Wojciech Moskwa

1 week ago | bloomberg.com | Wojciech Moskwa |Agnieszka Barteczko

Warner Bros. Discovery Inc. decided to keep control over its Polish unit after ending a strategic review which included options to sell TVN SA. The fate of TVN’s 24 television channels, including one of the country’s most-watched news networks, has become a political hot-potato in the nation bordering war-torn Ukraine. Tensions over the potential sale escalated further ahead of Poland’s presidential election, which will be held next month, with a probable run-off set for June.

1 week ago | news.bloomberglaw.com | Wojciech Moskwa

Warner Bros. Discovery Inc. will keep control over its Polish unit after ending a strategic review which included options to sell TVN SA. “We decided that the optimal option is for TVN to remain within WBD’s structures and develop our business within one group,” Warner Bros. said in a statement published on a TVN website on Monday.

2 weeks ago | bloomberg.com | Wojciech Moskwa

Polish investors should avoid making “nervous decisions” amid a rout in global markets as Warsaw stocks are backed by “political and economic stability,” Prime Minister Donald Tusk said. The country’s WIG20 index fell as much as 7% on Monday before recovering some losses to trade 3.4% lower as of 10:50 a.m. in Warsaw. In the past three sessions, the gauge has lost 15%, a steepest selloff since Russia’s full-scale invasion of neighboring Ukraine three years ago.

2 weeks ago | financialpost.com | Agnieszka Barteczko |Wojciech Moskwa

Glapinski said the U-turn was shared by a majority of his 10-member Monetary Policy Council and triggered by slower-than-expected price growth during the first quarter. Yet the governor had said nothing to suggest his hawkish stance was in doubt as recently as March 27, even after headline inflation undershot forecasts for three months. “This is quite a bombshell,” said Monika Kurtek, chief economist at Bank Pocztowy SA.

2 weeks ago | bloomberg.com | Agnieszka Barteczko |Wojciech Moskwa

Polish central banker Adam Glapinski has an all-or-nothing style that’s hard to grasp for financial markets. A week after insisting there were no grounds for monetary easing, the governor said that he may personally file a motion to cut interest rates as soon as May. The self-described “radical shift” in the outlook announced by Glapinski on Thursday sent the zloty and Polish stocks sliding. But it’s not the first time that he has wrong-footed investors.