KARLOVY VARY: The system of incentives that was introduced in 2010 by the State Cinematography Fund has created a 12% rise in spending by foreign film companies in the Czech Republic, according to a report by APA the Czech Audiovisual Producers Association.
It is anticipated that fully realised incentives in 2014 could inject as much as 5 billion CZK into the Czech economy.
The Czech incentive scheme offers filmmakers cash rebates on qualifying Czech and international spending. This is partly due to a budgetary increase for film incentives by the State Fund for Cinematography from 300 million CZK in 2012 to 500 million CZK in 2013, and to 800 million CZK in 2014.
You can find the full press release HERE
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