Greece appears to be gradually increasing and better promoting its global “footprint” in the film industry, with the latest fillip being a planned 30-million-euro studio east of Thessaloniki proper by Millennium Media and the local Vasilika Thermis company.
The latter is linked with the film production company Nu Boyana Hellenic, controlled by Greek businessman John Kalafatis, while Millennium Media, a major independent Hollywood studio, is led by CEO Yariv Lerner.
Another noteworthy investment is a post-production film and television studio at the Helleniko site in coastal southeast Athens, with the billed 50-million-euro investment now awaiting approval by an inter-ministerial committee for strategic investments.
The northern Greece project, in the Thermi municipality, will be reportedly located at a one-time grain warehouse, with a total surface exceeding 11,100 square meters, and with more than 12,000 square meters of outdoor shooting areas. Another post-production facility will be located nearby.
Over the past few years, Greece has attracted a number of international film productions, such as the “The Enforcer” with Antonio Banderas, “The Expendables 4” with Jason Statham and Sylvester Stallone, as well as “Glass Onion: A Knives Out Mystery”, with Daniel Craig.
One major factor behind studios picking Greece for shooting a movie is a cash rebate offered by the state-run National Centre of Audiovisual Media and Communication (EKOME) of 40 percent of eligible expenses.
According to a recent study unveiled by the Athens-based Economic & Industrial Research (IOBE), even 20 low-budget (450,000 euros) productions filmed in Greece every year would translate into an increase of 14.2 million euros for the country’s GDP.
An annual outlay of 25 million euros in the country for film productions would mean an increase in GDP of 39 million euros, and 755 temporary job spots.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
