The Hellenic Film and Audiovisual Center – Creative Greece (HFAC- Creative Greece) announced that Greece has secured all the necessary resources from the National Public Investment Program and the National Strategic Reference Framework (NSRF) in order to support investment plans concerning the “Cash Rebate Greece” (CRGR) program.

A platform for new applications under the CRGR Program of Law 5105/2024 will launch at the beginning of the new year, enabling the processing of investment plans submitted by May 10, 2024. This initiative aims to establish a stable and reliable investment tool for the film, audiovisual, and creative industries, ensuring transparency and legal certainty, with the goal of increasing annual resources by 2025. In addition, the required amount for the completion of the approvals and pre-approvals of the selective programs of periods B of 2023 and A of 2024, which have not been announced to date has been secured from the regular budget.

Showcasing the spectacular results of the Cash Rebate 40% and Tax Relief 30% incentives rendering Greece an ideal choice for the realization of audiovisual productions, the HFAC- Creative Greece announced that from September 2023 to September 2024, 70 investment projects have been submitted and another 46 investment projects have been completed and refunded. In total, since 2019, the cash rebate has refunded 211 investment projects with the amount of €130 million, almost €50 million of which in the past year.

Recognizing the significant contribution of the audiovisual sector to a country’s economy Greece introduced in the recent years an investment mechanism in order to support audiovisual and film productions. Through a “cash rebate” system providing investment incentives for audiovisual productions (film /TV/documentary/animation/digital games) for expenses incurred in Greece, the aim is to attract foreign filmmakers and audiovisual producers supporting also domestic production companies. At the same time, Film Offices in over 13 regions and 2 major municipalities in Greece have been being established to provide the necessary infrastructure for creators. This initiative aims to facilitate the smooth implementation of their business and artistic plans, enhancing the overall production environment in the country.

I.A.

Further Greek News Agenda articles concerning the CRGR program

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