75 800,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: According to economists, the new forecast of the Ministry of Finance is quite realistic. Trinity: The automotive industry is among the most affected sectors of the economy. Inflation in Slovakia in August was the lowest since the summer of 2017. Cuba is said to be planning the first official devaluation of the peso since 1959. Survey: Growth in business activity in the eurozone has almost stopped. Industrial production in the Czech Republic eased the decline to five percent in July. Consumer prices in the US rose by 0.4 percent in August. Statisticians confirmed a 12.1 percent decline in the Slovak economy. 62 applications for the COVID spa program have been submitted for 645 million CZK. Deloitte: The Czech Republic ranks 25th out of 163 countries in terms of quality of life. Developer CTP reduced profit by 29 pct to 2.7 billion CZK, revenue increased. Business confidence in Germany increased for the fifth consecutive month in September. Deloitte: Warming will have a positive impact on the Czech economy. A record number of companies applied for protection from creditors at the end of August. Škoda Auto again paid the most in income tax to the state last year. Prices were 3.3 pct higher in August compared to last year, alcohol became more expensive. The number of corporate insolvencies in Germany fell in the first half of the year. Bisnode: 81 pct of companies have not yet published their results for last year. The self-employed person of the year in the Ústí nad Labem region is engaged in the restoration of monuments. The Czech Statistical Office will announce how industry, trade and construction performed in July. Analysts: Inflation may be the highest for the entire year since 2008. Most Czech companies do not prohibit workers from traveling abroad. Experts: Temporary abolition of super-high wage will make the system confusing.

Stock exchanges: Miners have seen a 30 percent drop in demand this year. The price of gold has fallen to a two-month low.

Finance: Leasing and installment companies have approved 79,000 installment deferrals. Atradius: The number of companies in insolvency worldwide will increase by 26 percent this year. The pandemic will reduce Germany's tax revenues by almost 20 billion euros in 2021. Reuters: Deutsche Bank will close a fifth of its branches due to the virus. According to the co-owner, the Arca Group will not pay all its obligations. Reuters: Caixabank and Bankia have agreed in principle to merge. Moody's has downgraded Turkey's credit rating by one notch. British bank Lloyds will cut 865 jobs, create new ones. UBS will start advising clients on sustainable investments. Survey: An unexpected event has befallen 80 percent of Czechs in five years. Survey: Almost a third of Czechs have felt the impact of the pandemic on their finances. ČSOB was fined CZK 1.5 million by the Czech National Bank due to the exchange of banknotes. Index: Most mutual funds remain in loss this year. PPF Bank's net profit increased by 14 percent this year to CZK 1.2 billion. As of September 4, banks approved 358,000 applications for deferral of loan payments. The Hungarian Central Bank surprisingly increased the deposit rate. Banks provided call center operators to trace the infected. As of August 28, banks accepted 399,000 applications for deferral of loan payments. Sellers: Sales of investment coins in the Czech Republic are now growing at a record rate. Hypoteční banka and ČMSS will have the same management from next year.