NPA: Prices of Egypt’s national newspapers to increase by LE1 - News Summed Up

NPA: Prices of Egypt’s national newspapers to increase by LE1


Egypt’s National Press Authority (NPA) announced they would be increasing the price of national newspapers by LE1 to make up for the state-owned press institutions’ losses. According to the NPA, the cost of a daily newspaper is currently LE8 and the weekly newspaper LE12, yet they are only sold at LE2. The NPA explained that the increase will be linked to a comprehensive development of editorial content and providing new services to readers, in order to maintain distribution rates and be competitive. National press institutions bear heavy financial losses as a result of the increase of the prices of raw materials up to 100 percent in some cases, said the NPA, adding that this increase comes under a comprehensive plan to reform the financial structures of national press institutions.


Source: Egypt Independent June 25, 2019 09:11 UTC



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