RTV Slovenija management: We are limiting costs, we are still waiting for the funds stipulated by law

The management of RTV Slovenia has confirmed that it is actively working to reduce costs while awaiting legally mandated funds, according to a public statement released on July 20, 2026. The announcement comes ahead of an extraordinary meeting of the RTV Slovenia Council, during which the management will present a comprehensive overview of the organization’s operations in the first half of 2026, including efforts to secure legally allocated funds, cost-cutting measures, and potential scenarios for ensuring liquidity moving forward. This information was shared with the council and its Financial Committee through regular reporting and additional documentation. The management emphasized that they have been informing the RTV Slovenia Council and its Financial Committee about financial conditions, liquidity risks, and their activities within the framework of routine quarterly reporting. For the extraordinary meeting, the management prepared a condensed and updated review of ongoing activities throughout the year. These include actions taken since the beginning of the year aimed at securing legally mandated funds. The management sent the first letter to the Ministry of Finance and the Ministry of Culture regarding the implementation of Article 30 of the Law on Radio Television of Slovenia back in January. Subsequent letters, requests for the fulfillment of legal obligations, multiple calls and urgent meetings, and discussions with representatives of competent state authorities followed. RTV Slovenia has submitted all required data and applications for the disbursement of funds. While the government of the Republic of Slovenia and the Ministry of Culture have issued binding decisions on funding for minority programs and co-financing of Musical Production, the funds have yet to be disbursed. Management continues to work diligently to finalize all necessary procedures and disburse the legally mandated funds as soon as possible. Despite achieving a positive business result, RTV Slovenia still faces liquidity challenges. In the first half of 2026, RTV Slovenia generated €80.21 million in revenue and incurred €78.04 million in expenses, resulting in a surplus of €2.17 million. Expenses were €3.72 million lower than planned, and revenues were also lower due to €3.12 million less from advertising. However, this positive business outcome does not resolve the liquidity issues faced by RTV Slovenia. Among the revenues, there were €7.76 million in legally mandated funds for financing minority programs and Musical Production for the first half of the year, although RTV Slovenia had not received these funds by June 30. In June, the institution borrowed €8.1 million from the State Treasury Manager, repaying €2.5 million by the end of the month. As of the end of June, the debt amounted to €5.6 million, while cash reserves stood at €1.1 million. Scenarios have been prepared to address liquidity challenges. The management is implementing measures to reduce and align outflows with inflows, increase inflows, and request the Ministry of Finance to raise the borrowing limit from the state treasury. They have also obtained offers from commercial banks for potential short-term borrowing. The Ministry responded on July 7, 2026, stating that rights for spending on RTV Slovenia's financing under Article 30 of the Law on Radio Television of Slovenia have been secured on appropriate budget items, thus directing the institution to align the dynamics of payments with the competent authorities. Any potential borrowing would serve only as a temporary measure due to delays in expected inflows. Cost reduction while ensuring the performance of public service. The management leads a restrictive personnel policy, limits external contract work, carefully evaluates investments, optimizes production and other business processes, and encourages greater efficiency. These steps aim to ensure the continued delivery of public services while managing financial constraints effectively.