BUCHAREST, June 13 (Xinhua) -- The Romanian government decided on Wednesday to grant state aid to the cinematography so as to support the film industry and promote the image of the country.
"This aid scheme aims to stimulate film production ... is multi-annual, will run until the end of 2020 and will have an annual budget of 50 million euros (59 million U.S. dollars)," the government spokesman Nelu Barbu told a briefing.
According to the decision, up to 45 percent of the eligible costs for film production realized on the territory of Romania could be covered under the following conditions: 35 percent of the total eligible expenses of film production projects in Romania can be afforded by non-reimbursable financial allocations. Provided that the cinematographic production promotes tourism of a Romanian city, area or the whole country, an additional 10 percent of non-reimbursable allocations can be available.
"These financial allocations are granted provided that at least 20 percent of the total budget of the project is realized on the territory of our country," Barbu added.
The state aid is granted for the production of films, regardless of how they are capitalized on, such as short and medium feature films, television series, films for video support or internet distribution, or for any other type of support, documentary-feature and animation films, said the spokesman, adding that benefiting from this type of support are Romanian or foreign registered enterprises.
The maximum amount of state aid can not exceed 10 million euros (11.8 million U.S. dollars) for each project financed under this scheme. (1 euro =1.18 U.S. dollars)
