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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: Year-on-year decline in construction production slowed to 10.4 percent in July. Experts: Temporary abolition of super-cheap wages will make the system unclear. Most Czech companies do not prohibit workers from traveling abroad. Deloitte: Warming will have a positive impact on the Czech economy. Deutsche Bank: The economy will fully recover by the middle of next year. Euler Hermes expects an eight percent increase in corporate insolvencies in the Czech Republic this year. Wages in the Hradec Králové region fell by 0.4 percent in the second quarter to 32,521. In a number of Moravian-Silesian companies, workers do not have to wear masks. Investor confidence in the eurozone economy has increased again. CNBC: Technology companies will recoup the digital tax. Exports from China increase the most in almost 1.5 years, but imports have fallen. The record decline in the EU and eurozone economies was lower than expected. The number of corporate insolvencies in Germany fell in the first half of the year. JCDecaux has initiated arbitration with the Czech Republic over the rental of advertising space. 62 applications for CZK 645 million have been filed for the COVID spa program. A record number of companies applied for protection from creditors at the end of August. In August, 881 companies were added to the Czech Republic, 61 fewer than in July. Bloomberg: The world's most stable currency protects exports from Taiwan. Bisnode: 81 percent of companies have not yet published their results for last year. The number of people without a job in August was the highest in the last three years. Consumer prices slowed to 3.3 percent in August. Three companies, including the Czech Charvát group, are investing in Slovakia. Statisticians confirmed a 12.1 percent decline in the Slovak economy. The foreign trade surplus in July increased to CZK 13.4 billion. IDEA: The abolition of the super gross wage is the least beneficial for low-income earners. The New Zealand economy has fallen to a record low due to the coronavirus.

Stock exchanges: American battery manufacturer QuantumScape is going public.

Finance: Survey: Czechs most often save 1,000 to 3,000 crowns per month. As expected, the Fed left interest rates unchanged, improving the outlook. The CNB Council unanimously left interest rates unchanged today. PPF Telecom Group issued seven-year bonds for half a billion euros. British bank Lloyds will eliminate 865 jobs, create new ones. EY: 37 percent of Czechs are unaware of cyber risks. Raiffeisenbank will take control of Raiffeisen Building Society. The Czech National Bank is expected to leave interest rates unchanged on Wednesday. Banks have accepted 400,000 applications for payment deferrals as of September 11. According to the co-owner, the Arca Group will not pay all its obligations. Reuters: Spanish banks Caixabank and Bankia have approved a merger. The ECB has left monetary policy, including interest rates, unchanged. Building societies have provided loans worth one trillion CZK since 1993. Leasing and installment companies have approved 79,000 payment deferrals. Banks have approved 358,000 applications for payment deferrals as of September 4. Reuters: Deutsche Bank will close a fifth of its branches due to the virus. Index: Most mutual funds will remain in loss this year. Reuters: Caixabank and Bankia have agreed in principle to merge.