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Romania: Producers lobby for tax rebate

Location: Europe 2012 - Romania

Economic hard times have seen a collapse in public funding for film in recent years, with the national cinema fund slashed from about $14 million five years ago to between $8 million and $9 million now.

Producers, including Tudor Giurgiu of Bucharest’s Libra Film and service provider Castel Film, are lobbying for a 20% tax rebate program similar to the one in the Czech Republic.

Economic austerity has brought with it political instability; Romania got a new, young prime minister earlier this year when Mihai Razvan Ungureanu, the former head of the country’s foreign intelligence services, was appointed by the president following the collapse of the government.

Although fresh elections are planned for the fall, Romanian producers are confident that Ungureanu, an independent, will stay in power, giving the stability needed to push forward the rebate proposals.

“We have to find new sources of funding and ways to increase the audience popularity of Romanian films,” Giurgiu says.

Studios & facilities
Castel Film is the leading production services provider and also has extensive studio facilities with nine soundstages, including a 35,000-sq.-ft. stage and a 90-acre, partially forested, backlot. There is also direct access to a large lake and waterfront.

Post & vfx
Abis Studio, with more than 15 years in operation, is Romania’s most complete post-production facility, offering services, including vfx, 3D animation, Telecine, film scanning, grading and Digital Intermediate. Abis has launched a 35mm lab to offer an alternative now that Kodak has stopped producing film stock.

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