Nu Boyana will also organize workshops and seminars to support the education of film arts students, according to Novonite.com, the website of the Sofia News Agency.

The agreement was signed April 3 by Nu Boyana chairman David Varod and NATFA rector Stanislav Semerdzhiev. It is the second such agreement after a pact signed in 2007 under which Nu Boyana financed more than 40 students projects.

Nu Boyana was created in 2005 when the Los Angeles-based film production and distribution firm Nu Image bid $9.2 million for control of Bulgaria's Boyana studios, which was established in the early 1960s.