Romania launches regional film fund to attract co-productions
Romania is to launch the Transilvania Film Fund in April to attract international co-productions and entice filmmakers to visit the Cluj-Napoca region in the north east of the country.
The area is currently known as the home of the Transilvania International Film Festival (TIFF). The festival is behind the funding of the initiative, which will also mean the start of new training initiatives and a local film commission. The fund will have a budget of up to $113,000.
A real benefit is that due to its location (relatively close to both Hungary's Budapest as well as Bucharest), filmmakers in the region can also apply for both the Romanian and Hungarian filming incentives when filming in and around the Cluj-Napoca area.
Hungary's incentives allow for cross border filming and the tax credit can be up to 25%. In Romania itself, producers can apply for a slice of the development and production funding distributed by the Romanian National Film Centre.