New development bill to encourage investments in Greek mass media

The new omnibus bill in Greek Parliament includes regulations that "will facilitate investments in the mass media" and increase employment, Deputy Minister to the Prime Minister and government spokesman Stelios Petsas said on Friday, according to ANA. Explaining the contents of the bill relating to his portfolio, Petsas pointed out the regulations "are pervaded by the idea of creating a favorable framework to attract investments across the mass media sector and to rationalize and update anachronistic and outdated regulations." The sector, he noted, had been "disproportionately hit by the economic crisis, both in terms of profits, but mostly in terms of employment" and the new regulations will lift obstacles to investments, particularly for private television, free-to-air digital TV, radio & TV subscription services, newspapers, magazines and press printing, and distribution businesses. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: License: CC-BY-SA Copyright: Curtis Kennington Let's block ads! (Why?)