Qadin.NET / NTRC paid off the debts of Lider TV

NTRC paid off the debts of Lider TV

A meeting of the National Television and Radio Council was held.
According to Gadin.Net, the meeting discussed the allocation of additional financial assistance to the media in Azerbaijan in accordance with paragraph 2 of the Presidential Decree dated July 22, 2020 on the allocation of financial assistance to private TV and radio broadcasters.
Following the discussions, it was decided to distribute 3 (three) million manat allocated from the reserve fund of the President of the Republic of Azerbaijan to the National Television and Radio Council of the Republic of Azerbaijan among the following private TV and radio broadcasters:
1. Lider TV and Radio Azerbaijan LLC - 500,000 manats
2. Khazar TV LLC - 500,000 manats
3. Free Azerbaijan Independent Television and Radio Company - 500,000 manats
4. ARB 24 MMC - 500,000 manat
5. Space Independent Television and Radio Company LLC - 500,000 manat
6. Real Analysis Information Center LLC - 500,000 manats
However, due to the ongoing lawsuit to declare Lider TV and Radio Azerbaijan LLC bankrupt, 400,000 (four hundred thousand) manats out of 500,000 (five hundred thousand) manats allocated to Lider TV and Radio Azerbaijan LLC were directly transferred to Azercosmos by the National Television and Radio Council. It was considered expedient to pay to the OJSC and "Radio-Television Broadcasting and Satellite Communications Production Association", and to transfer 100,000 (one hundred thousand) manats to the account of Lider TV and Radio Azerbaijan LLC to increase its technical capacity.

13 August 2020
GO BACK