IRF to help press to survive

Source/Author: Dan

PODGORICA, 18.04.2020. – The Association of Managers of Montenegro (AMM) sent a proposal of measures to the Government for assistance to the economy, stating that the media, because of special public interest, should be treated in the ranks of endangered business entities and provide conditions for media to apply for loans with the Investment Development Fund (IRF).

All print media outlets agree with this, stating that their business is in jeopardy due to the crisis caused by the Government’s measures to suppress the virus corona. Since advertising is dead, they are also questioning the payouts and salaries of employees in these media.

In the second half of March. The Ministry of Culture has announced a grant of 150,000 EUR to the media through a public competition. Assistance was also provided to local public broadcasters in the amount of approximately 35,000, and commercial and public broadcasters were exempted from paying the Agency’s fee for broadcasting in the amount of 80,000 EUR.