BUDAPEST: Hungary will raise its production incentives from 25% to 30%. The submission of the Hungarian Film Fund approved by the European Commission aims at preserving its competitiveness in Europe.
Hungary was the first Eeastern European country that launched a tax incentives scheme in 2004 and became a leading Continental Europe destination for international productions.
But its position might be challenged as recently Romania launched its cash rebate system with 35% (plus 10% for explicitly promoting Romania), while Poland is expected to announce its incentive scheme soon.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.