Every step and detail, including interest rate or maturity of the loan, will be agreed with the Board of Trustees – Nodar Chichinadze, the Director of Finance and Administration of Public Broadcaster made this statement.

“The Public Broadcaster is the only financially transparent television. Public is provided with the detailed information about its expenses. You know, our activities are inspected by State Audit Office, external audit companies and the Board of Trustees. Consequently, the suspicion that the Public Broadcaster will carry out any covert financial transaction is incompetency, groundless statement and attempts to mislead the public”, – Nodar Chichinadze said.

According to Nodar Chichinadze, at this stage an active negotiations about loan are underway with financial institutions.

“For starting these negotiations we have received the consent from the Board of Trustees. We provided them with the certain information, which included general scheme on loan, its purpose and loan repayments. Having this consent, we started working out a detailed plan for submitting it to the banks, otherwise we cannot get the credit. Consequently, every step, every detail, including interest rate or maturity of the loan, will be agreed with the Board of Trustees”, – Nodar Chichinadze said.