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Media owners in Georgia won’t be able to get registered in off-shore areas

2010-11-13 17:45

10014.jpegMedia owners in Georgia will be prohibited to get registered in the off-shore areas, Echo of Caucasus reports.


If a media company gets registered in an off-shore area it will have only two ways out after the adoption of a relevant amendment to the law "On broadcasting": get re-registered or just cease broadcasting.

"The proposed initiative introduces definite limitations for the persons registered in the off-shore areas. From this view-point, the drawback that prevented receiving complete information about the company owners will be eliminated", - says deputy chairman of the legal committee Chiora Taktakishvili.

However, this is the only amendment adopted by the government out of the package of eight amendments to the law suggested by mass-media experts.

The main of the eight amendments concerned ensuring transparency of the media companies sponsorship. However, member of parliamentary legal committee Chiora Taktakishvili says that no additional amendments relating to the sponsorship transparency are planned to be passed.

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