The only Russian-language radio station in Latvia "Dome area, funded from the budget, are going to close because of financial crisis, writes the newspaper" Telegraph "on 26 March.
According to the management of Latvian radio referred to the Ministry of Finance of the business plan that includes three option difficulties. Under the first scenario, public radio will continue to broadcast in their entirety. The second scenario provides for a radical reduction in the Latvian radio programs - 3 "Classic" and the Latvian Radio - 4 "Dome Square, where broadcasts will be saved only in Riga and Daugavpils. In the third, the most pessimistic scenario, it is proposed to leave just one state channel, which would reflect the interests of all groups. This significant funding will be spent on compensation for laid-off employees.
According to the director of the Dome area, "Ilona Madesovoy, however, the latter scenario is not real, but" there is to show how absurd the situation in which the radio set. " In her view, the likely options are only the first and second.
Because of the difficult economic situation in the Latvian public radio was on the brink of bankruptcy, his debts amounted to about two million dollars. In December 2008 the Government had approved the anti-crisis program, under which all government spending will be cut by 15 percent. In protest against these measures, the general director of Radio Latvia Aigars Semevitss resigned and was replaced by Dzintars Kolats.
Latvia suffered from the global financial crisis stronger than all other countries in the EU. In the fourth quarter of 2008 GDP fell by 10.5 per cent over the same period in 2007.