1959. Developer CTP reduced profit by 29 pct to 2.7 billion CZK, revenues increased. Scientists from CzechGlobe oppose the claim that global warming will help the economy. Inflation in Slovakia in August was the lowest since the summer of 2017. Dlouhý: Entrepreneurs are most worried about blanket measures. Analysts: Inflation may be the highest for the entire year since 2008. According to the Budget Forecast Committee, the Ministry of Finance's forecast is realistic. Most Czech companies do not prohibit workers from traveling abroad. In a number of Moravian-Silesian companies, workers do not have to wear masks. Consumer prices in the US rose by 0.4 percent in August. Survey: Growth in business activity in the eurozone has almost stopped. 62 applications for 645 million CZK have been submitted for the COVID Spa program. Bloomberg: The world's most stable currency protects exports from Taiwan. The Ministry of Finance sold bonds for 5.1 billion CZK, interest was greater.

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

Finance: VZP: Interest in flu vaccination has increased by a third in eight years. PPF Telecom Group issued seven-year bonds for half a billion euros. The ECB left monetary policy, including interest rates, unchanged. Moody's downgraded Turkey's credit rating by one notch. Lloyd's of London insurance market has a loss of 400 million pounds. Millions of bank accounts have increased in Latin America during the pandemic. US airlines will cancel more than 30,000 seats without further state aid. PPF Bank's net profit increased by 14 percent this year to CZK 1.2 billion. The US budget deficit for 11 months was three trillion dollars. Survey: 80% of Czechs have experienced an unexpected event in five years. The Hungarian Central Bank surprisingly increased the deposit rate. As of September 11, banks had received 400,000 applications for payment deferrals. Over 80% of Czechs believe that the price of life is incalculable. The ECB is considering changing its current policy due to the coronavirus. JPMorgan will pay USD 920 million for market manipulation. Reuters: Spanish banks Caixabank and Bankia have approved a merger. The Czech National Bank approved support of CZK 38 billion by August, 2.5 times more year-on-year. Hypoteční banka and ČMSS will have the same management from next year. As expected, the Fed left interest rates unchanged, improved the outlook. The Czech National Bank Council unanimously left interest rates unchanged today. Banks provided call center operators to trace the infected. Survey: 70 percent of Czechs have experience with installment purchases.