Magazine article Screen International

Bucharest's Film Studios Relaunches Ahead of Romanian Tax Breaks

Magazine article Screen International

Bucharest's Film Studios Relaunches Ahead of Romanian Tax Breaks

Article excerpt

As competition heats up to attract international production to eastern Europe, the Romanians are are on a major drive to trump their rivals.

This weekend in Cannes, it was announced that the Bucharest Film Studios, formally known as 'Media Pro', is under new ownership and is to be expanded. This is happening just as Romania prepares to introduce a new tax incentive.

Bucharest Film Studios' new owners are Bobby Paunescu and Donald Kushner.

The revitalisation of the studios has been welcomed by leading filmmakers in the country and abroad.

Filmmaker Cristian Mungiu commented: "The re-launch of Bucharest Studios combined with the new cinema law can ensure the whole industry will benefit from lower production costs while keeping highly skilled crews."

Terry Gilliam, who has worked in Romania, described the local crews as being among "the best in the world. …

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