Digitalization costs for Armenian radio and TV were set at AMD12 billion, according to the head of technical group for broadcast digitalization, Semyon Aghajanyan.

“Digital broadcasting will cost every company USD300-400 thousand refundable to the government within 10 years,” Semyon Aghajanyan told a news conference in Yerevan.

RA Deputy Minister of Economy Ara Petrosyan, in turn, added that the amount of investments necessary will be assessed by the end of 2013, AMD12 billion being the maximum sum. As he noted, interest-free crediting from international sources and donor countries is expected.