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.
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