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Bulgarian Cash Rebate Passes Second Parliamentary Vote

Bulgarian Cash Rebate Passes Second Parliamentary Vote
SOFIA: Bulgaria’s cash rebate for film production passed its second Parliamentary vote on 17 February 2021. The vote took place nearly a month later than originally scheduled, following a series of intense public debates between MPs from the Parliamentary Committee on Culture and the Media, the Union of Bulgarian Filmmakers, numerous film associations, film directors and experts. The new legislation will also provide substantial increases in support for Bulgarian film production.
The initial amendments to the country’s 2003 Film Industry Act are intended to divide the total amount of public support of nearly 20 m EUR into two main schemes: one, dedicated to the national film industry and the second to the foreign producers who shoot in Bulgaria. As a start, 8 m EUR are envisaged to finance the 25% cash rebate.

Bulgaria , Sofia , Sofiya-grad , Boyana , Varna , Bulgarian , Union-of-the-bulgarian-film-makers , Industry-act , Bulgarian-film-makers , Film-industry-act , Film

Bulgaria's Parliament approves changes to film industry legislation

Bulgaria’s Parliament voted on February 17 to approve the second and final reading of amendments to the Film Industry Act, boosting funding for film-making, including provisions for partial reimbursements for foreign producers of movies shot in Bulgaria.
Changes to the amendments between the first and second readings have caused controversy, leading several Bulgarian film industry associations to publish an open letter calling for these changes to be scrapped, and if not, for head of state President Roumen Radev to veto them.
In contrast, the amendments have been backed by United States ambassador to Bulgaria Herro Mustafa and Nu Boyana chief executive Yariv Lerner.

Bulgaria , United-states , Bulgarian , Yariv-lerner , Evgeni-budinov , Roumen-radev , Lyubomir-halachev , Iglika-trifonova , Boiko-borissov , Herro-mustafa , Boyana-yariv-lerner , Vezhdi-rashidov