Péter Magyar‘s new Hungarian government has reaffirmed its support for the film production sector in the country, which is Europe’s second biggest hub for production, and has hosted Hollywood films like “F1: The Movie,” the “Dune” films, “The Brutalist” and “Poor Things,” and series like “The Day of the Jackal.”
Applications for the 30% film incentive will be able to resume after the government removed the cap on new registrations, which was introduced last year by the outgoing administration.
Ervin Nagy, state secretary for culture, said, “Today, we have opened a new chapter in our cooperation with the film industry by lifting the blockage on the tax incentive system that ensures the smooth and predictable operation of the Hungarian film industry. This decision was made in consultation with industry stakeholders and with the support and trust of the Ministry of Finance.”
He added, “It is thanks to decades of work by our world-class, dedicated professionals and industry investors that Hungary has become the most sought-after film production hub in continental Europe, a place where almost any dream can be brought to the screen. We stand by the Hungarian film community in every situation; they deserve it. It is our fundamental duty to ensure state support for their work and to help them compete internationally.
