EC approves plan for film production incentives

The European Commission has approved the Czech Republic’s plan for film production incentives. The programme allows the state to return up to 20% of the money spent by film productions in the Czech Republic and will be effective until the end of 2015. The scheme is intended to bring back what was a thriving industry until the first half of the decade, and was hurt by similar incentives being introduced in other European countries. In 2004 alone, foreign film production in the Czech Republic declined by 70%