Romania expelled from Eurovision amid corporate insolvency concerns

Published on April 29, 2016 by Crawfords Accounting

Romania has been banned from competing in the upcoming Eurovision Song Contest amid concerns that its national broadcaster TVR could face corporate insolvency proceedings.

The broadcaster has been in debt to the European Broadcasting Union since the beginning of 2007, and the EBU now claims that TVR’s continued indebtedness is undermining its own stability.

EBU director general Ingrid Deltenre said: “We are disappointed that all our attempts to resolve this matter have received no response from the Romanian government.

“In recent weeks the EBU has taken note of the Ministry of Finance’s suggestion that TVR may be placed into insolvency proceedings which may in turn lead to a profound restructuring of the broadcaster.”
The decision means TVR will not be allowed to broadcast this year’s Eurovision Song Contest semi-finals and final, Romania will be removed from the contest, and certain sporting events accessed via the EBU will also not be shown in Romania.
Meanwhile, the EBU is now pursuing the Romanian government to clear the debt on TVR’s behalf, after requests for payments of 10 million Swiss francs with bank guarantees for the remaining 6 million owed were ignored.
The decision was made as participating nations were already preparing for the last rehearsals before the Eurovision semi-finals, and special consideration has been given to Romania’s artist.

Jon Ola Sand, executive supervisor of the Eurovision Song Contest for EBU, said: “This is of course disappointing for the artist chosen to represent Romania, for our colleagues at TVR who have prepared their participation so well this year and, not least, for Romanian viewers and the many Eurovision fans in the country.”

The official Eurovision album has already been produced – complete with the Romanian entry – and as a courtesy the EBU has agreed to keep the song not only on the physical CD version of the album, but also make it available for download along with the other entries.

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