Speaking at the Hungarian Cultural Center, Káel said over 500 international productions had been made in Hungary over the past 20 years, drawn by the country’s unified tax rebate system, the level of security, and its outstanding studios.
He said there were five studios in and around Budapest, and that capacity would climb by 22% when the expansion of the National Film Institute’s base in Fót, on the outskirts of the capital, was completed. He also pointed to the excellence of Hungary’s film industry professionals, capitalizing on 123 years of accumulated know-how.
The ratio of Hungarian crew on international productions stands at 80%, he added. Last year, USD 910 million was spent on film productions in Hungary, four times the amount in 2018, he said. The number of productions with budgets over USD 1.5 mln doubled, he added.
Káel noted that Hungarian film professionals had won 27 Oscars since 1934. Hungarian Movie Days serves as a showcase of Hungary’s film industry for British producers and production companies, he said.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
