Tax Administration freezes accounts of Romanian public television
The Romanian Tax Administration froze the accounts of state-owned television company TVR over a debt of some EUR 69 million, including penalties. The state-owned TVR ended 2011 with a loss of EUR 38 million, with revenues at EUR 137 million.
The current board says it took over the TVR with a loss of EUR 61 million in 2010, which has been accumulating since 2005.
TVR started in 1965 and now includes several TV stations financed from the country's budget, including through a specific television tax paid by all users.
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