Romania Extends 30% Film Production Cash Rebate Program Through 2029
By
Christopher Vourlias
Summary
Romania has extended its 30% cash rebate program for film and TV productions by three years, allowing financing agreements through 2029 and payments through 2031. The program, administered by the Office of Film and Cultural Investments (OFIC), maintains its annual budget cap of €55 million ($63.2 million). The extension aims to strengthen confidence in Romania as a production destination, which has attracted major international productions like Netflix's 'Wednesday.'
Source
VarietyRomania Extends 30% Film Production Cash Rebate Program Through 2029variety.comKey quotes
· 4 pulledRomania has officially given a three-year extension to its revamped cash rebate program
Under the terms of the new legislation, financing agreements can now be signed through the end of 2029, with payments running through the end of 2031
The program, which is administered by the Office of Film and Cultural Investments (OFIC), offers a 30% cash rebate on eligible production expenditures incurred in Romania
The annual budget cap stays at €55 million ($63.2 million)
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