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Since 25 May 1992, the Rumanian audiovisual sector has been regulated by new legislation that shows a particularly liberal approach when taken in the light of the overall economic and legislative situation. The law not only recognizes the private sector but it also fixes no limits as to the amount of foreign capital, which can make up the whole of an audiovisual company's capital. The law does, however, aim to prevent monopolies, by limiting to 20% of the capital the maximum number of shares that can be held any by one person who already has a majority shareholding in another company. Reference...