Romania city Bucharest Coronavirus film pandemic country Romania city Bucharest

Romania Extends 35-45% Cash Rebate Through 2023

Reading now: 651
variety.com

Christopher Vourlias Romanian lawmakers voted Wednesday night to revise the country’s 35-45% cash rebate, topping up the €50 million ($59 million) annual fund to finance the cashback scheme through 2023 and breathing fresh life into the local film industry.The move ended an anxious period of speculation for the Romanian biz, which saw months-long delays in applications for the rebate after a bureaucratic reshuffle following a change in government last winter.

The coronavirus pandemic also put film industry legislation on hold earlier this year.“This is definitely a good thing for the entire industry,” said Bogdan Moncea, of Castel Film Studios in Bucharest, which serviced the fifth installment in Universal’s “Dragonheart” fantasy.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA