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Government Dissolves Public Broadcasters in Media Row

POLAND
  • Prime Minister Donald Tusk’s cabinet placed public television and radio under liquidation after the president vetoed legislation late yesterday evening which provided subsidies to state-run media amid a political standoff over the broadcasters. Culture Minister Sienkiewicz said that Telewizja Polska SA, Polskie Radio SA and news agency Polska Agencja Prasowa SA have been disbanded after a “suspension in financing” due to the President’s veto. The liquidation status will help to efficiently restructure public media and avoid layoffs amid a lack of public funding, the ministry said.
  • Elsewhere, the Finance Ministry seeks to expend mortgage moratoriums to 2024 and limit such aid to borrowers whose monthly loan instalments exceed 35% of their income, according to draft bill on government’s legislation website. The estimated maximum cost for the plan for banks is PLN3.6bln.
  • The Parliamentary Finance Committee will discuss the monetary policy plan for 2024 as well as Financial Stability Committee activities at 1500 local time. There are no local economic releases until Manufacturing PMI data on Jan 02.

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