Sunday, July 25, 2021
Times of Georgia
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1.5 mln GEL in debt to be written off for 24 radio companies in Georgia

Following the request of 24 radio companies operating in Georgia, the government has decided to write off accumulated debt worth 1.5 million GEL for the radio companies by the end of the year, announces Minister of Economy Natia Turnava.

Minister Turnava said that revenues of radio companies had decreased dramatically due to the lack of advertisements during the pandemic.

The main source of income for radio companies is advertising. Economic activity was hampered in 2020, and of course, their revenues either stopped or decreased. Therefore, the government has decided to write off the debt they face”, said Turnava.

Last week Prime Minister Irakli Garibashvili announced that unpaid fines worth 76 million GEL will be written off for 245,000 Georgian citizens and 344 legal entities for not wearing facemasks and violating isolation or quarantine.

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