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Bill on TV licences submitted to Parliament

The draft law on TV licences was submitted to Parliament late on Wednesday.

According to the provisions of the draft law, four licences will be granted and the starting price will be determined by a joint decision of the Finance Minister and the State Minister.

Licences will be for four years.

The draft law will be discussed in the parliament plenary on Thursday afternoon. According to government sources, the government's main aim is the economic viability of the broadcasting companies so that market distortions are averted as well as excessive lending.

According to a study carried out by the European University Institute in Florence, Greece can issue up to four television licences for private television channels broadcasting nationwide.